The blockage of the Strait of Hormuz is causing a much larger problem than just a global energy crisis. The blockage of the Strait of Hormuz is causing a much larger problem than just a global energy crisis. While oil and gas are critical to energy security for nearly ever
Oil tanker traffic through the Panama Canal has jumped in recent weeks as Asia scrambles to buy U.S. crude amid choked supply from the Middle East. Oil tanker traffic through the Panama Canal has jumped in recent weeks as Asia scrambles to buy U.S. crude amid choked supply
The current average price for gasoline in the US is $4.17 per gallon, according to AAA’s April 28 data. The current average price for gasoline in the US is $4.17 per gallon, according to AAA’s April 28 data. That’s 15 cents higher than a week ago and $1.02 more than the ye
Crude oil is taking a another step to the upside with a move to a new intraday high of $107.63. Crude oil is taking a another step to the upside with a move to a new intraday high of $107.63. The current price is trading at $107.30. The move higher has now taken the
Pakistan’s Prime Minister Shehbaz Sharif announced on Wednesday that the country’s oil import bill has jumped 167% to $800 million per week amid the war in Iran from around $300 million weekly before the conflict began. Pakistan’s Prime Minister Shehbaz Sharif announced on
S&P: Oil Prices May Need to Stay Elevated to Rebalance Markets S&P: WTI and Brent prices likely need to rise further or remain elevated for a prolonged period to curtail demand and improve market balances S&P notes its long-term oil price assumptions for 2028 and beyond remain...
UAE exit shakes OPEC — But prices may stay rangebound The United Arab Emirates is set to leave OPEC from May 1, marking one of the most significant shifts in the oil market in recent years. UAE exit shakes OPEC — But prices may stay rangebound The United Arab Emirates is s
Oil surges while investors wait for Fed and tech earnings A fresh surge in oil prices reflects growing concerns about energy supplies, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform... Oil surges while investors wait for Fed and tech ea
BoC's Senior Dep. BoC's Senior Dep. Gov. Rogers: Over the longer term, trade tensions are a bigger threat to the economy than higher oil prices.| FJ
Crude oil futures are racing higher, up roughly $5 or 5% on the day, and pushing into a key decision zone. Crude oil futures are racing higher, up roughly $5 or 5% on the day, and pushing into a key decision zone. The move to the upside has been supported by reports that t
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