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Petroleum Prices


Demand for oil is expected to increase by half a million barrels per day (bpd) as the power sector and heavy industries abandon more expensive sources of energy, the IEA said. Through Reuters | Posted: 26-Oct-21 12:28 PM IST 0 Views See the pictures U.S. shale producers have hesitated to invest in increased production after …

Domestic prices at the pump are likely to rise to as high as 1.20 pesos per liter for fuel prices this week to reflect price movement in the global oil market. This developed when BAYAN Muna party list representative Carlos Isagani Zarate challenged Energy Secretary Alfonso Cusi to ask President Rodrigo Duterte to certify Bill …

Manila, Philippines – Leaders of farmer and transport groups on Friday sounded the alarm on a threat “worse than the pandemic” – steadily rising oil prices and the lack of government guarantees for marginalized sectors. At a press conference at the University of the Philippines (UP) Diliman, Anakpawis National President Ariel Casilao warned that the …

Gasoline prices in New Brunswick hit all-time highs on Thursday, including street prices above $ 1.50 for the first time in some communities. This is the consequence of a number of factors, but mainly of two consecutive months of strong growth in the international oil markets. Last week, the head of oil analysis at online …

Gasoline and diesel margins rebound globally as COVID-19 restrictions relax World stocks of petroleum products at their lowest since 2014 – FGE Maintenance, high natural gas prices to restrict supply to Q4 Asian crude expected to reach 29.5 million bpd in fourth quarter, up 1.4% year-on-year – FGE Formosa to process 400,000 bpd in November, …

Yet OPEC continues to fail to pump at expected levels: File Image / Pixabay Maybe the demand for energy won’t be so intense after all: that was the sentiment traders had on Monday as we industrial data showing signs of weakness forced them to associate gains, albeit minimally. Intermediate West Texas Rose 16 cents settle …

As oil prices continue to dig into buyers’ pockets, Fawad Chaudhry, Federal Minister of Information and Broadcasting, said the upward trajectory observed by petroleum products is due to rising prices in the international market. rough. Chaudhry, while justifying the rise in prices, said on Twitter that the prices of petroleum products in Pakistan are dependent …

Crude oil storage tanks are seen in an aerial photograph at the Cushing Oil Hub in Cushing, Oklahoma, USA, April 21, 2020. REUTERS / Drone Base / File Photo Brent expected to rise for sixth consecutive week Brent at the highest price since October 2018 WTI on track to post 8th consecutive weekly gain Oct. …

Pumpjack for oil in the Permian Basin region. Spencer Platt | Getty Images Oil prices rose on Thursday, reversing previous losses, amid expectations that high natural gas prices as winter approaches could lead to a switch to oil to meet heating demand needs. Brent crude futures gained 28 cents, or 0.3%, to $ 83.46 a …

Demand for energy is back today as the global economy reopens, but supply has simply not kept up. This is why US oil prices have climbed $ 120 since falling below $ 40 per barrel in April 2020. US oil prices finished above $ 80 per barrel on Monday for the first time. times in …