Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer. West Texas Intermediate futures slid below $96 a barrel. Virus cases Continue Reading
Oil prices rose 2% on Friday but notched their second straight weekly decline after countries announced plans to release crude from their strategic stocks. Brent crude futures settled up $2.20, Continue Reading
Oil prices have dominated headlines in recent weeks, but the most dramatic action has been happening in a hidden corner of the market. Distillate fuel prices are breaking records left Continue Reading
Russia’s demand for “unfriendly countries” to pay for gas in rubles could have a significant impact on key metal markets. Climbing oil and gas prices are a major concern not Continue Reading
Dire Consequences of Rising Food Prices Global food prices are surging at the fastest pace ever as the war in Ukraine chokes crop supplies, piling more inflationary pain on consumers Continue Reading
Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the “massive supply disruptions” it is Continue Reading
The White House is still considering a possible federal gas tax holiday to lower U.S. consumer energy costs, spokesperson Jen Psaki said on Friday. View full article at www.reuters.com
NYMEX Henry Hub May settled at $6.28/MMBtu April 8 April 7 was prompt-month’s highest price since December 2008 Widening storage deficit, strong LNG exports possible drivers After settling at its Continue Reading
Crude oil futures were mostly steady in mid-morning Asian trade April 8, consolidating after recent heavy losses as the long-term outlook for oil prices remained bullish despite the US and Continue Reading
Oil headed for a back-to-back weekly retreat on plans for massive stockpile releases, a demand-sapping virus outbreak in top importer China and a hawkish turn from the U.S. Federal Reserve. Continue Reading
