World food prices surged in October, hitting an 18-month high and marking the highest level since April 2023. The increase was driven largely by a 7.3% spike in vegetable oil prices, with gains seen across most staple food categories. According to the United Nations Food and Agriculture Organization (FAO), the FAO Food Price Index (FFPI) […]
World food prices hit 18-month high in October – UN Read More »
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Oil prices end higher as traders weigh potential Trump policies Read More »
JOHANNESBURG – After nearly five months of relief at the pump, South African motorists faced a sharp increase. The culprits are soaring Brent crude oil prices and rising petroleum product costs. For South African consumers, this hike means more pressure on already strained finances, contributing to higher living costs and exacerbating inflationary pressures. WATCH |
Discussion | South Africans feel the pinch as fuel prices climb Read More »
U.S. stocks drifted ahead of a momentous week full of potential flashpoints, while oil prices climbed and Treasury yields dropped By The Associated Press November 4, 2024, 4:22 PM U.S. stocks drifted ahead of a momentous week full of potential flashpoints, while oil prices climbed and Treasury yields dropped. The S&P 500 slipped 0.3% Monday,
How major US stock indexes fared Monday, 11/4/2024 Read More »
By Michael Kern – Nov 04, 2024, 8:21 AM CST Updated: Nov 04, 2024, 11:54 AM CST Pipeline Pinch Squeezes Permian Oil Prices The price difference between U.S. shale oil in West Texas and at the Houston export hub has significantly widened in recent months. This is primarily due to a shortage of pipeline capacity
Oil Market News: Oil Prices Jump as OPEC+ Delays Output Hike Read More »
Oil companies on Monday said that the prices of diesel and kerosene will go up this week but the cost of gasoline will slightly go down. Shell and Cleanfuel said that they will raise the cost of diesel by P0.75 per liter and lower gasoline prices by P0.10 per liter. Kerosene prices will also rise
Diesel, kerosene prices up this week Read More »
Rivian offers $3,000 off select EVs to gasoline, hybrid vehicle drivers Rivian Early November typically kicks off the run-up to the Black Friday sales season, and this year, Rivian is betting it’s the perfect time to lure gasoline drivers toward its EVs. If you own or lease a vehicle that runs on gasoline, which means
Rivian offers $3,000 off select EVs to gasoline, hybrid vehicle drivers Read More »
Gasoline fuels most light-duty vehicles, such as passenger cars and pickup trucks. Heavy-duty vehicles, like buses, delivery trucks, and long-haul tractor-trailers, typically run on diesel. Both fuel types are needed because gasoline and diesel engines have different strengths. As my automotive engineering students learn, this makes them suitable for different uses. Let’s start with what
Why Do We Use Gasoline for Small Vehicles and Diesel Fuel for Big Vehicles? Read More »
From November 1, petrol and high-speed diesel (HSD) prices are likely to decline by Rs 2 to Rs 3 per litre, attributed to the recent decrease in global oil prices. Over the last two weeks, global petrol prices decreased by about $1.5 per barrel, while HSD saw a reduction of $2.5 per barrel. This decline
Here’s How Much Petroleum Prices Expected to Decrease from 1st November Read More »
Prime Minister, Mostafa Madbouly, announced that after the recent fuel price hike, the third in 2024, Egypt’s government would hold off on any further increases until the end of 2025, provided that global oil prices remain stable at an average of USD 73 (EGP 3,547) per barrel. The Ministry of Petroleum and Mineral Resources announced
Prime Minister Confirms No Further Fuel Price Hikes Until 2025 Read More »
