Oil prices settled higher on Friday but posted their steepest weekly decline since November, as traders assessed potential improvements to the supply outlook that has been disrupted by Russia’s invasion Continue Reading
Oil prices tumbled at the start of this week as fears of a major supply crunch were alleviated somewhat. Upward pressure remains, however, with geopolitical risks mounting and a nuclear Continue Reading
Global stocks of diesel and other middle distillates have fallen to the lowest seasonal level since 2008, when similar shortages of these transport and industrial fuels helped to propel oil Continue Reading
Gas Prices Top $6 Per Gallon in California California, already the home of the nation’s most expensive retail gasoline, added another unhappy superlative with the biggest weekly jump in the Continue Reading
A U.S. gasoline tax cut is among the options being considered to provide relief to consumers, U.S. Treasury Secretary Janet Yellen said on Friday, adding she was confident that the Continue Reading
Oil Prices Near ‘Demand Destruction’ Territory, ConocoPhillips CEO Says Oil’s tumultuous rally paused after U.S. inflation rose to a fresh 40-year high, sparking worries that surging prices could hasten the Continue Reading
UBS: Would Stay Long Oil as Hedge Against Uncertainty Brent crude rose at the end of a week of unprecedented market swings as Russia’s war in Ukraine kept markets on Continue Reading
The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and complicating the fight against Continue Reading
Highlights China’s LNG imports no longer forecast to rise on year in 2022: Analyst Fewer takers for PipeChina’s spare LNG terminal slots High prices cause demand destruction in domestic market Continue Reading
Retail gasoline prices reach record highs Demand destruction yet to emerge Declining coronavirus cases, warm weather support demand US Atlantic Coast gasoline prices continue to rise following the US ban Continue Reading
