[ad_1] Updated Jan. 16, 2024 12:30 pm ET British oil major Shell suspended all shipments through the Red Sea after U.S. and U.K. strikes on Yemen’s Houthi rebels triggered fears…
Tag: Crude Oil/Natural Gas Product Markets
What to Watch in the CPI Report: Did Inflation Heat Up or Cool Down Last Month?
[ad_1] Americans paid less for gasoline last month, helping keep inflation in check, but underlying price pressures remained steady in October, analysts estimate. Such an outcome would leave inflation elevated…
Why You Might Get Cheap Gas for Christmas
[ad_1] Refiners are selling gasoline for barely any profit at the moment. [ad_2] Source link
Chevron to Buy Hess for $53 Billion
[ad_1] Updated Oct. 23, 2023 7:45 am ET Chevron said it would buy Hess in an all-stock deal worth $53 billion, the second major oil tie-up this month following Exxon…
Oil at $100 Is Too High, Even for Energy Companies
[ad_1] As crude oil prices near triple digits, it isn’t just consumers feeling uneasy. [ad_2] Source link
Saudi Oil Cuts Set to Keep Gasoline Prices Higher
[ad_1] The International Energy Agency expects a significant supply shortfall for the rest of this year and says low inventories could lead to market volatility. [ad_2] Source link
The Panama Canal Has Become a Traffic Jam of the Seas
[ad_1] More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings. [ad_2] Source link
Weather and Wall Street Conspire to Push Up Gas Prices
[ad_1] Gasoline and diesel prices have risen faster than oil in recent weeks. [ad_2] Source link
Saudi Cuts Send World Diesel Prices Soaring
[ad_1] One corner of the global energy market is getting especially squeezed by Saudi Arabia and Russia’s oil-production cuts: diesel. [ad_2] Source link