Search result for L PRICES
Europe's inflation falls to a two-year low. It offers confidence, but rising oil prices are imminent.
Inflation, which has been a problem for Europeans, fell sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations, and haircuts - and that the European Central Bank won't have to further restrict the economy by...
Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.
Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...
Quarterly Profit for Exxon Hits All-Time High, Almost Equals Apple's
On Friday, Exxon Mobil Corp. reported a quarterly profit that nearly matched that of tech giant Apple, shattering analysts' forecasts thanks to rising energy prices.
With rising natural gas and oil prices, the company's net profit for the third quarter of 2018 was $19.66 billion...
New Oil Retail Prices for August in the UAE
In adherence to the policy set in 2015 of deregulating prices to get in sync with global rates, the new retail prices for August will be announced by the UAE.
The price of Fuel has risen consecutively in the previous two months due to an increase in the global oil prices. Since the star...
Premium for VLSFO
As a response to expectations that supply limitation will relax in the next weeks, the very low sulphur fuel oil (VLSFO) cash premium continued its losses on Tuesday, bringing it down to a level that hasn't been seen in two months. This was done in response to forecasts that supply constraint...
For a second day, oil prices are climbing due to supply issues
After Russia, a major energy provider to the area, halted gas delivery through a major pipeline, concerns about a tightening European supply increased, driving up oil prices on Tuesday for a second day.
By 1359 GMT, Brent crude futures had increased by $1.25, or 1.2 per cent, to $106.40...
Oil Prices Spike as Dollar Drops but Interest Rates Continue to Rise.
Supply fears, stronger Equity markets, and a fall in the U.S dollar have resulted in oil prices rising above 1% from Monday.
Due to some fearing that rising interest could lower the demand for fuel, the increase in oil prices varies. The price of Brent Crude Futures per barrel for Septe...
Impact Of Hike In Petrol Prices
In an attempt to escape the impact of rising oil prices, thousands of drivers are racing to automobile repair shops to install liquefied petroleum gas (LPG) or electric systems in their cars. Energy Reform's president, Surasak Nittiwat, said that the business has seen a 200 percent year-over-...
The state has imposed a price cap on oil refineries
To better control energy inflation, energy authorities are considering setting a price restriction on oil sold by Thai refineries, with current measures to combat the problem set to expire this month.
According to Energy Minister Supattanapong Punmeechaow, the Energy Ministry has organi...
Despite global supply concerns, oil remains around a two-month high
On Friday, oil prices were hovering around a two-month high, with Brent crude on track for its greatest weekly gain in 1-1/2 months, boosted by the potential of an EU ban on Russian oil and the start of the summer driving season in the US.
Brent crude futures for July fell 9 cents to $1...
Is the recent increase in gas prices beneficial to the United States
Last week, the average price of gas at the pump in the United States was $4.58 per gallon. It will almost certainly rise above $5.00 shortly, as it is currently above $6 in California.
In comparison to Europe, gas prices in the United States are low. The price of a trip to London for th...
The US House of Representatives has passed legislation to prohibit fuel price gouging.
As the party tries to quell public outrage over high pump prices, Democrats in the US House of Representatives have advanced a bill making it illegal for firms to charge "unconscionably excessive" fuel prices.
The bill passed today with a vote of 217-207, giving Democrats a ch...
UAE Fiscal Standing Receives a Dramatic Boost on Higher Oil Prices
According to IMF, higher oil prices have caused a massive improvement in the economic outlook of the Gulf countries. The IMF released a report that shows that the UAE’s 2022 forecast has shifted from a 0.2% deficit to an 8.1% surplus.
This will cause the public debt to slash from ...
Oil prices are falling as China's economic slowdown harms demand
According to Reuters, oil prices were neutral on Friday as China's COVID-19 lockdowns dragged on the forecast for petroleum demand, but supply disruption fears stemming from Western sanctions limiting Russia's crude and product exports supported prices.
Brent crude futures were ...
Oil prices are rising as the United States and Europe explore further sanctions against Russia
On Tuesday, oil prices rose further on rising supply fears, as the United States and its European allies considered putting further sanctions on Russia for its military assault in Ukraine, and Iran nuclear discussions appeared to have come to a halt.
Brent, the global benchmark for two-...
After an attack on an Aramco oil plant, oil prices have risen and begun to recover
Oil prices increased on Friday, recovering from early losses, as traders hurried to purchase following a missile strike on Saudi Arabia's state-run oil corporation Aramco's storage facility.
Brent crude increased $1.20, or 0.7%, to $119.92 per barrel, while West Texas Intermedia...
The Australian government celebrates high fossil fuel prices by shipping coal to Ukraine
The Russian invasion of Ukraine continues to send shockwaves through global energy markets, bringing oil, gas, and coal prices to near all-time highs, but Australia's government has done little to conceal its delight at the enhanced revenues due to be reaped by Australia's fossil fuel bus...
As the Ukraine crisis roils oil prices, Johnson talks with Saudi and UAE leaders
During a tour to the Gulf, British Prime Minister Boris Johnson met with Saudi Crown Prince Mohammed bin Salman (MBS) in Riyadh to discuss shifting away from dependency on Russian oil and gas supplies in the wake of Moscow's invasion of Ukraine.
Saudi energy minister Prince Abdulazi...
Russia's Invasion on Ukraine to Have Adverse Effects on Oil Prices
As the situation between Russian and Ukraine worsens, the biggest issue on the table in the West right now is what type of consequences this was conflict was going to have on the oil prices.
Facts are that Russia happens to be one of the largest producers of oil in the world. It was sta...
Russia-Ukraine Conflict to Increase Fuel Prices Even Further
Last Wednesday, the US announced that it would be deploying around three thousand troops in Eastern Europe amid the Russia-Ukraine conflict.
The escalating tensions between Russia, Europe, and the US have added to the concerns about increasing food and energy prices around the world, wh...