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Russia Predicts The Death Of U.S. Shale

Russia Predicts The Death Of U.S. Shale

Russian Energy Minister Alexander Novak…

Energy / Gas Prices

Gasoline Prices Rocket As Exxon Shuts Beaumont Refinery

Gasoline Prices Rocket As Exxon Shuts Beaumont Refinery

Aug 30, 2017 at 11:54 | Tsvetana Paraskova

Texas, as hurricane Harvey caused flooding and extreme weather, Reuters reported, citing sources familiar with the refinery operations. Exxon shut the 240,000-bpd Crude B unit, and the 45,000-bpd coking…

Goldman: U.S. Oil Sector Could Take Months To Heal From Harvey

Goldman: U.S. Oil Sector Could Take Months To Heal From Harvey

Aug 28, 2017 at 14:04 | ZeroHedge

Oil markets were roiled, sending gasoline prices surging on Monday after Tropical Storm Harvey wreaked havoc along the Gulf Coast over the weekend, crippling Houston and its port, and knocking…

U.S. Sanctions On Venezuela Could Boost Gasoline Prices

U.S. Sanctions On Venezuela Could Boost Gasoline Prices

Aug 15, 2017 at 15:09 | Luis Colasante

For over five months, hundreds of thousands of Venezuelans have taken to the streets of the country to protest against the dictatorial Venezuelan regime. Since the protests started, more than 

U.S. Gasoline Demand At All-Time High

U.S. Gasoline Demand At All-Time High

Aug 14, 2017 at 14:20 | Robert Rapier

Given all the media hype about peak oil demand — which is supposed to come about largely as a result of the explosive growth of electric vehicles (EVs) — you…

Is Big Oil Betting On The Wrong Horse?

Is Big Oil Betting On The Wrong Horse?

Jul 20, 2017 at 15:24 | Tsvetana Paraskova

Many oil majors have steered their strategies and investments into natural gas, aiming to seize the projected global gas demand growth as the world shifts away from coal-fired power generation.…

U.S. Gasoline Prices To Stay Low Through The Summer

U.S. Gasoline Prices To Stay Low Through The Summer

Jul 17, 2017 at 14:26 | Zainab Calcuttawala

Low gasoline prices for American consumers are here to stay for the rest of the summer, according to the U.S. Energy Information Administration (EIA). The agency says regular gasoline…

North Korea’s Fuel Prices Soar After China Suspends Exports

North Korea’s Fuel Prices Soar After China Suspends Exports

Jul 17, 2017 at 09:24 | Tsvetana Paraskova

Diesel and gasoline prices in North Korea have jumped since China National Petroleum Corp (CNPC) halted sales of fuel to Pyongyang, Reuters reported on Monday, citing data on prices…

Is This Year’s Driving Season Over Before It Began?

Is This Year’s Driving Season Over Before It Began?

Jul 10, 2017 at 13:51 | ZeroHedge

Exactly six months ago, when oil bulls still held on to some fleeting hope that OPEC may somehow stabilize the crash in oil prices despite the shift in marginal oil…

Bearish News For Natural Gas As Inventories Continue To Rise

Bearish News For Natural Gas As Inventories Continue To Rise

Jun 09, 2017 at 16:17 | Drilling Info

Natural gas storage inventories increased by 106 Bcf for the week ended June 2, per EIA. The report is bearish with the build coming above market expectations, which were calling…

Trump Flirting With The Idea Of A Federal Gasoline Tax Increase

Trump Flirting With The Idea Of A Federal Gasoline Tax Increase

May 03, 2017 at 14:42 | Nick Cunningham

U.S. President Donald Trump flirted with raising the federal gasoline tax this week, raising eyebrows by showing an openness to tackle a problem that has scared away politicians from both…

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