Oil Markets Could Face A Doomsday Scenario This Week
Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns...
Biden’s Gas Tax Suspension Proposal Falls Flat In Congress
President Biden asked Congress on Wednesday to lift the federal fuel tax for three months in a bid to reduce excessively high prices at the...
Premarket stocks: The stock market sell-off could be just getting started
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The Perfect Storm In Oil Caught Markets Off Guard
Two years ago, at the height of the pandemic, BP wrote in its annual Energy Outlook that global oil demand had peaked at around 100...
White House Considers Lifting Gas Tax To Lower Prices
The Biden administration is considering a temporary lifting of the federal gas tax as a tool to reduce prices at the pump, Energy Secretary Jennifer...
Biden’s Trip To Saudi Arabia Won’t Solve The Oil Market’s Problems
When news broke last week that President Biden was planning a Middle East visit that would include Saudi Arabia, many an industry observer saw in...
How The EU Plan To Ban Russian Oil Could Cause Stagflation
The war in Ukraine has highlighted the depth of global connectivity and interdependence, exposed the energy security of Europe, and put the post-Pandemic economic recovery...
Why You Should Care About The Price Of Diesel
For the average citizen, it is often not until you fill your tank, stock your fridge, or heat your home that you have a tangible...
U.S. Consumer Spending On Gasoline Has Doubled In 12 Months
The average U.S. household’s gasoline expenditure has jumped to $5,000 a year over the past 12 months, from $2,800 this time last year, according to...
Gasoline Prices Top $6 In California, $9 In Parts Of Europe
Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over...