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California’s Gasoline Crisis Was Manufactured—Now They’re Pretending to Fix It

California’s Gasoline Crisis Was Manufactured—Now They’re Pretending to Fix It

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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 28, 2025, 1:30 PM CDT California’s politicians want you to believe they’re trying to rein in sky-high gas prices. They’re not. What’s really happening is years […]

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USD/INR dips as Rupee rises on FII flows, softer Oil prices and mixed US macro data

USD/INR dips as Rupee rises on FII flows, softer Oil prices and mixed US macro data

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USD/INR slides to two-week low amid broad US Dollar weakness and strong Rupee demand. Rupee supported by FII inflows, equity market gains, and falling Crude Oil prices. DXY holds near a three-year low as Trump’s Fed criticism and soft US GDP fuel rate cut bets. The Indian Rupee (INR) strengthens further on Friday, riding a

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Power to prosper: How energy transition can reduce poverty in Nigeria

Power to prosper: How energy transition can reduce poverty in Nigeria

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In many parts of Nigeria, when night falls, darkness takes over. Millions of families still rely on candles, kerosene lamps, or even firewood for lighting and cooking. For businesses, power cuts are so common that many rely on noisy, expensive generators to keep going. The lack of reliable electricity is more than an inconvenience; it’s

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Fuel prices expected to roll back next week after Israel-Iran ceasefire

Fuel prices expected to roll back next week after Israel-Iran ceasefire

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MANILA, Philippines — Fuel prices are estimated to roll back next week after Israel and Iran agreed to a ceasefire, local oil industry sources said on Friday. They projected that gasoline prices may decrease between P1.and P1.40 per liter, diesel between P1.60 and P2.10 per liter, kerosene between P2 and P2.20 per liter. These estimates

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Oil shocks in the 1970s drove rapid changes in transport. It could happen again if Middle East tensions continue

Oil shocks in the 1970s drove rapid changes in transport. It could happen again if Middle East tensions continue

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As the world watches the US–Iran situation with concern, the ripple effect from these events are reaching global oil supply chains – and exposing their fragility. If Iran closes the Strait of Hormuz as it is considering, it would restrict the global oil trade and trigger energy chaos. Petrol in some Australian cities could hit

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Dow jumps 500 points, oil prices tank as investors bet Israel-Iran truce will hold: Live updates

Dow jumps 500 points, oil prices tank as investors bet Israel-Iran truce will hold: Live updates

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Crude calculations: Assessing Canada’s vulnerability to oil prices

Crude calculations: Assessing Canada’s vulnerability to oil prices

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We use cookies and data to Deliver and maintain Google services Track outages and protect against spam, fraud, and abuse Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services If you choose to “Accept all,” we will also use cookies and data to Develop

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USD/INR dips on Iran-Israel ceasefire relief and softer Oil prices

USD/INR dips on Iran-Israel ceasefire relief and softer Oil prices

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The Indian Rupee gains for a second day, supported by softer crude Oil prices and a weaker US Dollar. US President Donald Trump announces a “complete and total” ceasefire between Iran and Israel, calming global energy markets. S&P Global Ratings raises India’s FY2025 growth forecast to 6.5% and sees moderate inflation ahead. The USD/INR pair

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Peace Dividend: Oil Market Celebrates Trump-Brokered Peace as Prices Drop Below $70

Peace Dividend: Oil Market Celebrates Trump-Brokered Peace as Prices Drop Below $70

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Oil prices plunged Tuesday morning after President Donald Trump secured a ceasefire between Iran and Israel, bringing an abrupt end to a conflict that had threatened to ignite a wider regional war. The markets responded with enthusiasm—Brent crude dropped decisively below the $70 mark, a move that signals both geopolitical relief and a potential windfall

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