The nationwide average price of gasoline in the United States has risen for three consecutive weeks, gaining 4.3 cents over the past week, to hit $3.62 per gallon on Monday, according to Gasbuddy data. Compared […]
By John Kemp, senior energy analyst at Reuters Portfolio investors have amassed one of the largest bullish positions in U.S. gasoline futures and options since before the coronavirus pandemic, anticipating that prices will continue climbing over […]
Weekly Daily Standup Top Stories Why gas prices in California ‘have gone ballistic’ April 6, 2024 Stu Turley Gas prices have been on the rise nationwide, but for California drivers, they’ve skyrocketed in a short amount of […]
EuropeTankers Telegram A new report from Oslo-based Arctic Securities estimates today that around 20% of Russia’s refining capacity has been knocked offline with as much as 3m more barrels per day at risk from increasingly […]
While other international majors are closing down refineries or converting them to biofuel production, ExxonMobil is expanding its UK site and will start delivering diesel from the expanded Fawley refinery in early 2025. ExxonMobil is investing $1 […]
Gas prices have been on the rise nationwide, but for California drivers, they’ve skyrocketed in a short amount of time. The Golden State’s average at the pump surged by $0.23 to $5.27 per gallon on Friday […]
Influential voices have been urging the world to move full speed ahead on the energy transition. UN Secretary General Antonio Guterres has warned that without progress on climate, “people in all countries will pay a tragic […]
The price of petrol has risen by almost 6p per litre since January, with a notable 2p increase recorded in March, reaching an average of 146.48p per litre, as reported by RAC Fuel Watch. Similarly, […]
The share of the fuel in the bloc’s overall imports amounted to 15% in 2023, calculations show The EU increased natural gas purchases from Russia in 2023, despite pledging to phase out all Russian fuel […]
LONDON, March 28 (Reuters) – More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published on Thursday, as gasoline margins weaken and the […]
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