Biden begs big oil buyers to help cool prices
HOUSTON (Reuters) - More than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to…
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May 2, 2022
3:47 PM EDT
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Oil settles up on distillate strength, supply concerns
By Laura Sanicola3 minute read
Storage tanks at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S.
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/Files
Oil settles up on distillate strength, supply concerns
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products,…
Biden wants to let people buy blended gasoline to lower prices. There’s just one big problem
It's one of the main drivers of U.S. inflation reaching a 40-year high, and among the factors most likely to hurt Democrats’ electoral chances in the November midterms. It’s high gasoline prices, and…
Europe and Russia are playing a game of chicken with their gas supply, writes Samantha Gross.
Ina Fassbender/AFP via Getty Images
“This Energy Crisis is Different”
Europe and Russia are playing a game of chicken with their gas supply, writes Samantha Gross.Ina Fassbender/AFP via Getty Images About the author: Samantha Gross is the director of the Energy Security…
What’s Next For America’s Strategic Petroleum Reserve?
Source: Robert Rapier - Apr 05, 2022, 3:00 PM CDT | OilNews.com This week, the American Petroleum Institute (API) estimated the inventory draw for crude oil to be 3.089 million…
A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil
Oil Tanker Takes a Meandering Path In the AtlanticSource: MarineTraffic.comhttps://www.nytimes.com/2022/04/02/climate/oil-tankers-russia.html The ship, originally sailing to Philadelphia, apparently lost its buyer in the middle of the Atlantic. A number of tankerscarrying…
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022.
Frederic J. Brown | AFP | Getty Images
Everyone is worried about gas prices, but diesel is driving inflation more than you think
Now, with sanctions on Moscow, Russia's fuel exports to Europe are down and there is a global scramble for supply that has sent prices to record levels. The prices for…
Russia faces US and Western sanctions for its invasion of Ukraine. Photo: iStock
Russia Threatens to Demand Rubles for Grain, Other Exports
Source: Bloomberg News March 30, 2022, 4:17 AM EDT | Updated on March 30, 2022, 6:31 AM EDT Russia may expand the list of commodities for which it demands payment…
Courtesy: Yahoo Finance
Gas Price Hacks: Easy Ways to Save Money at the Pump
Rising gasoline prices are busting Americans' budgets. Learn some quick tricks for cutting costs when you fill up. The average US gas price is $1.37 more per gallon compared with…
FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan
Oil prices jump again as EU considers Russian oil ban
A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum…