oil prices
Fuel prices remain unchanged in the subways. See prices
Gasoline prices: Fuel prices have remained stable in metros despite a surge in crude prices around the world Gasoline and diesel prices today: Fuel prices remained unchanged in metropolitan cities on Sunday, March 13, 2022. Prices have held steady for more than four months despite international crude oil prices rising to over $100 a barrel, …
Police warn drivers to protect themselves from petrol theft as oil prices soar
Sanctions against the Russian oil producer for its invasion of Ukraine have pushed up fuel prices already inflated by lower production due to the Covid-19 pandemic. That means Americans returning to commuting and travel face increased costs at the pump on top of two years of financial hardship. Some police departments are calling for increased …
Oil prices are “killing us”; Prince Edward Island residents react to escalating costs
CHARLOTTETOWN, PEI — A Cornwall man rubbed his face with both hands in exasperation after filling containers with fuel oil and loading them into the back of his truck in Charlottetown on March 8. “It’s killing us,” Bryden Dockendorff told SaltWire Network after he and his father, Gordon, loaded a 45-gallon drum and jerrycan with …
Hibiscus Petroleum up 9.68% amid active trading as high oil prices likely to boost its earnings
KUALA LUMPUR (March 7): Hibiscus Petroleum Bhd rose 12 sen or 9.68% to RM1.36 amid active trading on Monday morning as an analyst forecast high oil prices will boost its earnings. At the midday break, the stock stood at RM1.35, still up 11 sen or 8.87%. The counter, which was the most actively traded stock …
Energy chief says local oil prices ‘will suffer’ if war between Ukraine and Russia persists
MANILA, Philippines — Energy Secretary Alfonso Cusi said on Wednesday rising pump prices in the country would be hit harder if the war between Ukraine and Russia escalates further. Even though the country has ample supply, Cusi encouraged the public to save on petroleum products for the time being. “If the war [between Ukraine and …
There will be no direct impact of the Russian-Ukrainian crisis on India: report
Business oi-Vipul Das | Posted: Monday February 28th 2022, 12:58 PM [IST] Conflicts between Russia and Ukraine are still boiling and global markets have been weighed down by uncertainties surrounding the crisis. The turmoil had a significant global economic impact, with stock markets and currencies plummeting, gold prices rising and crude oil prices hitting their …
High crude oil prices: FG moves to leverage global advantage and ramp up production
The federal government said it would step up efforts to boost crude oil production to take advantage of global oil prices, hinting it would reach full production by the end of the year. The move comes at a time when the global price of crude oil has reached over $100 a barrel following the Russian-Ukrainian …
Petrol prices Sydney, Melbourne, Brisbane: Expert reveals reason for huge fuel costs
An expert has revealed what is behind soaring petrol prices in Australia as motorists continue to experience pain at the pump. The pandemic and international conflict are to blame for fuel prices in Australia soaring as hundreds of pumps start charging upwards of $2 a litre. The insight comes as fuel costs have fluctuated wildly …
Oil prices up sharply for 8th time – Manila Bulletin
With global oil prices rising slightly, heavy domestic oil pump cost adjustments are again expected next week for this year’s 8th cycle. Based on last week’s international trade results, it was estimated that petrol prices will increase by P0.95 to P1.05 per litre; diesel from P0.55 to P0.65 per litre; and kerosene prices will rise …
Market views: where to invest in a context of record oil prices? | Fund managers
Oil prices have soared in recent months, driven by a growing imbalance between supply and demand as well as heightened geopolitical risks. The price of a barrel of Brent had increased by 50% in 2021, and by an additional 20% since the start of this year. On Wednesday, Dated Brent hit $100.8 a barrel for …
The world uses a lot more oil than we thought
The group released its latest monthly report on Friday, revising its historic oil demand figures since 2007. Yes, it’s true, over the past 15 years the world has used more oil than the leading agency thought. watchdog that advises consumer governments. . The story continues under the ad The changes are not small. At 2.9 …
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Oil prices steady at $90/bbl, Iran supply outlook adds pressure
Crude oil storage tanks are seen in an aerial photograph of the Cushing Oil Hub in Cushing, Oklahoma, U.S., April 21, 2020. REUTERS/Drone Base Join now for FREE unlimited access to Reuters.com Register Iran nuclear talks resume Tuesday in Vienna US production expected to reach 12 million bpd in 2022 – EIA Macron calls for …
From gasoline, diesel rates to changing the price of jet fuel. Know the major changes before the budget
New Delhi: Petrol and diesel prices saw no change on Tuesday before the finance minister unveiled the Union’s budget for the financial year 2022-23 at 11am. Prices were unchanged for the 88th day, the longest on record, according to a price notification by state-owned fuel retailers. Prices held steady as the government reduced excise duties …
Soaring oil prices should keep the rupiah under pressure
KARACHI: Soaring global crude oil prices are expected to keep the rupiah under pressure despite the move by the State Bank of Pakistan (SBP) to support the local currency. Rising international oil prices coupled with the country’s declining foreign exchange reserves have kept the rupiah under pressure over the past week. The rupee fell 53 …
Motorists have warned that record petrol prices could persist for weeks
In Melbourne, the average unleaded price per liter also rose 7% this month, from $1.51 to $1.62. Hobart’s average price hit a record high of $1.81, while Brisbane rose 16% to $1.76, according to data compiled by the Australian Institute of Petroleum (AIP) and oil tracker website. FuelPrice Australia. “We have paid record prices across …
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SC gas prices rise slightly, stay at $3 a gallon
CHARLESTON, SC (WCSC) – Gas prices in South Carolina have risen slightly over the past week and oil analysts say further increases are possible. The average pump price rose 0.4 cents last week in the state, according to GasBuddy’s weekly survey of some 3,000 gas stations statewide. The average price of a gallon of regular …
Nepal Oil says bankrupt, further price hikes expected
The Nepal Oil Corporation has filed for bankruptcy despite fuel prices rising to near record highs. Insiders say the state oil monopoly’s announcement of empty coffers could be a prelude to further price hikes. The high cost of fuel is digging deeper into consumers’ pockets, and monthly consumer price inflation hit a 64-month high in …
Increase revenues, not prices
LAHORE: Prices will remain unchanged or rise further if the rupee is traded at its current value, oil rates will also continue to rise, interest rates will also remain twice the world average and utility rates will be also periodically improved. Government officials are creating false hopes that prices will drop in the coming months. …
Petrol and diesel prices unchanged in metropolitan cities: see fuel prices here
Gasoline and diesel prices remained unchanged across the country on Friday. Last month, the Delhi government reduced the value added tax on petrol from 30% to 19.40%. With this, petrol prices in the nation’s capital have been reduced by Rs 8.56 per litre. As a result, a liter of petrol costs Rs 95.41 in Delhi, …
Gas prices rise as oil remains “stubbornly strong”
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 …
Omicron should not reduce oil demand and economic activity
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 …
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Oil price rises as Kazakh unrest worsens supply problems
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 …
Gasoline and diesel prices remain stable: check fuel prices here
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 …
Oil Prices Fall as Omicron See Reduced Fuel Demand and Global Supply Glut | City & Business | Finance
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 …
Government increases gasoline and diesel prices by Rs 4 per liter
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 …
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Oil prices stable as US oil inventories decline but Omicron weighs in
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 …
N1trn in 10 months … how oil subsidy payments weighed on Nigeria’s income in 2021
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 …
Russian crude oil production set to increase in 2022 despite demand concerns
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 …
Global Crude Oil Prices Post Weekly Loss on Omicron Uncertainty, Energy News, ET EnergyWorld
NEW YORK: Oil prices fell on Friday and were also down during the week as increasing cases of the Omicron coronavirus variant raised concerns that further restrictions would affect fuel demand. “There are concerns about COVID that will not go away, and the perception that may be weighing on demand is putting pressure on the …
Lowest gasoline price in the world
New Delhi: The price of gasoline has been a major topic of discussion in India for some time now. Especially after prices hit the 100 rupee mark in June 2021. Supply chain bottlenecks as well as bottlenecks affecting the mining and refining sector, oil prices have skyrocketed during the crisis of Covid-19. But did you …
What is going on with fertilizer prices?
Over the past year, farmers have watched fertilizer prices climb with little to no hope for a price break on the horizon. Urea fertilizer cost Matt Miles—a corn, soybean, rice, and cotton farmer in Arkansas—$400 per ton for the 2021 growing season. At $1,100 per ton, Miles faces a 175% price increase for the 2022 …
Nervous oil market could trigger Permian consolidation
The U.S. shale industry first experienced a wave of consolidation in 2015 when prices fell after Saudi Arabia fully turned on the taps in response to growing shale production. Since then, consolidation has continued, albeit unevenly. But he’s about to get some extra momentum. According to industry executives, the recent increase in price volatility will …
Inflation data for the United States, China, oil prices
SINGAPORE – Asia-Pacific markets fell on Friday as investors assess risks associated with new omicron Covid variant and anticipate key US inflation data Japan’s Nikkei 225 extended losses from the previous session and fell 1% to 28,437.77. The Topix index fell 0.77% to 1,975.48. In South Korea, the Kospi lost 0.64% to 3,010.23 while the …
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Oil stabilizes near $ 75 as investors assess Omicron’s impact
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 Register now for FREE and unlimited access to reuters.com Register Oil made gains earlier this week after last week’s collapse UK PM to announce new restrictions – reports …
Explained: How Omicron’s Persistent Concerns Could Temper Fuel Prices
A drop in international crude oil prices over concerns over the Omicron variant of the virus that causes Covid-19 could, if it persists, end up driving down the price of gasoline and diesel for consumers in India, as well. than in other countries. Indian express examines recent developments in crude oil prices and their potential …
OPEC was in decline. Soon he might be more powerful than ever
But with the demand for crude rising as the impact of the pandemic wears off, that no longer appears to be the case. OPEC +, which brings together the Organization of the Petroleum Exporting Countries and allies like Russia, is once again showing dynamism. The group’s refusal to accede to US President Joe Biden’s calls …
The prices of gasoline and diesel remain unchanged for 26 consecutive days. See prices
In Delhi, gasoline is currently sold at Rs 103.97; while the diesel rate stood at Rs 86.67. Gasoline and Diesel Prices Today: Fuel prices were unchanged for 26 consecutive days on Tuesday. Earlier on November 4, the government reduced excise taxes on gasoline and diesel to lower rates slightly from record levels. In the national …
Nasla Tour, Oil Prices, PTI Convention, Thal Jeep Rally
Here are some of the developments that we will be following today, Sunday, November 28, 2021. The demolition of Karachi’s Nasla Tower remains unfinished on the fifth day since work began on Wednesday. Authorities in Karachi managed to disperse the protesters on Friday, but the possibility of more protests lurks around the corner. Now, the …
VOX POPULI: Living up to our climate rhetoric means accepting rising oil prices
Gasoline was “as vital as blood in the battles to come,” French Prime Minister Georges Clemenceau (1841-1929) said during World War I. With these words, he tried to convey his country’s urgent need for help from the United States, which at the time was the world’s largest oil producer, according to the book “The Prize: …
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Oil prices at 7-week low but under pressure as release of reserves considered
A worker takes a sample of crude oil from an oil well operated by the Venezuelan state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS / Carlos Garcia Rawlins Register now for FREE and unlimited access to reuters.com Register now US pushes OPEC + again as it considers release of reserves Japan has …
Gasoline and diesel prices fall after the reduction in excise duties; See fuel prices
Price of gasoline, diesel today: Gasoline and diesel prices remained unchanged for the 18th consecutive day on November 20, Saturday. Gasoline and diesel prices have remained the same since the central government reduced excise taxes on gasoline and diesel. Motor fuel prices have been reduced by Rs 5 and Rs 10. In addition, several states …
Invest more, don’t wait for zero risk, FM tells industry
Finance Minister Nirmala Sitharaman has urged companies to increase investment and expand capacity without waiting for risks to subside, as depressed private investment forces government to increase spending on public works programs to mitigate the impact of the pandemic. Speaking at the CII World Economic Policy Summit on Wednesday, Sitharaman said economic recovery will always …
Morrison and Joyce make false claims about oil prices
Australia’s two most senior politicians have made extraordinary and false statements about oil prices this week. On Monday, Prime Minister Scott Morrison said oil prices would rise more than not if his government was sacked. But he provided no evidence to support his claim – even when asked. Deputy Prime Minister Barnaby Joyce continued Tuesday …
Oil prices stabilize after falling on signs US may release more reserves – Markets
SINGAPORE: Oil prices were flat Thursday after falling in the previous session amid fears of rising inflation in the United States, spurred by rising energy costs, could prompt the government to release more strategic crude stocks to lower prices. On Wednesday, Brent crude futures fell 2.5% and West Texas Intermediate (WTI) futures fell 3.3% after …
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Occidental Petroleum Doubles Profits Thanks to Rising Oil Prices
The Occidental Petroleum logo is displayed on a ground display at the New York Stock Exchange (NYSE) in New York, United States, April 30, 2019. REUTERS / Brendan McDermid HOUSTON, Nov. 4 (Reuters) – Occidental Petroleum Corp (OXY.N) more than doubled third-quarter profit to $ 836 million from the previous three months, the company said …
Gasoline and diesel prices remain unchanged after seven consecutive days of increases
In Delhi, gasoline and diesel prices were Rs 110.04 and Rs 98.42 per liter respectively. Gasoline and Diesel Prices Today: Fuel prices remained unchanged on Wednesday, November 3, after rates were hiked for seven consecutive days. In the nation’s capital, gasoline and diesel prices were Rs 110.04 and Rs 98.42 per liter respectively, according to …
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Oil Rises Demand Outlook Despite Release of China’s Fuel Reserves
Oil and gas tanks are seen in an oil warehouse at a port in Zhuhai, China on October 22, 2018. REUTERS / Aly Song Kuwait, Iraq say OPEC + should stick to increased targets China releases gasoline and diesel reserves to boost local supply Biden pushes G20 energy-producing countries to increase production Nov. 1 (Reuters) …
Oil prices remain unchanged amid opposition protests – Journal
ISLAMABAD: Amid relentless protests from opposition parties against rising prices and rising unemployment in the country, Prime Minister Imran Khan on Saturday rejected the proposal by the Oil and Gas Regulatory Authority (Ogra) to increase oil prices and decided to keep them unchanged for the next fortnight. The prime minister made the decision “taking into …
Iran News lowers oil prices | Rigzone
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) In this week’s edition of the successes and failures of the oil and gas industry, regular Rigzone market watchers looked at oil prices, the potential restart of Iranian nuclear …
Oil prices rise, as Saudis dismiss supply concerns as demand increases
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 …
Oil price up 1.20 P / l, 9th in a row
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 …
Drivers and farmers see fuel price pinch “worse than a pandemic”
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 break through $ 1.50 barrier in New Brunswick for the first time
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 …
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Global Oil Refiners Increase Production As Margins Return To Pre-COVID Levels
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, …
Fawad justifies rising fuel prices, links to global oil rates
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 …
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Oil prices hit three-year high due to forecast supply shortfall
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. …
Gas prices skyrocket as global energy crisis deepens
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 …
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Crude surges on global energy crisis; American oil at its highest for 7 years
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 …
Diesel Breaks Rs100 Barrier In Mumbai, Fuel Prices Rise Again, Energy News, ET EnergyWorld
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 …
Oil prices rebound as US backs off plan to exploit strategic oil reserves
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 …
ASX 200 energy stocks pull back as oil prices pause
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 …
Peso weakens against dollar amid rising oil prices
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 …
OPEC + sticks to plan to gradually increase oil production as prices skyrocket
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 …
Oil Prices Decline Slightly Following Surge in OPEC + Supply Restriction | WSAU News / Talk 550 AM99.9 FM
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. …
Tight supply in soybean oil market paves way for sunflower oil
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 rose today for the fourth day in a row. Consult the latest prices
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 …
The rise in oil prices contested in the LHC
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. …
Crude Oil Prices Will Follow ‘Whale Oil’ Path As Demand Peaks, Says ARK’s Cathie Wood
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 …
Rising Natural Gas Prices Will Boost Exxon Third Quarter Profits
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 …
Rising fuel prices: Diesel at record high, gasoline nears record high as rates rise again
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 price can reach 1750p if crude oil prices reach $ 90
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 …
Why hedging oil purchases is a win-win situation for Kenya
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 surpasses $ 80, highest in nearly three years | Business and Economy News
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 …
Pakistan has lowest petroleum prices, Senate says
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 …
Weekly Fundamental Oil Price Forecasts
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 …
Nigeria aims to increase oil production in 2022
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 …
The resurgence of COVID-19 has not significantly changed the outlook for oil
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 …
Oil prices near $ 74, their highest level since July
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 …
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Oil Prices Rise To Two-Month Highs Amid Supply Concerns
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 $ …
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Oil drops to $ 74 due to US Gulf risk aversion and production
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 …
Gasoline and diesel prices could rise as global oil prices rise to record highs
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 …
Fuel Prices Steady for Two weeks amid volatile global oil market, Energy News, ET EnergyWorld
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 …
Businessmen reject rising prices for petroleum products
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 …
80% of Kenya’s crude oil in Turkana cannot be tapped, says Tullow
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 …
Bilawal rejects ‘massive’ oil price hike
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.” …
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Oil hits one-week high as US supply concerns dominate
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 …
Oil gains for 2nd session as lower US production supports, Auto News, ET Auto
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 …
Gasoline and diesel prices today: Fuel rates remain static for fifth day in a row | Check out the latest prices here
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 …
Could Venezuela become the Afghanistan of Latin America?
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 …
Oil hedge fund optimism fades: Kemp
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 …