Gasoline Prices And Presidential Approval Ratings Perfectly Linked
Prices at the pump directly correlate with presidential approval ratings, the chief executive of FedEx told Fox News this week, citing a conversation he had...
$150 Oil Is Still A Distinct Possibility
The European Union seems to be warming to the idea of direct sanctions on Russia’s energy industry, slapping a ban on imports of coal for...
Outlook For China Oil Demand Darkens
The outlook for crude oil demand in the world’s second-largest consumer is dimmed amid the continued increase in Covid-19 cases and the extended lockdown in...
Is Today’s Energy Shortage Worse Than The 1970s Oil Crisis?
In 1973, after the Yom Kippur war between Israel and a coalition of Arab countries, Middle Eastern oil producers declared an embargo on oil exports...
Desperation And Austerity Hit Global Energy Markets
We are starting to see the makings of energy curtailments in Europe – an exceedingly unpopular step that governments would be unlikely to take if...
Yergin: Asia To Be Russia’s Default Market For Crude Oil
Russia will likely redirect its oil flows to Asia as Europe seeks to minimize its intake of Russian fossil fuels, with the former becoming “the...
U.S. Warns India Against Buying More Russian Oil
The United States has warned India that buying more oil from Russia could expose it to a “great risk” in light of more sanctions against...
L.A. Gas Price Hits $6
Average gasoline prices in Los Angeles hit $6 per gallon, GasBuddy’s head of petroleum analysis, Patrick De Haan, wrote in a tweet, noting this compared...
World’s Top Oil Trader Sees Higher Prices
Even after hitting $93 per barrel last week, oil prices have further room to rise in the coming months, with the $100 oil forecast of...
$90 Oil Is Only The Beginning
Brent crude touched $90 per barrel briefly this week for the first time in years. This latest jump was attributed to tensions around Ukraine, but...