At its latest meeting the alliance of OPEC and its allied countries, including Russia, also known as OPEC+, has decided to not change its production quotas for member countries. Analysts say the cartel has decided […]
After much worrying about the effects of war on the country’s food production, Ukraine’s 2022 wheat harvest far exceeded forecasts — but Russia took a billion-dollar share in the occupied east — according to analysis […]
Ever so often, the polar vortex dips south over North America from its usual perch in the Arctic and brings a blast of cold air. The next arrival appears imminent, potentially as early as the […]
Authored by Sundance via TheConservativeTreehouse.com, “Crowds? I see nothing. I’m surprised,” retail worker Jeremy Pritchett told FOX 2. “Normally, it’s wrapped all the way around the building. Today: no one.” That’s the typical ground report […]
By Tsvetana Paraskova of OilPrice.com High prices seem to have started to weigh on diesel demand in the United States, where distillate inventories – comprising diesel and heating oil – have been slowly rising over […]
November 23, 2022 Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update, and the U.S. Bureau of Labor Statistics Consumers paid, on average, $3.65 per gallon (gal) at the pump for U.S. regular […]
Authored by Tsvetana Paraskova via OilPrice.com, Oil demand worldwide rose in September to exceed the September 2019 pre-Covid levels by nearly 1 million barrels per day (bpd), new data from the Joint Organizations Data Initiative […]
This year’s average U.S. gasoline prices on Thanksgiving are expected to be at their highest level ever for the holiday. Gasoline prices have dropped a lot from the record highs in June. The number of […]
The diesel price premium to gasoline and crude oil has hit a record high due to low stockpiles and low refining capacity. The U.S. only had 25 days’ worth of distillate stocks in October compared […]
The latest Bloomberg Trade Tracker reveals an ominous outlook for world trade due to soaring interest rates, the war in Ukraine, a slowdown in the US economy, and zero Covid in China. A shortage of […]
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