The emergence of electric vehicles (EVs) is cutting into oil consumption, says Erik Norland, chief economist of CME Group | Photo Credit: iStockphoto Crude oil prices are following Chinese growth with a one-year lag, and the same holds good for prices of corn, soyabean and soyabean oil, a top CME Group official has said. “This […]
Crude oil and agri markets tailing Chinese growth with a year’s lag Read More »
August 18, 2025 | 10:21am Undated photo shows a gas station attendant pumping fuel into a vehicle while holding a motorist’s payment. The Philippine STAR / Michael Varcas, File MANILA, Philippines — Gasoline will see another price hike on Tuesday, August 19, capping five weeks of fluctuating adjustments, while diesel and kerosene prices head for
Aug. 19: Gasoline prices climb as diesel, kerosene fall after US-Russia talks Read More »
PRIME Minister Kamla Persad-Bissessar expressed shock over a report revealing that Trinidad and Tobago has imported $9 billion worth of kerosene. Persad-Bissessar emphasised the urgent need to reopen the former Petrotrin refinery, which previously produced kerosene and other products now being imported. Speaking on Monday at a United National Congress (UNC) meeting at Camden Hall,
$9B on kerosene? PM says it’s time to restart the refinery Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Aug 12, 2025, 8:39 PM CDT Oil prices were trading relatively flat in early Asian trading on Wednesday, following losses in the previous session as traders weighed signs of slowing U.S. demand and awaited inventory data from the EIA. At the
Oil Prices Steady in Early Asian Trading After Dropping on Tuesday Read More »
By Editorial Dept – Aug 08, 2025, 8:30 AM CDT Light crude oil futures posted steep losses this week, with prices sliding over 5% to settle near $63.85. The sharp selloff was fueled by a wave of bearish fundamental developments—including an OPEC+ supply boost, escalating trade disputes, softer U.S. crude exports, and uncertainty surrounding Russian
OPEC+ Output Hike and Trade Frictions Send Oil Prices Tumbling Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Aug 06, 2025, 10:38 PM CDT Oil prices recovered in early Asian trade on Thursday after Trump escalated trade tensions by announcing steep tariffs on Indian imports. A surprise 3 million barrel draw in U.S. crude inventories helped to
Oil Prices Rise After Trump Targets India’s Imports Read More »
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Oil prices rebound from 5-week low on Trump threats on Russian crude buyers Read More »
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Aug 05, 2025, 3:58 PM CDT The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, shrinking by 4.2 million
Strong Crude Draw Jolts Oil Prices Read More »
Femi Otedola, a Nigerian billionaire businessman, has opened up on how he was hit by misfortune in 2009. He said the sharp drop in oil prices, combined with a naira devaluation from N120 to N167 per dollar in 2009, led him to lose $480 million and $258 million, respectively. Otedola, now chairman of Geregu Power
How I lost $898m to Naira devaluation, oil, stock market dips — Femi Otedola Read More »
By Charles Kennedy – Aug 04, 2025, 9:09 PM CDT Gasoline prices in Russia hit a record high after Ukrainian drone strikes damaged key refineries, cutting crude processing by 40,000 tons per day. A Kremlin-imposed gasoline export ban has failed to stabilize the market amid peak seasonal demand and low domestic stockpiles. Analysts warn the
Russia’s Gasoline Prices Surge to Record High on Refinery Attacks Read More »
