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Petroleum Prices


Patrick De Haan, head of petroleum analysis at GasBuddy, predicts that the national average for gasoline could reach $ 4 a gallon in the spring before peaking in the summer. The average price per gallon of gasoline in the United States increased in the first two weeks of 2022. Currently, prices at the pump stand …

Oil prices are expected to maintain a steady uptrend this year as Omicron is unlikely to cause a massive drop in demand for crude, while supply concerns will support prices in the near term, according to the experts. Crude prices, which rose nearly 60% in 2021, edged up in the first trading week of this …

Oil tankers are seen parked in a yard outside a fuel depot on the outskirts of Calcutta on February 3, 2015. REUTERS / Rupak De Chowdhuri / File Photo Register now for FREE and unlimited access to Reuters.com Register LONDON, Jan. 7 (Reuters) – Oil prices rose and were heading for their biggest weekly increases …

Petroleum Marketing Companies (OMCs) have kept diesel and gasoline prices unchanged in major Indian cities since November 3, 2021, when the Center and some states cut tariffs. Last month, the Delhi government reduced the value-added tax on gasoline from 30 percent to 19.40 percent. With this, the oil prices in the national capital were reduced …

As coronavirus cases skyrocket across the world, oil prices have fallen more than 2% on both major oil benchmarks. Brent crude fell 2.2% to $ 77.78 a barrel. WTI crude was also down, this time again 2.31% to $ 75.21. Coronavirus cases have reached new pandemic heights across the world. The increase in infections has …

The government has increased the prices of gasoline and diesel by Rs 4 per liter. Gasoline will now cost Rs144.82. According to a notification published Friday evening by the Finance Directorate, the new oil prices will be applied for 15 days from January 1. The government has increased prices to meet the oil levy target …

An aerial view shows an Idemitsu Kosan Co. oil plant in Ichihara, east of Tokyo, Japan, Nov. 12, 2021, in this photo taken by Kyodo. Photo taken on November 12, 2021. Mandatory Credit Kyodo / via REUTERS EDITORS ATTENTION – THIS IMAGE HAS BEEN PROVIDED BY A THIRD PARTY. MANDATORY CREDIT. JAPAN OUTSIDE. NO COMMERCIAL …

The stubborn undercoverage of Premium Motor Spirit (PMS), also known as the gasoline subsidy, created a mess of income for the federation in 2021. Apart from the usual polemics on the question of whether to “withdraw or not”, the essence subsidy payments swallowed up over 1.03 trillion naira in 10 months, resulting in low revenues …

White House officials attempted a small victory as millions hit the road for the holidays this week, touting small drops in gasoline prices even though costs at the pump are still much higher than at the same time last year. “As people leave for Christmas weekend, gasoline prices continue to drop – down 25 cents …

Strong points OPEC + quotas, drilling programs to increase production capacity Production could increase by nearly 500,000 bpd by June to November 2021 levels Omicron, sanctions and releases of strategic reserves could affect production Russian oil production is expected to increase in 2022, although factors such as the coronavirus pandemic and the release of strategic …