Oil Demand Showing Signs of Weakness
This weakness is expected to persist. Global oil demand has been showing signs of weakness in March and this weakness is expected to persist through April and May due to Continue Reading
Are You Really Being ‘Gouged’ At The Gas Pump?
Gasoline prices have soared this year, breaking records across the United States. Consumers are pointing the finger at Big Oil, but perhaps unfairly. Gasoline prices often lag behind oil prices, Continue Reading
Oil Falls as China’s Virus Flare-Up Worsens, Yemeni Rebels Pause
Oil is falling in Asia as the virus resurgence in China worsens. Oil retreated as China’s worsening virus resurgence raised concerns about demand in the world’s biggest crude importer, while Continue Reading
Oil slumps as Shanghai lockdown exacerbates fear of weaker demand
Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai launched a two-stage lockdown to contain a surge in Continue Reading
Oil Prices Stay High as Russian Crude Shortage Hits Market
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create Continue Reading
Rationing Looms As Diesel Crisis Goes Global
Russian refiners cut processing rates of diesel fuel. Already tight diesel supply is getting even tighter. Vitol’s chief executive Hardy: diesel supply shortage could trigger rationing in Europe Earlier this Continue Reading
Some States Suspend Their Gas Taxes, Looking to Ease Pain at the Pump
Seeking to soften the blow of higher gas prices on consumers, a handful of states have suspended their gas taxes, and several other states may soon follow. Gas prices, which Continue Reading
Oil Prices Stay High as Russian Crude Shortage Hits Market
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create Continue Reading
Oil Settles Up this Week with Saudi Arabian Facilities Under Attack
Oil posted its first weekly gain in three weeks as the European Union continued to debate how it can decrease its reliance on Russian exports and Saudi Arabian energy assets Continue Reading
Crude oil futures steady to higher as supply concerns ease after EU summit
Crude oil futures were steady to higher in midmorning Asian trade March 25 as supply concerns eased after the US and European partners failed to reach an agreement on sanctioning Continue Reading