OPEC

Fuel Prices Moving Lower As Oil Prices Hold Steady
Fuel Prices Moving Lower As Oil Prices Hold Steady
Fuel Prices Moving Lower As Oil Prices Hold Steady
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...
After A Turbulent Year, Oil Prices Have Calmed, As Of Recent
After A Turbulent Year, Oil Prices Have Calmed, As Of Recent
After A Turbulent Year, Oil Prices Have Calmed, As Of Recent
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...
OPEC Announcement Pushing Fuel Prices Higher
OPEC Announcement Pushing Fuel Prices Higher
OPEC Announcement Pushing Fuel Prices Higher
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...
Oil Prices Move Higher As Fuel Prices Jump
Oil Prices Move Higher As Fuel Prices Jump
Oil Prices Move Higher As Fuel Prices Jump
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...
Oil Prices, Demand Remain High
Oil Prices, Demand Remain High
Oil Prices, Demand Remain High
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 ...
Groups Ask for Year-Round Access to Biofuels
Groups Ask for Year-Round Access to Biofuels
Groups Ask for Year-Round Access to Biofuels
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 ...
Tight Oil Supplies Push Oil Prices Higher
Tight Oil Supplies Push Oil Prices Higher
Tight Oil Supplies Push Oil Prices Higher
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 ...
DeHaan: Fuel Price Picture Trying To Return To “Normal”
DeHaan: Fuel Price Picture Trying To Return To “Normal”
DeHaan: Fuel Price Picture Trying To Return To “Normal”
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 ...
Fuel Prices Continue Decline Ahead of Christmas
Fuel Prices Continue Decline Ahead of Christmas
Fuel Prices Continue Decline Ahead of Christmas
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 ...

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