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Higher Gasoline, Rental Costs Boost U.S. Consumer Inflation
(Wednesday, January 18, 2017) U.S. consumer prices increased in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/2 years and signaling that inflation pressures could be building.
Bangladesh Backtracks on Plan to Cut Oil Product Prices
(Wednesday, January 18, 2017) Bangladesh has backtracked on its plan to slash prices for gasoline, diesel fuel and other oil products amid a rise in global crude oil markets, the country's junior minister for power and energy said on Wednesday.
Oil Prices Fall On Strong Dollar, US Output Rise Expectations
(Wednesday, January 18, 2017) Oil prices fall to their lowest in a week, on a strong dollar and expectations that US producers would boost output.
Oil Steady As Weak Dollar Offsets US, Russia Output Forecasts
(Tuesday, January 17, 2017) Oil prices were little changed as a decline in the US dollar and comments by Saudi Arabia that it would adhere to OPEC's commitment to cut output.
Oil Up On Saudi Commitment To Cut; U.S. Output Seen Rising
(Monday, January 16, 2017) Oil prices settle up, as Saudi Arabia's commitments to reducing production offset a report forecasting U.S. output would again rise this year.
U.S. EPA Locks in 2025 Fuel Efficiency Rules
(Friday, January 13, 2017) U.S. EPA chief Gina McCarthy on Friday finalized a determination that the landmark fuel efficiency rules instituted by President Barack Obama should be locked in through 2025, a bid to maintain a key part of his administration's climate legacy.
Oil Falls On China Concerns, Down 3% For The Week On OPEC Doubts
(Friday, January 13, 2017) Oil prices fall and end the week 3% lower on lingering doubts over the extent of OPEC cuts.
PetroVietnam, Exxon Mobil Sign Deal on Gas Generation
(Friday, January 13, 2017) The Blue Whale project aims to produce the first gas for power plants by 2023
India's 2016 Iran Oil Imports Hit Record High - Trade
(Friday, January 13, 2017) India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report.
Oil Rises On Supply Cuts, Record China Demand Forecast
(Thursday, January 12, 2017) Oil prices rose more than 1% on news that key crude exporters were cutting production to reduce a global crude glut.
Saudi Keeps Feb Oil Exports Steady to Most Buyers in Asia
(Thursday, January 12, 2017) State oil giant Saudi Aramco reduced February term supplies of mainly heavy crude to Indian refiners Reliance Industries and Hindustan Mittal Energy Ltd (HMEL), as well as to Malaysia's Petronas, four sources familiar with the matter said.
Oil Gains - Pares Earlier Losses off Newfound Optimism
(Wednesday, January 11, 2017) After falling almost 6% earlier in the week, oil prices picked up steam as traders saw a buying opportunity in the market.
Singapore Bunker Volumes Expected to Set Record High in 2016
(Wednesday, January 11, 2017) The Maritime and Port Authority of Singapore (MPA) expects 2016 sales of bunker fuel for ships to rise to a record for a second consecutive year, with early estimates showing volumes increased 7.7 percent to 48.6 million tonnes, it said on Wednesday.
Shale Gas Hands Cuomo N.Y. Nuclear Closure He's Waited Years For
(Tuesday, January 10, 2017) New York Governor Andrew Cuomo has won his years-long battle to force a nuclear power plant into early retirement. His greatest weapon? The shale boom.
Oil Slides 2% On Strong Dollar, Doubts Of OPEC Output Cuts
(Tuesday, January 10, 2017) Oil prices fall 2% to the lowest in nearly a month, extending the previous session's sell-off.
Thousands of Mexicans Protest Gasoline Price Hikes
(Monday, January 09, 2017) Mexicans angry over a spike in gasoline prices took to the streets of Mexico City on Saturday after days of protests spurred looting in hundreds of stores, resulting in over a thousand arrests in Latin America's second-largest economy.
Oil Down 4% On Concerns Over Rising Iraqi Exports, US Output
(Monday, January 09, 2017) Oil prices tumbled by 4% on concern that record Iraqi crude exports and rising US output would undermine OPEC's efforts to curb global oversupply.
Oil Edges Up; Strong Dollar, OPEC Doubts Make Buyers Cautious
(Friday, January 06, 2017) Oil rose slightly on futures buying, ending the week higher, but gains were limited by a strong US dollar and lingering doubts.
Motorists Logged 1.6 Pct More Miles on U.S. Roads in Oct.- DOT
(Friday, January 06, 2017) The October figures keep the U.S. on pace for record annual driving volumes amid low gas prices and a stronger job market.
American Drivers Seen Paying $52 Billion More to Fill Up in 2017
(Thursday, January 05, 2017) Americans may spend $52 billion more to fill their cars this year as OPEC output cuts boost oil prices and state tax hikes take a bigger bite, according to GasBuddy Organization Inc.