What’s Next For America’s Strategic Petroleum Reserve?
Source: Robert Rapier - Apr 05, 2022, 3:00 PM CDT | OilNews.com This week, the American Petroleum Institute (API) estimated the inventory draw for crude oil to be 3.089 million…
A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil
Oil Tanker Takes a Meandering Path In the AtlanticSource: MarineTraffic.comhttps://www.nytimes.com/2022/04/02/climate/oil-tankers-russia.html The ship, originally sailing to Philadelphia, apparently lost its buyer in the middle of the Atlantic. A number of tankerscarrying…
Biden’s oil reserve plan only covers a third of Russia’s shortfall
London (CNN Business) Oil prices are pulling back sharply as investors gear up for the White House to potentiallyunleash a record amount of crude from US reserves in a bid…
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022.
Frederic J. Brown | AFP | Getty Images
Everyone is worried about gas prices, but diesel is driving inflation more than you think
Now, with sanctions on Moscow, Russia's fuel exports to Europe are down and there is a global scramble for supply that has sent prices to record levels. The prices for…
Russia faces US and Western sanctions for its invasion of Ukraine. Photo: iStock
Russia Threatens to Demand Rubles for Grain, Other Exports
Source: Bloomberg News March 30, 2022, 4:17 AM EDT | Updated on March 30, 2022, 6:31 AM EDT Russia may expand the list of commodities for which it demands payment…
A boat lies on the bottom of Amazonas river, in the city of Manaus, Brazil, October 26, 2015. REUTERS/Bruno Kelly/File Photo
Drought effects on hydroelectricity generation in western U.S. differed by region in 2021
Source: U.S. Energy Information Administration, Electric Power Monthly In 2021, a historic drought that affected much of the western United States led to reduced water supply and, as a result, lower hydropower…
Courtesy: Yahoo Finance
Gas Price Hacks: Easy Ways to Save Money at the Pump
Rising gasoline prices are busting Americans' budgets. Learn some quick tricks for cutting costs when you fill up. The average US gas price is $1.37 more per gallon compared with…
U.S. gasoline and diesel prices declined slightly the week after their March 14 peak
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update On March 21, the U.S. regular retail gasoline price across all formulations (conventional and reformulated) averaged $4.24 per gallon (gal), and the…
FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan
Oil prices jump again as EU considers Russian oil ban
A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum…
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