[ad_1] Travelers, truckers and shippers worldwide can thank the U.S. for helping keep a lid on oil and gasoline prices this year. A year ago, Wall Street analysts were predicting…
Tag: Energy Markets
Stocks Rise to Start Last Trading Week of Year
[ad_1] Major indexes advanced to start the holiday-shortened trading week, with stocks looking to close out a positive year after a bruising 2022. The benchmark S&P 500 gained 0.4% Tuesday,…
OPEC Is Losing Its Mojo on Wall Street
[ad_1] Throttling back on oil production hasn’t helped OPEC and its allies to push up crude prices lately. At least four times in the past 15 months, members of the…
OPEC Leaves Global Oil-Demand Views Unchanged
[ad_1] The Organization of the Petroleum Exporting Countries left its expectations for global oil demand unchanged for this year and next and raised its 2023 global economic growth forecast, against…
The World’s Key Canal Is Clogged Up. Winter Fuel Prices Could Get Wacky.
[ad_1] Climate change may be making winters more unpredictable. It could make your winter heating bills more unpredictable too, particularly if you live at the end of long and vulnerable…
Wall Street Shrugs Off Latest OPEC+ Oil Cuts
[ad_1] Members of the oil-producers group known as OPEC+ have tried to push crude prices upward with unexpected supply cuts since last year. Wall Street isn’t yet convinced that will…
U.S. Oil Land Grab Continues
[ad_1] Occidental’s talks with CrownRock will make the few remaining large parcels in the Permian basin pricey. [ad_2] Source link
U.S. Crude Oil Inventories Increased More Than Expected
[ad_1] Nov. 29, 2023 11:45 am ET U.S. crude oil, gasoline and distillate fuel inventories increased more than expected last week as refineries ramped up their capacity use, according to…