Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19 lockdowns in China, the world’s biggest crude importer. Brent crude futures rose $1.60, Continue Reading
Oil prices are on course for a fifth straight monthly increase despite significant demand destruction in China, a trend that highlights just how big the current supply problem is. Oilprice Continue Reading
Diesel prices, the lifeblood of industry, have hit a record $5.16 per gallon, trending $1 per gallon higher than gasoline prices, with inventory shortages adding severe pressure and resulting in Continue Reading
East Texas basis down over 20 cents this April Southeast LNG demand up 1.6 Bcf/d in 2022 Texas-Louisiana forward spreads wider in 2023 Premium gas prices at the US benchmark Continue Reading
Crude oil futures inched lower in mid-morning Asian trade April 29 as China’s lockdown continued to weigh on crude sentiment despite fears of supply disruptions from a potential embargo on Continue Reading
Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19 lockdowns in China, the world’s biggest crude importer. Brent crude futures rose $1.60, Continue Reading
Democrats in Congress, accusing oil companies of gouging and profiteering that has raised gasoline prices, on Thursday promised legislation to allow the U.S. Federal Trade Commission and state attorneys general Continue Reading
Crude oil futures fell in mid-morning Asian trade on April 28 as news of China’s mass testing for COVID-19 weighed on sentiment, overshadowing supply-side concerns of a modest US inventory Continue Reading
Natural-gas prices swung higher on both sides of the Atlantic on Wednesday after Russia stopped exports to Poland and Bulgaria , a move that investors feared could portend deeper global Continue Reading
Oil traded near $103 a barrel as China’s spreading virus outbreak continued to weigh on the outlook for global demand. West Texas Intermediate futures have struggled for direction this week, Continue Reading
