Brix Lelis – The Philippine Star June 8, 2024 | 9:30am This photo shows a pump from a gasoline station. Edd Gumban / File MANILA, Philippines — Motorists can expect fuel prices to go down next week, according to the Department of Energy. DOE-Oil Industry Management Bureau assistant director Rodela Romero estimated a decrease of […]
Hefty oil price cuts seen next week Read More »
By MATTHEW BARAKAT Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] ARLINGTON, Va. (AP) — A man who died in a house explosion six months ago outside the nation’s capital deliberately detonated gasoline canisters in his basement that caused the blast, authorities said Friday. Arlington County police in Virginia went to the home of 56-year-old
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 07, 2024, 1:30 PM CDT The Biden administration has announced the purchase of an additional six million barrels of crude oil for the Strategic Petroleum Reserve
Biden Administration Seizes Opportunity to Refill SPR Amid Price Dip Read More »
Oil drilling rigs Oil prices rose on Friday, backed by eased investor concerns over supply abundance after OPEC+ confirmed the possibility of adjusting the production agreement if necessary. Brent crude for August delivery rose by 0.23%, or 18 cents, to $80.05 a barrel at 08:22 AM KSA Time. Similarly, the futures prices for American WTI
Oil rises, Brent trades above $80 a barrel Read More »
Oil ticks up, above $74.00 after a sizeable decline in the first part of the week. OPEC+ pushes against the bearish outlook, warning about the possibility of unwinding the taper of voluntary cuts. The US Dollar Index trades just above 104.00 as ECB decision looms. Oil prices are in repair mode on Thursday after a
Oil steady in the green with a better growth outlook projected after ECB’s rate cut 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 »
Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from a four-month low in the previous session, Brent crude futures were down $1.11, or 1.4%, at $77.25 a barrel by
Oil drops over $1 as OPEC+ decision spotlights shaky demand Read More »
Author of the article: The Associated Press Elaine Kurtenbach Published Jun 04, 2024 • Last updated 2 hours ago • 3 minute read Asian shares retreated Tuesday, with India’s Sensex dropping as much as 8% as investors who had bought shares after exit polls showed Prime Minister Narendra Modi winning a third term sold to lock
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