|Day's Range||2.0094 - 2.0253|
On Sunday, a joint committee that includes OPEC members and non-OPEC nations will meet in Jeddah, Saudi Arabia to take a look at oil markets. This committee, known as the Joint Ministerial Monitoring Committee (JMMC) has only been around a few years.
Lines hundreds of cars long are stretched down some of Caracas’s main avenues, waiting to fill up at pump stations that are rapidly running dry. Fuel shortages are now commonplace in the Venezuelan countryside as U.S. sanctions have cut off Venezuela’s imports of American gasoline, but they’ve have only recently hit the capital. State-owned oil company Petroleos de Venezuela SA hasn’t been able to make-up the shortfall, crippled by sinking crude production that has shut four out of five refineries in the country.
Vehicles with internal combustion engines are facing an existential threat from electric vehicles, with one report suggest that gasoline vehicle sales have already peaked
A barge carrying gasoline capsized and leaked its cargo into the Houston Ship Channel near Bayport, Texas, following a collision on Friday with a 755-foot tanker, officials said. It was unclear how much gasoline spilled out of the breached barge, which partially sank. Salvage teams were at the site on Saturday, U.S. Coast Guard officials said.
Mexico will be self sufficient in its gasoline needs in three years, President Andres Manuel Lopez Obrador said on Friday, once a major new refinery he wants to build is due to be completed. "We're going to be self-sufficient in the production of gasoline in May of 2022," Lopez Obrador told reporters during his regular morning news conference. Construction of the new Dos Bocas refinery, which state oil company Pemex will oversee after the government on Thursday turned down bids by private firms for the job, is also due to be completed by May 2022.
Mexican President Andres Manuel Lopez Obrador said on Friday that the country will be self-sufficient in gasoline production by May 2022, following construction of a major new refinery that state oil company ...
We’ve all heard the warning, “If you play with fire, you’re gonna get burned.” Well, that’s nothing compared to the consequences if you steal gasoline straight from the source — an extremely high-risk practice now on the rise in Mexico, where the combustibility of extracting raw fuel from open fields is amplified by the dangers […]
If you’ve ever wondered why it seems like your gasoline isn’t going as far as it used to, you’re not alone, the energy content in United States gasoline has steadily declined
A political brawl between between British Columbia and Alberta over a stalled pipeline expansion is being blamed for handing Vancouver a somewhat dubious municipal distinction.
Suffice to say that gasoline—a prominent contributor to climate change—is not considered very cool right now in places like Santa Cruz, a reliably liberal town which is in the process of being swallowed by the Pacific Ocean. McGinnis’s plan to resuscitate the fuel’s social standing hinges on a machine he’s building that creates usable gas from thin air—rather than the oil deposits deep underground.
Oil prices fell on Friday morning after U.S. President Trump said that he “called up” OPEC and told the cartel that they have to bring gasoline prices down
Hedge funds are betting heavily on higher gasoline prices this summer, anticipating that refiners will struggle to produce enough gasoline to replenish depleted stocks while ramping up diesel output for the shipping industry. Hedge funds and other money managers have accumulated 118 million barrels of bullish long positions in futures and options linked to U.S. gasoline prices compared with just 3 million barrels betting on prices falling. Funds' net bullish position in gasoline has more than doubled to 115 million barrels from 47 million at the end of January, according to position records published by the U.S. Commodity Futures Trading Commission.
In the wake of the announcement that the U.S. will be cutting waivers for Iranian crude, another crisis is forming that could send gasoline prices skyrocketing
CAIRO (Reuters) - Saudi Arabia raised the local price for Octane 95 gasoline to 2.10 Riyals from 2.02 Riyals last quarter and Octane 91 to 1.44 Riyals from 1.37 Riyals per litre, state oil firm Saudi Aramco ...
The U.S. West is feeling the pinch from refining outages and a jump in ethanol prices due to Midwest floods. California stations are selling $4 a gallon gasoline, but for drivers in most other states, unleaded gas this summer may not even reach $3 a gallon or stay there for long if it does. Rising gasoline prices were a big reason why March consumer prices jumped the most in more than a year.