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Petroleum Prices


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 …

Pipelines move into Enbridge Inc. crude oil storage tanks at their tank farm in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford TOKYO, Oct. 11 (Reuters) – Oil prices rose again on Monday, extending gains by several weeks as an energy crisis affecting major economies shows no signs of slowing amid an upturn …

New Delhi: Mumbai on Saturday became the first metropolitan city in the country to see diesel prices cross the 100 rupees per liter mark after the further increase in fuel prices. The price of gasoline was increased by 30 paise per liter and that of diesel by 35 paise per liter, according to a price …

The US Department of Energy is revisiting previous comments that it was considering releasing the strategic oil reserve and banning crude oil exports, Bloomberg’s Javier Blas reported on Twitter. According to Blas, the DoE does not plan to operate the SPR “at this time”. The news comes shortly after Goldman Sachs estimated that if the …

Image source: Getty Images S & P / ASX 200 Index (ASX: XJO) Energy stocks fell on Thursday as oil prices fell sharply overnight. Western Texas Intermediate fell US $ 2.8 or 3.5% overnight, from intraday highs of US $ 79.76 to US $ 76.91 per barrel. The global benchmark Brent crude briefly hit 3-year …

The PESO fell against the dollar as oil prices rose. – NB FILE PHOTO PESO weakens in the face of greenback on Thursday as oil prices hit multi-year highs. Local unit closed at 50.88 P to the dollar on Wednesday, losing 23 centavos from its 50.65 P finish on Tuesday, based on data from the …

VIENNA – Oil prices continued to rise on Tuesday, a day after the OPEC + meeting kept its back-to-supply plan unchanged, with traders taking further account of tense market conditions. The OPEC + grouping consists of the Organization of the Petroleum Exporting Countries (OPEC), Russia and their allies. OPEC + said on Monday it would …

TOKYO (Reuters) – Oil prices eased Tuesday after hitting their highest levels in years in the previous session over the decision by OPEC and major allied oil producers to maintain the restriction on supply . Brent crude was down 3 cents to $ 81.83 a barrel at 12:54 a.m. GMT, after rising 2.5% on Monday. …

TThe sudden surge in demand for biofuels is causing supply tension in the soybean oil market, which is expected to persist until 2022. Alternatives such as sunflower oil will benefit from this situation. 2021 has been an eventful year for the soybean oil market due to the growing importance given to biofuels from the United …

Gasoline and diesel prices hit new records across the country on Sunday after rates were again hiked by 25 paise and 30 paise per liter, respectively. The price of gasoline in Delhi has reached its highest level ??102.39 per liter and ??108.43 in Mumbai, according to a price notification from state-owned fuel retailers. Diesel rates …

INP 12:37 | 02 October 2021 The increase in petroleum product prices was challenged in the Lahore High Court (LHC) on Saturday. According to the details, the complainant asked to reconsider his decision as it will cause more problems for poor people. The OGRA, the federal government and other institutions were part of the petition. …

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 …

The combination of growing demand and tight supply pushed up crude prices for a fifth straight week. West Texas Intermediate on the New York Mercantile Exchange weathered Monday’s $ 1.68 drop to increase the remainder of the trading week, including a $ 1.74 jump on Wednesday. Prices rose 68 cents on Friday to close at …

LONDON (Reuters) – Oil company BP said on Thursday it had temporarily closed some of its service stations in Britain after its ability to transport fuel from refineries was hit by a shortage of truck drivers throughout industry. “We are having fuel supply issues at some of our UK retail locations and have unfortunately seen …

A worker holds a nozzle to pump gasoline into a vehicle at a gas station in Mumbai, India on May 21, 2018. REUTERS / Francis Mascarenhas / File Photo US crude inventories fall to lowest since October 2018, according to EIA High natgas prices support the rise OPEC + strives to keep prices around $ …

New Delhi: Under the aegis of the Ministry of Petroleum and Natural Gas (MoPNG), Oil and Natural Gas Corporation Limited (ONGC) organized several student visits to its oil fields in different regions of India, as part of of ‘Azadi Ka Amrit Mahotsav.’ The energy company organized visits by students from Kendriya Vidyalaya and engineering schools …

Bhupesh Baghel, Chief Minister of Chhattisgarh Raipur: Expressing resentment against the central government for not allowing Chhattisgarh to produce ethanol from paddy, Chief State Minister Bhupesh Baghel said on Tuesday that the state has infrastructure and a surplus of paddy for the production of ethanol. Addressing the inaugural event of the two-day “Vanijya Utsav” here …

Mergers and acquisitions firm ILUS International Inc (OTCMKTS: ILUS), which is primarily involved in the tech space, has seen its shares become a major player over the past week. The stock continued to be the center of attention yesterday and managed to post gains of 34%. This took his gains from last week to 100%. …

That the Biden administration and the Democratic-majority Congress set their sights on the oil and gas industry as the ultimate culprit of climate change was clear even before last year’s election. Now it looks like Washington is doubling down on its pledge to crack down on oil and gas in any way it can. But …

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford / File Photo Dollar strengthens, number of US platforms weighs on crude benchmarks Investors Consider Fed Policy Meeting This Week For Tapered Indices US Gulf oil production is gradually returning to …

State-run fuel retailers may soon raise gasoline and diesel prices due to rising international oil prices, ending month-long relief for consumers – initially due to small cuts price, then holding prices at the pump for about two weeks, people in the know said. Retail gasoline and diesel prices are likely to be affected by soaring …

Auto fuel prices in the country have maintained stability amid volatile global oil prices as crude is on the rise again. The petroleum marketing companies (WTO) kept the pump prices of automotive fuels, gasoline and diesel unchanged on Sunday, the 14th consecutive day without revision, as they preferred to wait and observe the world oil …

KARACHI: The business community has rejected the recent price hike for petroleum products and called on the government to immediately withdraw its decision, a statement said on Saturday. The Pakistan Federation of Chambers of Commerce and Industry (FPCCI) businessmen panel, while rejecting the massive increase of up to 5.92 rupees / liter, urged the government …

U.S. inventories of the most used crude oil and refined petroleum products have now fallen below 2018 levels, according to energy research service HFI Research. underline. According to data compiled by HFI Research, U.S. inventories of the so-called Big Four (crude oil, gasoline, distillate and jet fuel) are combined, below 2018 levels, according to data …

By BRIAN NGUGI More than 80% of Kenya’s estimated 2.85 billion barrel oil reservoir remains inaccessible for commercial exploitation due to limitations in extraction technology, UK oil company Tullow said in a program update exploration in Turkana County. The company said a new audit of the Turkana oil fields revealed a larger reservoir – commonly …

PPP President Bilawal Bhutto Zardari. Photo: file KARACHI: PPP chairman Bilawal Bhutto Zardari on Thursday rejected the recent “massive” price hike for petroleum products and said the government was pillaging the population. Criticizing the PTI-led federal government, the PPP chairman said: “The whole nation is crying over record inflation and Khan Sahib is fiddling with.” …

A maze of crude oil pipes and valves is pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, United States, June 9, 2016. REUTERS / Richard Carson Hurricane Ida impact cuts US supplies Brent ranging from $ 70 to $ 74 for three weeks OPEC sees Delta coronavirus variant …

Gasoline and Diesel Prices: The price of gasoline in Delhi is Rs 101.19 per liter, while diesel is available at Rs 88.62. In Mumbai, gasoline is sold at Rs 107.26 while diesel costs Rs 96.19 Representative image. Bernard Gagnon / Wikimedia Commons Gasoline and diesel prices remained static on Sunday. In Delhi, gasoline costs Rs …

Brent added 23 cents, or 0.32% to $ 72.83 a barrel at 02:21 GMT and West Texas Intermediate (WTI) crude rose 15 cents, or 0.22%, to $ 69.45 a barrel . SINGAPORE: Oil prices rose for a second session on Thursday, recovering from earlier losses as lower US production in the Gulf of Mexico following …

Through Sheela Tobben to 9/4/2021 (Bloomberg) – The United States is granting a second Louisiana refiner access to the country’s emergency crude stocks, as most oil rigs in the Gulf of Mexico remain offline after Hurricane Ida. Placid Refining Co. will receive 300,000 barrels of crude from the Strategic Petroleum Reserve, the Energy Department said …

Kelyniam Global Inc. (OTCMKTS: KLYG) jumped 293% last week after reporting its second quarter 2021 financial results. The company reported total revenue of $ 1.224 million, a decrease of 3.25 % of revenue from $ 1.27 million a year ago. Additionally, Kelyniam’s operating profit was $ 47,167 compared to $ 181,395 a year ago, while …

On August 29, 2021, gasoline and diesel prices remained unchanged for the fifth day in a row across the country. State-owned petroleum marketing companies (WTO) did not raise gasoline and diesel prices on Sunday. In the national capital, the price of a liter of gasoline sells for Rs 101.49 per liter and diesel is available …

The Biden administration, along with U.S. intelligence and military agencies, were stunned by the gains the Taliban made in seeing them seize the Afghan capital Kabul and take power earlier this month. The rapid collapse of the US-backed government and its security forces came as a total surprise to Washington. The assassination in early July …

LONDON (Reuters) – Hedge funds have sold oil for the seventh time in nine weeks, as rising coronavirus infections in major oil-consuming markets dampened hopes of a rapid recovery in aviation from long-haul passengers. FILE PHOTO: A pumpjack is seen in Fellows, Calif. April 3, 2010. REUTERS / Lucy Nicholson Hedge funds and other fund …

Oil futures worried about the impact of COVID on prices from the pressure of energy demand since May on Wednesday, despite US government data revealing a weekly drop of more than 3 million barrels national stocks of crude oil. Post the lowest payout for. EIA figures showed a decrease in crude and distillate inventories and …

The enthusiasm for the entry into force of the long-awaited Petroleum Industry Law has sparked a new wave of optimism that the planned wave of investment in the petroleum sector and the planned removal of fuel subsidies will boost simultaneously the supply of currencies and will reduce market pressure. , reports Festus Akanbi For obvious …

SINGAPORE (Reuters) – Oil prices were flat Thursday after two days of gains after a call from the United States, the world’s largest consumer of oil, to major producers to increase production. Brent crude futures edged up 5 cents to $ 71.49 per barrel at 2:16 GMT, while US West Texas Intermediate (WTI) crude futures …

Stocks fell on Monday, losing momentum after hitting all-time highs late last week. Commodity prices fell as concerns over the spread of the coronavirus resurfaced, with crude oil prices trending sharply lower. The S&P 500 fell as shares of oil companies such as Occidental Petroleum (OXY), Apache Corporation (APA) and Diamondback Energy (FANG) fell. The …

The sharp rise in domestic prices and the fall in international prices from the peak have meant that the automotive fuel net trade margin is on track to be in line with our estimate for FY22 of Rs 2.5 / l. IOC GRM is low during FY22-TD and diesel crack recovery is critical for GRM …

DUBAI: Saudi Aramco and other Gulf oil producers follow in Abu Dhabi with plans to raise tens of billions of dollars through sale of stakes in energy assets, capitalizing on rebound in crude prices to attract foreign investors. The movements, in a region traditionally possessive of its refineries, power plants and pipelines, highlight the pressure …

Oil futures fell slightly on Friday, after a three-session rise that allowed prices to rebound from Monday’s decline to the lowest settlements since May. “Traders weren’t sure whether the OPEC + deal was bullish, representing continued cohesion, or bearish, signaling more oil in the market,” Michael Lynch, president of Strategic Energy & Economic Research, told …

Gasoline and diesel prices are at an all time high in India. The prices of domestic fuels have risen sharply since the beginning of May. After an 18-day gap, state-run oil marketing companies resumed daily fuel price revisions on May 4. Since then, the price of gasoline has increased by Rs 10.88 per liter and …

Fuel prices remained unchanged today for the third day in a row, but still remained at record highs in the subways given the continued rise in prices in recent months. Gasoline sells for ₹101.84 in Delhi, while diesel at ₹89.87. In India’s financial capital, Mumbai, gasoline is sold to ₹107.83 per liter, while diesel reached …

ANI | Update: Jul 18, 2021 8:28 AM STI Islamabad [Pakistan], July 18 (ANI): The Pakistan People’s Party (PPP) criticized the ruling Imran Khan government for raising the prices of oil and commodities in the country.Former Senate Speaker Senator Mian Raza Rabbani said Pakistan’s Tehreek-e-Insaf government was giving concessions to the elite by removing subsidies …

KARACHI: The Panel of Businessmen of the Pakistan Federation of Chambers of Commerce and Industry (FPCCI) rejected the increase in the prices of petroleum products for the second consecutive fortnight before Eid-ul-Azha, a statement said on Saturday. The government has authorized a price hike for petroleum products and liquefied petroleum gas (LPG) at a time …

Dubai: Dana Gas, a private company in the United Arab Emirates, generated revenues of 678 million dirhams in the first six months from its operations in the Kurdistan region of Iraq and Egypt – its best result in five years. Dana Gas owns a 35% stake in Pearl Petroleum at KRI, and sales of condensate, …

A worker unloads crates of tomatoes from a truck at a vegetable store in Coonoor, Tamil Nadu | Representative image | Dhiraj Singh | Bloomberg file photo Text size: A- A + New Delhi: Inflation based on wholesale prices eased slightly to 12.07% in June, as crude oil and food products experienced some weakening in …

Stating that the issue of inflation and rising fuel prices will dominate the session of parliament from July 19, top Congress leader Mallikarjun Kharge said on Monday that the Center raised 25 lakh crore through the fuel tax, but that it does not use that fund for welfare. people or give it to state governments. …

Alberta’s February budget hadn’t even been tabled before rising crude prices overwhelmed its cautious earnings outlook. On February 24, West Texas Intermediate closed at US $ 61.39 per barrel, more than a third above the budget estimate of $ 46 for fiscal year 2021-22. Four months later, oil prices rose again – briefly touching a …

The recovery in the price of oil has taken a boot off Royal Dutch Shell’s neck. The second boot of the energy transition remains firmly in place. Europe’s largest oil major by market value on Wednesday reported strong second-quarter operating results and said it would boost shareholder returns. It will pay 20-30% of second quarter …

Illustration: Ramandeep Kaur Text size: A- A + New Delhi: Crude oil and edible oil have been the two main commodities that have driven inflation up in the country in recent months. Their prices have risen sharply over the past six months, mainly due to the high taxes the government imposes on them. As gasoline …

In an interview with PTI, Chakraborty – the director of the National Institute of Finance and Public Policy (NIPFP) – said that high inflation is certainly a concern and that there is a need to stabilize inflation at a level manageable. “I think this debate started at the start of the pandemic and printing money …

As July enters its first week, fuel budgets are not really favorable to consumers, as oil prices are expected to rise again this week, especially for gasoline-based products, although a hiatus is scheduled for kerosene-based products. 16823 As inferred from the oil companies‘ initial calculation, prices will increase from P 0.55 to P 0.65 per …

Oil maintained its gains and remained near US $ 75 a barrel after the Organization of the Petroleum Exporting Countries and their allies (known as OPEC +) delayed a much-anticipated decision on raising levels of production. New York oil futures traded close to US $ 75 after jumping 2.4%. OPEC + was forced to postpone …

New Mexico’s oil and gas production this spring is back to levels not seen since the COVID-19 pandemic hit the state and nation last year, propelling the Land Enchantment to overtake Dakota from North as the second largest oil producer in the United States In April 2020, a month after the onset of the health …

U.S. operators have completed, started construction or announced a total of 19 petroleum liquids pipeline projects so far this year, the Energy Information Administration (EIA) mentionned Friday. Two pipelines have so far been completed in 2021, while 17 projects are either under construction or announced, according to the latest data from the EIA’s Liquid Pipeline …

The OPEC logo pictured before an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS / Ramzi Boudina NEW DELHI, June 24 (Reuters) – India’s Petroleum Minister Dharmendra Pradhan on Thursday again urged the Organization of the Petroleum Exporting Countries to phase out crude …

As fuel prices continue to dig into the pockets of all consumers, Dharmendra Pradhan, Union Minister of Oil and Natural Gas, reiterated that gasoline’s upward trajectory is driven by global prices rough. “There has been a rise in the prices of crude oil in the international market. One of the main reasons for the rise …

Fuel Prices: National gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and diesel prices today: PGasoline and diesel prices were increased in subways on Tuesday, June 22, 2021, according to information provided by Indian Oil Corporation (IOC). In New Delhi, gasoline prices were increased by 28 paise …

Through Erik Schatzker, Alex Vasquez and Patricia Laya at 06/21/2021 Venezuelan Oil Minister Tareck El Aissami (Bloomberg) – In Venezuela, queuing at a gas station – sometimes for days – has become so routine it’s hard to imagine life without. But go see Tareck El Aissami, the Minister of Oil, and you will find that …

The regime of former Prime Minister Dr Manmohan Singh is today blamed for the plight of consumers. New Delhi: A “financial fraud” played by the government of the UPA (2004-2014) using the instrument of oil bonds is responsible for the suffering of Indian consumers today, according to government sources. They also accused the “non-politicians” in …

Last month, on May 14, China announced a new tax on the consumption of mixed aromatics, light cycle oils and bitumen blends, which is expected to be instituted less than a month later on June 12. . keeping a close eye on Chinese oil consumption to see what impact the consumption tax of 1,218 yuan …

As global oil prices edged up to $ 73 a barrel by the end of the trading week, Filipino consumers will be in even more of a hurry next week, with domestic pump prices expected for larger increases. Based on the calculations of the oil companies, gasoline prices could climb by 0.70 to 0.80 P …

Fuel Prices: National gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and Diesel Prices Today: Gasoline and diesel prices were hiked in all four subways on Friday, June 18 to new all-time highs, according to Indian Oil Corporation. In Delhi, gasoline prices were increased by 27 paise …

Fuel Prices: National gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and Diesel Prices Today: Gasoline and diesel prices are unchanged across all four subways on Thursday, June 17, according to Indian Oil Corporation. In Delhi, gasoline prices are stable at Rs 96.66 per liter and diesel …

Fuel prices today: National gasoline and diesel prices vary from state to state due to VAT Gasoline and Diesel Prices Today: Gasoline and diesel prices were again increased in all four subways on Wednesday, June 16, according to Indian Oil Corporation. In Delhi, gasoline prices were increased by 25 paise from Rs 96.41 per liter …

Gasoline and Diesel Rates Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Gasoline and diesel prices remained unchanged on Tuesday, after undergoing a rate revision just a day ago. The price of gasoline in Delhi today costs Rs 96.41 per liter, while diesel in the capital sells today for Rs 87.28 per liter. Rates have been …

The government has said that an additional RM4.22 billion is expected to be spent this year on fuel subsidies due to rising global oil prices, Malaysian mail reports. The amount will be used to maintain the price ceilings that have been set for gasoline, diesel, liquefied petroleum gas (LPG) and RON 95 cooking oil, said …

Iraq, OPEC’s second-largest oil producer, said crude prices would hover between $ 68 and $ 75 a barrel in the second half of the year. The price range is expected due to a commitment to OPEC + production has declined, Iraqi Oil Minister Ihsan Abdul Jabbar told reporters at the Baghdad International Book Fair. The …

On June 1, 2021, Jeremy Schwartz, Global Head of Research at WisdomTree and regular host of the Behind the Markets podcast, was joined by Mobeen Tahir, Associate Director of Research at WisdomTree, to welcome Erik Gilje, Professor of Finance at the University of Wharton School of Business in Pennsylvania. The topic was petroleum, and the …

By Laila Kearney NEW YORK (Reuters) – Oil prices hit new multi-year highs on Friday, closing a third straight week of gains on an improving outlook for global demand as rising COVID-19 vaccination rates help curb the pandemic. Brent crude futures were at $ 72.69 a barrel, up 17 cents after hitting their highest level …

Through Andres Guerra Luz at 6/10/2021 (Bloomberg) –Oil hit its highest level in more than two years, supported by higher-than-expected U.S. inflation data and prospects of strong demand. Futures in New York rebounded after falling 1.8% earlier Thursday, following news of the removal of US sanctions against a former Iranian oil official. Crude found support …

Canada’s oil and gas industry is increasingly optimistic about its near-term future as economies recover and oil prices recover. Yet the industry faces growing challenges in the medium to long term, primarily in the form of the never-ending battle over pipeline carrying capacity and the environmental and activist emergency of shareholders to hold the oil …

Oil prices rose for a second session on Wednesday on signs of strong demand for fuel in Western economies, as the prospect of a return to Iranian supplies faded as the US Secretary of State faded. said sanctions against Tehran were unlikely to be lifted. Brent crude futures rose 32 cents, or 0.4%, to $ …

Oil prices extended Tuesday’s losses on profit taking and a stronger US dollar, but general optimism about the recovery in demand kept prices low. Brent crude was down 37 cents, or 0.5%, at $ 71.12 a barrel at 1:35 p.m. GMT, after falling 0.6% on Monday. US West Texas Intermediate oil fell 27 cents, or …

RICHMOND, Va. (WHSV) – After 10 days of stability, AAA reports that the national gas price average rose by a dime over the weekend, but the Virginia average fell by a dime for the week and 17 cents from last month. Harrisonburg is also said to be down a cent. AAA says prices are set …