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Petroleum Prices


Much like the whale oil trade at its peak in the mid-1800s, crude oil prices have likely peaked. According to Cathie Wood, founder and CEO of Ark Investment Management, who spoke of an upcoming spike in crude oil prices due to the arrival of electric vehicles (EVs), in a series of tweets late Thursday. Citing …

Natural gas prices in the United States have more than doubled this year and oil prices have risen 52% as demand for energy recovers from the COVID-19 pandemic. Exxon has also cut costs and laid off staff following a historic loss in 2020. Falling costs associated with the recent oil and gas rebound have resulted …

Image source: PTI Rising fuel prices: Diesel at record high, gasoline nears record high as rates rise again Gasoline and diesel prices hit record highs across the country on Thursday after rates were hiked by 25 paise and 30 paise per liter respectively. The price of gasoline has been increased to Rs 101.64 per liter …

Royal Dutch Shell’s price action continued to rise on Wednesday, as the increase that oil inventories received from rising crude oil prices continues. Crude oil prices hit $ 80 as supply shortages in the US Gulf Coast’s production belt pushed prices higher. Oil stocks such as those of Royal Dutch Shell have been a big …

Chroniclers Why hedging oil purchases is a win-win situation for Kenya Wednesday, September 29, 2021 An employee of a gas station in Nairobi. PHOTO FILE | NMG By RUFUS MWANYASIMore from this author Summary The government’s policy of stabilizing consumer prices against unpredictable fluctuations in world oil prices is proving to be a costly affair …

Oil has rebounded this year as the vaccine rollout stimulates demand for energy, leading to lower US inventories. Brent oil has climbed above $ 80 a barrel, a sign that demand is exceeding supply, depleting stocks amid the global energy crisis. The main crude benchmark rose for a sixth day to its highest level since …

ISLAMABAD, September 27 (APP): Energy Minister Hammad Azhar on Monday informed the Senate that the prices of petroleum products in Pakistan were lower than 127 countries. Closing debate on the motion presented by Bahrmand Khan and Mushtaq Ahmed regarding the recent rise in oil prices, the minister said the government has given tax relief of …

US West Texas Intermediate and international benchmark Brent crude oil futures ended higher last week amid supply concerns, as global demand continues to improve as pandemic conditions ease. . “The tight supply continues to benefit inventories in all regions,” ANZ Research said in a note. Last week, December WTI crude oil was $ 73.61, up …

ABUJA – Nigeria said it aims to produce 1.88 million barrels per day of crude oil next year and that the budget will be based on the benchmark price of $ 57 per barrel, calling it a production target. ” very conservative “while the country’s economy is struggling. Africa’s most populous country has been hit …

Efforts to keep crude prices around $ 65 for Brent, the international standard, have been complicated by the delta variant of the novel coronavirus COVID-19. “We have relaxed our pricing outlook for the remainder of 2021, thanks to the delta variant,” said Farzin Mou, vice president of intelligence at data analytics firm Enverus and co-author …