U.S. Gasoline Prices Fall Slightly, But More Pain Is Coming
Gasoline prices in the United States have dropped to a national average of $4.087 per gallon, down from $4.114 a week ago, but with oil prices rising again on the Continue Reading
Oil slips on fears over slowing China demand
Oil edged lower on Monday as worries over slowing demand in China balanced support from concern over tight global supply and the deepening Ukraine crisis. China’s economy slowed in March Continue Reading
Oil Gains as Week Opens on Libyan Disruption, Russia’s Warning
Oil climbed as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy. West Texas Intermediate traded above $107 a Continue Reading
Oil Posts a Weekly Gain as EU Considers a Ban on Russian Oil
IEA Cuts Global Oil Demand Forecast on China Lockdowns Oil notched a weekly gain as traders weighed a global supply deficit, a potential ban on Russian oil from the European Continue Reading
Oil rises on news EU may phase in a ban on Russian oil imports
Oil prices settled higher on Thursday after an early decline as investors covered short positions ahead of the long weekend and on news that the European Union might phase in Continue Reading
Pricey Jet Fuel Punishes Airlines and Passengers
American drivers are feeling the pain of rising gasoline prices . Airlines and their customers have had it even worse. Jet fuel, a kerosene-based product akin to diesel fuel, has Continue Reading
U.S. Natural Gas Prices To Spike As Exports Boom
Europe is determined to wean itself off Russian natural gas following Putin’s decision to invade Ukraine, and U.S. LNG is one of the major alternatives. Biden has already committed to Continue Reading
Competition for gas amid winter storm pushes Rockies spot prices up to two-month highs
Rockies spot gas climbs above $6.70/MMBtu on April 14 Demand for Rockies gas could remain elevated in near term Spot natural gas prices in the Rockies hurtled up to two-month Continue Reading
US natural gas storage rises 15 Bcf, lifting stocks to 1.397 Tcf as deficit grows
Deficit to five-year average expands to 303 Bcf NYMEX Henry Hub prompt hits $7.25/MMBtu Cool weather expected to linger into late April US natural gas storage activity flipped back to Continue Reading
Feature: Low production, strong demand to buoy US summer gasoline prices
Diesel prices surpass gasoline, see nearly 62 cents/gal premium Lower USAC gasoline production, imports point to tight summer E15 waivers, SPR crude releases attempt to mitigate high prices US EIA Continue Reading