ConocoPhillips chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among the Organization of the Petroleum Exporting Countries and slow U.S. output gains ahead. Ryan Lance, head of […]
July 19 (Reuters) – The U.S. average retail gasoline price fell to $4.495 a gallon on Tuesday, slipping below $4.50 for the first time in nine weeks, data from the American Automobile Association (AAA) showed. […]
(Reuters) – World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were fanned further by data showing a sharp […]
The global oil market is “walking a tightrope” between scarce supply and the possibility of a recession, the International Energy Agency (IEA) said on Wednesday, with higher prices and worsening economic conditions already taking a […]
Crude oil prices tumbled overnight Tuesday as growing COVID-19 cases in China increased ongoing worries of an economic slowdown, both fueling fears of demand destruction, Australia’s ANZ Bank said in a Wednesday note. The prospect […]
Oil traders are selling oil again as concern about the course of the global economy deepens, taking the upper hand over supply fears. Brent crude has lost more than $20 per barrel over the past month, […]
World demand growth to slow to 2.7 million bpd in 2023 Sees higher demand growth than IEA OPEC June output rises 234,000 bpd after May decline LONDON, July 12 (Reuters) – OPEC expects global oil […]
Crude oil prices rallied in the afternoon after a rocky start to the trading day, with Brent crude finishing out the day at $106.57. Earlier in the trading day, Brent fell to $103.88 as the […]
As I sit down on this July 4th holiday weekend, it is a time to reflect on what a great country we live in. We take things for granted like the freedom to travel, and […]
Oil prices have fallen by more than 20% since March. Gasoline prices, however, have not reflected the drop. The ongoing pain at the pump will likely continue. Recession fears took hold of oil markets this […]
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