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One day after oil giant BP warned about rationing gasoline and diesel at UK service stations, Brits began to panic buy fuel as the government tried to calm fears.
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Oil's recent gains may accelerate and the price per barrel could surge to $90 if the approaching winter proves colder than normal, Jeff Currie, Goldman's global commodities head of told Bloomberg TV.
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From the gasoline in our cars to the plastic in countless everyday items, crude oil is an essential raw material that shows up everywhere in our lives.
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Soaring energy prices are stoking new concerns about a stagflationary environment of high prices and waning economic growth. Natural gas prices in Europe and the US are through the roof, and WTI futures are over $70 per barrel.
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Oil rose more than 1% on Monday, supported by concerns over shut output in the United States because of damage from Hurricane Ida, with analysts expecting prices to remain range bound in a stable market over the coming months,....
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Oil rose more than 1% on Monday, supported by concerns over shut output in the United States because of damage from Hurricane Ida, with analysts expecting prices to remain range bound in a stable market over the coming months,....
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When construction began on the second Nord Stream pipeline that was going to double the volume of natural gas ships to Europe - most of it to Germany - the European Union wasted no time in voicing its opposition to more Russian gas.
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"Because of the high Saudi OSPs in previous months, traders have diverted to the spot market instead of using long term contracts."
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...increased price volatility and stricter capital discipline... at a minimum
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Joe Biden and the Republicans – without whom Joe Biden could not have done it – may have just outlawed cars that can't be tracked without actually outlawing them, per se. Instead, they will be regulated away – the new trick in government's
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Despite global expectations to move away from coal, demand in China is still strong, as rising global temperatures causing heat waves are driving up electricity demand and coal prices.
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The new campaign, "Fossil Free Federal Reserve," launched by the grassroots environmental advocacy group 350.org, demands the Federal Reserve end bank fossil fuel financing by using existing regulations.
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The governors of South Dakota and Wyoming have issued emergency declarations that suspend hours of service regulations for certain haulers in those two states.
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This high demand is joining forces with lagging supply to drive prices up. Right now, the average national price of regular gasoline is sitting at $3.14 a gallon.
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"...the possibility of a market share battle, even if remote, is hanging over markets, as is the potential for high fuel prices to stoke inflation and damage a fragile economic recovery..."
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Cathie Wood forecasts that as the world shifts to electric cars and trucks this will take oil prices down to $12 per barrel.
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Stock investors worried about inflation should pay close attention to the rising price of oil. It could be the final kick needed to derail the consumer-spending spree behind the U.S.'s surging growth.
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Brace for shock at the pump. WTI crude prices surged by over $2, rising more than 3% to $75.8/bbl...
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Gas is generally about $3 per gallon now and in some parts of the country, it is more than $4 per gallon. That's for regular.
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A federal judge in Louisiana has blocked President Joe Biden's suspension of new oil and gas leases on federal land and water, delivering a setback to the administration's efforts to transition away from fossil fuels.
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Gas prices hit a nationwide average of $3.08 per gallon on Monday, driven by the cost of crude oil.
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The Keystone XL pipeline project's owner, TC Energy, said on Wednesday that it has terminated the controversial pipeline project that would have served as a lifeline to Canadian oilsands producers looking for more takeaway capacity.
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Mendocino is known for its Victorian architecture and striking setting on the bluffs of the Pacific Ocean in rural Northern California, 155 miles and three and a half hours north of San Francisco.
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After in recent months crude oil prices have clearly recovered from their COVID-19 slump on steadily increasing demand, Russian Deputy Prime Minister Alexander Novak addressed the much anticipated decision-making at the upcoming OPEC+ conference set
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For most of my career, oil demand has grown each year and supply has roughly kept up. Sure, it's overshot in both directions. We've seen shortages and we've seen gluts.
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Believe it or not, oil companies in Russia and Saudi Arabia are cheering on climate activists who are doing battle with names like Shell and Exxon.
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-- here's how the pursuit of huge gas reserves and money is fuelling the conflict
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Shell is ordered to cut carbon emissions by 45% by 2030 by Dutch court in ruling that could set precedent for polluting multinationals worldwide
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Engine No. 1 won at least two board seats at Exxon's annual shareholder meeting on Wednesday. The activist fund, which has a 0.02% stake in Exxon, has been targeting the company since December over the oil giant's need to shift away from fossil
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For several months, many of my articles covered the global shortages and coming shortages facing the worldwide economy. My articles warn of food, chip, fuel, and commodity shortages.
