Iran’s limited retaliation and statement against further escalation are pushing markets lower. WTI Crude is trading at $62.04, a loss of 66 cents. Fuel is down in early trading this morning. Diesel is trading at $2.0186, a loss of 1.4 cents. Gasoline is trading at $1.7110, a loss of a 1.1 cents. Crude markets are […]
Crude is down in early trading this morning. Crude is currently trading at $62.60, a loss of 67 cents. Fuel prices are down. Diesel is trading at $2.0136, a loss of 2.0 cents. Gasoline is trading at $1.7232, a loss of 3.1 cents. Yesterday markets rose as the US warned of heightened threats to energy […]
Mere days after the US killed an Iranian General travelling in Iraq, Middle East tensions are already beginning to heat up. On Friday, oil prices soared to $2/bbl gains, and this morning those increases are continuing steadily. Crude oil is currently trading at $63.45, up 40 cents from Friday’s close. Fuel prices are mixed this […]
Yesterday, we said that 2020 will have a hard time living up to the geopolitical drama of last year. We may have spoken too soon. Oil prices are soaring higher this morning following a US military strike on Iranian General Qasem Soleimani in Iraq last night. Crude oil prices are up by more than $2/bbl […]
India Could See Real Growth in Oil Demand Next Year Next year is expected to be a turnaround for oil demand in India, according to a new study by S&P Global Platts Analytics. With weakened demand caused by an economic slowdown, a slump in new vehicle sales, and flooding during monsoon season, the growth number […]
World thirst for oil keeps growing, with SUVs a key culprit The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why. Mounting demand for plastic is another factor. So is increasing plane travel. […]
Markets closed higher yesterday on news from OPEC regarding production cuts, and this morning headline declaring missile strikes on an Iranian tanker are continuing the gains. Crude oil is currently trading at $54.10, up 55 cents. Fuel prices are also higher this morning, with diesel leading the complex higher. With inventories falling quickly and IMO […]
Oil lower as tensions grow ahead of U.S.-China trade talks Oil futures headed lower Tuesday as traders kept tabs on developments ahead of U.S.-China trade talks due later this week, which could shape expectations around demand for crude. Oil is being dragged down with stocks and other assets sensitive to global growth expectations, which continue […]
News of Saudi production coming back on line and inventory builds drove markets lower yesterday and today. WTI Crude is trading at $56.05, a loss of 44 cents. Fuel is flat this morning. Diesel is trading at $1.9477, a loss of 0.6 cents. Gasoline is trading at $1.6310, a gain of 0.6 cents. Crude prices […]
