OPEC

Nobody may be happier to see the month of September come to an end than oil investors.  Oil prices experienced a volatile month, with prices all over the map, wrapping up the month below the $70 per barrel mark.  And those prices may continue to move lower, as OPEC looks at resorting oil production levels.   So, why wo...

Oil prices continue to shed the gains they saw in late July.  A barrel of West Texas Crude dropped roughly $2 in the past week, and is now sitting below $75 per barrel.  Patrick DeHaan with GasBuddy.com said the past couple of weeks have been a bumpy ride for oil.   “There's b...

Oil prices have held fairly steady over the past couple of weeks.  West Texas Crude was down slightly to $85 per barrel in Monday’s trade.  But, despite the last of movement, fuel prices had been steadily dropping since early October.   So, why the disc...

It’s safe to say when it comes to oil prices, 2022, has been anything by a typical year.  After a summer filled with volatility and fuel prices that rocketed up to levels we've never seen before, Patrick DeHaan with GasBuddy said thing have calmed down relatively speaking.  West Texas Cr...

Fuel prices continue to move higher after OPEC nations announced last week that production would be cut by two million barrels per day starting next month.  Economic experts say this will send fuel prices soaring, and could put the global economy in a tailspin.  OPEC of...

After moving lower in much of September, oil prices have turned things around, and are now trending higher.  In early trade Tuesday, the price for West Texas Crude was trading around $84 per barrel.  And with that increase in oil prices, fuel prices have increased substantially over the past couple of weeks.  Dan Pickering, CE...

The price for oil continues to set records, with West Texas Crude trading over $121 per barrel in early Tuesday action, that’s nearly double the price we saw back in August. With energy prices driving inflation to levels the U.S. econ ...

The top biofuel and farm advocate groups in the U.S. called on the administration to swiftly expand access to plentiful, lower-cost biofuels as fuel prices get closer to record levels. Russia’s invasion of Ukraine is sparking fuel prices higher, and the EPA will soon finalize biofuel blending requirements for 2021 and 2022. The ...

Amid talks of climate change and a future of electric vehicles, a recent forecast suggests 2023 U.S. oil production will surpass the 2019 record. The U.S. Energy Information Administration released the forecast last week week, predicting U ...

Oil prices rose slightly in Monday’s trade, thanks to the expectation that oil supply will remain tight globally. Despite a recent increase in oil production from Libya, the anticipation is there will not be enough oil for economies and consumers as eyes turn to a hopeful life after COVID-19. D ...