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 […]
ENB Pub Note: An energy crisis makes a food crisis worse. Fertilizer, diesel, and everything to farm and deliver foods get costly and scarce. You cannot solve one without solving both. A shocking new report […]
Following my recent article — Why The U.S. Has A Diesel Shortage — one reader pointed out that I omitted one factor from my analysis. Even as the U.S. grapples with one of the worst diesel shortages […]
Commodities from Iron to crude to copper to soybeans soared after China made a significant change to the zero Covid policy that has caused nothing but trouble in the world’s second-biggest economy. Almost all commodities, […]
Do you remember in early 2020 when they told us that the shortages that we were experiencing would just be temporary? Of course some of them were, but then more shortages just kept on erupting. […]
SINGAPORE: China’s refined oil product exports in November are set to hit the highest since Apr 2020 as refiners ramp up output to multi-month highs to boost diesel supply and profit, offsetting the impact of […]
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