OPEC

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 ...

While investors are starting to look at life past omicron, the latest COVID-19 variant continues to have the biggest impact on oil prices. Patrick DeHaan with GasBuddy noted that West Texas Crude traded in the mid-$80 per barrel range during Monday’s action and closed with some of the highest prices since the summer. The ...

Oil prices continue their downward trend as we get ready to celebrate the holidays. In Monday’s action, West Texas Crude was trading around $68 per barrel. While concerns about the omicron variant are weighing down oil prices right now, many investors actually have their eyes focused on the New Year. CNB ...