AAA: $4 Gas the Tipping Point for Most Americans
New survey data from AAA finds that two-thirds of Americans felt gas prices were too expensive just a few weeks ago at $3.53 per gallon. Now with the national average Continue Reading
Oil jittery as market weighs OPEC filling Russia supply gap
Oil prices rose on Thursday in volatile trade following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the Continue Reading
OIL FUTURES: Crude rebounds after UAE affirms commitment to OPEC+ monthly increases
Crude oil futures were higher in mid-afternoon Asian trade March 10 after the UAE’s energy minister affirmed the Gulf state’s commitment to OPEC+ monthly production increases, contradicting a UAE top Continue Reading
The One Bearish Catalyst For Oil Right Now
Oil is now holding near its highest level since 2008, and analysts are not ruling out a continued run to all-time highs of $150 and even $200 per barrel if Continue Reading
Oil Prices Could Hit $240 This Summer
Oil prices could hit $240 per barrel this summer in the worst-case scenario. Oil prices could hit $240 per barrel this summer in the worst-case scenario if Western countries roll Continue Reading
EIA Makes Huge 2022 Oil Price Forecast Adjustment
Daily spot prices for Brent closed at almost $124 per barrel in the first week of March. The U.S. Energy Information Administration (EIA) has raised its 2022 Brent spot average Continue Reading
Oil rises towards $130 as Russian crude struggles to find buyers
Oil rose towards $130 a barrel on Wednesday, supported by concern of a potential supply shock as the United States banned Russian oil imports and amid signs that some buyers Continue Reading
Global diesel prices soar as bans on Russian supplies add to tightness
European low sulfur gasoil hits record high Europe begins drawing more diesel from US Latin American diesel tenders dry up Global diesel prices are soaring on concerns that Russian supplies Continue Reading
War In Ukraine Leads To Full-Scale Commodities Melt-Up
Crude, natural gas, aluminum, nickel, wheat, and a whole host of other commodities have seen extreme price increases in recent weeks. Massive re-pricing in commodities is causing turmoil in global Continue Reading
Europe Gas Drops as Traders Weigh Potential of Russian Flow Cuts
Natural gas in Europe declined as traders weigh Europe’s reluctance to sanction Russian supplies and the potential easing of retaliatory action by Moscow. Benchmark Dutch futures fell as much as Continue Reading