Oil prices fall for third week straight due to monetary policy
Oil prices fell this Friday, whipping out the gains from past weeks, on pressure from monetary policy strengthening the dollar, and on worries that the...
Tag : Gasoline prices
Oil prices go up after US promises to tackle high gasoline prices
Oil prices rose this Monday, giving positive signs for global economic growth and further recovery from the pandemic. However, the US said it is considering...
Chevron to sell Eagle Ford basin assets for billions: Reuters
Chevron Corporation is looking to sell its oil and gas assets in the Eagle Ford basin in South Texas. Sources familiar with the matter confirmed...
U.S. regulators to hunt oil and gas mergers due to gasoline rising prices
U.S. regulators are looking for ways to crack down oil and gas mergers and acquisitions in a strategy to combat gasoline rising prices; the main...
As Hurricane Ida weakens, gasoline rises and oil loses momentum
Hurricane Ida came ashore this Sunday, losing destruction power and becoming a category 1 hurricane. In advance of the storm, nearly all of the oil...
OPEC sees no need for more oil supply, despite U.S. call
OPEC, the Organization of Petroleum Exporting Countries, and its allies including Russia, known as OPEC+ see no need for more oil supply; despite last week’s...
Gasoline shortages ease; pumps still dry in some areas
Gasoline shortages in the United States have eased since the largest pipeline, the Colonial Pipe, came back online from a very disruptive cyberattack in recent...
Refiners facing dramatic loses in 4Q earnings: Reuters
U.S. refiners are facing dramatic loses in their fourth quarter earning margins, as the market is still pressured from the covid-19 pandemic, by weakened demand...
U.S. gasoline prices drop to multiyear lows in 2020: EIA
During the last year, the U.S. gasoline prices dropped to multiyear lows of $2,17 per gallon, this is equivalent to 44 cents lower than in...