oil

Oil prices have inched a little higher in the past week, rebounding from the lowest prices we’ve seen in roughly a year.  A barrel of West Texas was up roughly $2 in Monday’s trade, hovering around $75.  And while that is higher week-over-week, Patrick DeHaan with GasBuddy noted that’s still one of the lowest prices we’ve seen in 2022.  DeHaan noted the recent swing higher in o...

Russia resumed its blockade of grain shipments exiting Ukraine on Sunday after announcing the country is pulling out of the grain deal brokered, in part, by the United Nations.  The Hagstrom Report said the amount of grain available for global markets and possible price increases are concerns getting raised around the world.   ...

According to the USDA, farm production expenses hit $392.9 billion in 2021, a 7.3% year-over-year increase ($3.66.2 billion in 2020).  The four biggest expenditures totaled $189.4 billion, just over 48% of all expenses last year.  Those four are feed at 16%, farm services at 11%, livestock, poultry, and related expenses at 10%, with labor accounting for 9.4%. The total fu...

Gas and biofuel prices will go even higher amid conflict between Russia and Ukraine, but biofuel leaders argue that corn ethanol will still be cheaper than gasoline and able to meet demand. Geoff Cooper, President and CEO of the Renewable Fuels Association says there’s no arguing that fuel prices go up during war. ...

The warnings are out: war between Russia and Ukraine will drive fuel prices even higher. Biofuel interests say the U.S. response should be more, not less ethanol and biodiesel use, adding oil and gas are a Russian political weapon, while rare earth minerals for electric vehicles can be a Chinese weapon ...

The Senate confirmed New Mexico Democratic Representative Deb Haaland as the new Secretary of the Interior. Haaland is the first American Indian to hold the post. Native American groups applauded her confirmation, but there is controversy over her views on oil and gas leases on federal land and fracking ...

The Monthly Food Price Index averaged 116.0 points in February 2021, 2.4% higher than January, marking the ninth month of consecutive rise. The index by the United Nations Food and Agriculture Organization reached its highest level since July 2014 ...

This time of year, producers have so much on their mind as they start another growing season. One thing they don’t want to worry about it making sure they have enough fuel for those day to day operations. That’s where Coleman Oil steps in to help. Chu ...

Gas and oil production has increased considerably in the United States over the past decade.  Between 2004 and 2014, production increased 69%, with two-thirds of that production originating on farmland.  What does that mean for both farm operators and non-operator landlords in terms of potential income, leasing, etc.? Clau...

Oil prices have held steady over the past couple of weeks, but that trend could change in the coming days, thanks to trade issues with China.  Patrick DeHaan with GasBuddy.com said a trade war with China is bad news for the American economy, and will impact what we pay at the pump.  ...