Tag: Oil and Gas
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Oil extends gains following Houthi strikes on Saudi Arabia
Oil extended gains amid reports of fresh Houthi strikes on Saudi Arabia and attacks by Iran on ships in the Gulf.
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Costco hikes motor oil prices and puts limits on how much members can buy
Costco is limiting sales of its house brand motor oil to two units per customer per week amid rising oil prices.
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Trump says Ukraine and Russia agreed not to hit energy targets
“The World’s Diesel price rise is mostly caused by the Russia/Ukraine War, not Iran,” Trump said in a social media post.
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What’s next for oil refiners after an unprecedented run to all-time highs
Refiners don’t care what crude costs. They care about the crack spread. Right now, those margins look like the ultimate holiday bonus.
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Prediction market traders think gas prices will hit new highs for the year
It comes after oil prices have marched higher in recent weeks, above $100 per barrel, as tensions between the U.S. and Iran have escalated again.
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India’s inflation rises to 4.82% in August, marginally exceeding forecasts
India’s inflation in August accelerated for the tenth month straight to 4.82% in August amid rising food and fuel prices.
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Satellite images show extent of damage to Saudi Arabia’s oil pipeline that bypasses Strait of Hormuz
Saudi Arabia temporarily shut the roughly 750-mile pipeline as attacks threaten a key alternative to the Strait of Hormuz.
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Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record
U.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.
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Baker Hughes sees no slowdown in energy projects despite higher rates as AI buildouts stoke LNG demand
Baker Hughes has yet to see higher borrowing costs slow investment in major energy projects.
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Trump says U.S. may keep Iranian oil ‘like Venezuela’ as Gulf-Iran Hormuz talks stall
Trump said revenue from the Venezuela arrangement has “paid for the war many times.”
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