Gas

Just days after threatening to strike down US military spy planes flying over neighboring waters, North Korea launched what it claimed to be a solid-fueled intercontinental ballistic missile on Wednesday. The launch comes after numerous…

According to a significant Federal Reserve Bank of New York study released on Monday, Americans are preparing for increased inflation over the next few years even as they foresee a decline in consumer prices in the near future. …

First, in the United States, New York has outlawed the installation of gas stoves in newly constructed homes. Governor Kathy Hochul and the Democratic-controlled legislature passed a new $229 billion budget for the upcoming fiscal year,…

If oil prices remain high, pump prices will rise. After OPEC+ cut production unexpectedly, crude futures rose $5 per barrel.  The average price of a gallon of gasoline in the United States is currently $3.51. Gas prices are expected to…

On Sunday, Saudi Arabia and other OPEC+ oil producers announced further oil cuts of around 1.16 million barrels per day. Analysts predicted that the unexpected action would result in an immediate price increase, and the United States deemed…

Due to a smaller-than-expected weekly pull of the fuel from storage, US natural gas prices dropped 4% on Thursday, testing the crucial $2 support once more. The Energy Information Administration, or EIA, reported that utilities pulled 47…

As investors become more concerned that China would be removing some COVID-19 regulations, the price of oil has fallen today. Investors are concerned that this may cause a fresh wave of infections. While US crude is down 1.9% at 77.48…

Even though the actual prices refiners pay may be higher than the price cap set this week by Western nations, China is purchasing Russian ESPO crude oil at the steepest discounts in months due to weak demand and low refining margins. The…