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 – Jun 18, 2024, 3:41 PM CDT Crude oil inventories in the United States rose this week by 2.264 million barrels for the week ending June 14, according […]
Oil Prices Hold Up Against Falling U.S. Crude Oil Inventories Read More »
MANILA, Philippines — Fuel prices will go up this week, oil firms said Monday, a week after pump prices were lowered. Shell and Caltex said that they will raise gasoline prices by P0.85 per liter, diesel by P1.75 per liter and kerosene by P1.90 per liter. Last week, oil companies lowered the prices of gasoline,
Fuel prices to rise this week Read More »
Oil prices climbed about 3% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the U.S. Federal Reserve will leave interest rates higher for longer. The Fed hiked interest rates aggressively in 2022 and 2023 to tame a surge in inflation. Those
Oil prices up 3% to one-week high on hopes of higher summer fuel demand Read More »
WTI price continues its losing streak as US crude Oil stocks surged by 4.052 million barrels in the last week. OPEC+ allowed eight member countries to gradually unwound Oil cuts starting in October. Oil traders monitor the Israel-Hamas situation, as the failure of a peace deal could bolster crude Oil prices. West Texas Intermediate (WTI)
WTI drops to near $73.00 due to builds in US Oil stockpiles 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 – Jun 04, 2024, 3:47 PM CDT Crude oil inventories in the United States rose this week by 4.052 million barrels for the week ending May 24, according
Oil Prices Fall After API Reports Large Surprise Builds in Crude And Products Read More »
On June 2, 2024, 11:01 AM OPEC+ will likely agree on Sunday to prolong its deep oil output cuts into 2024 and possibly 2025, two OPEC+ sources said as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival U.S. production. Oil prices trade near $80
OPEC+ seen prolonging oil cuts in 2024 and into 2025 Read More »
WASHINGTON (AP) — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a
The Edible Oil Manufacturers Association of Kenya has opposed the new proposed tax measures contained in the 2024 Finance Bill, arguing they will have to increase cooking oil prices by 80 percent. The Bill seeks to impose a 25 percent excise duty on vegetable oils, which the association describes as a “potential humanitarian crisis that
Finance Bill 2024 Proposes 80% Increase in Cooking Oil Prices, Manufacturers Lament Read More »
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Oil prices fall on fear of high US interest rates depressing demand Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – May 13, 2024, 1:37 AM CDT Crude oil prices began the week with a decline on signs of slowing fuel demand and yet more indications from the Fed
Fuel Demand Slowdown and Interest Rate Pessimism Weigh on Oil Prices Read More »
