April 14, 2020The U.S. Energy Information Administration (EIA) produces two weekly reports that track the latest retail prices of select petroleum products: the Gasoline and Diesel Fuel Update (GDFU), which is published every Monday, and the Heating Oil and Propane Update (HOPU), which is published each Wednesday during the winter (October through March). Petroleum product … [Read more...] about EIA tracks retail prices for gasoline, diesel, and residential heating fuels weekly
Oil & Gas
Oil gains as US shale production set to fall sharply
Oil pumping jacks, also known as "nodding donkeys," operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major … [Read more...] about Oil gains as US shale production set to fall sharply
Trump’s crude problem: OPEC diplomacy can’t save America’s oil jobs
President Donald Trump proclaimed victory after helping to broker an OPEC-Russia agreement for the largest cut in oil production the cartel has ever seen. But a glut of crude in storage tanks, ships and pipelines around the world means plenty of trouble is still ahead for the U.S. oil jobs he’s trying to save. After years of urging OPEC to raise oil production, Trump … [Read more...] about Trump’s crude problem: OPEC diplomacy can’t save America’s oil jobs
OPEC, oil nations agree to nearly 10 million barrel cut
Oil prices have collapsed as the coronavirus and the Covid-19 illness it causes have largely halted global travel and slowed down other energy-chugging sectors such as manufacturing. | Gregory Bull, File/AP Photo By ASSOCIATED PRESS 04/12/2020 05:59 PM EDT DUBAI, United Arab Emirates — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented … [Read more...] about OPEC, oil nations agree to nearly 10 million barrel cut
Oil-Producing Countries Reach Final Deal to Cut Output
Saudi Arabia, Russia and other oil-producing nations completed an agreement on Sunday to slash oil production that was along the lines of their tentative accord last Thursday.The one holdout that had delayed the plan was Mexico, which stood firm on its position to cut 100,000 barrels a day and not the 400,000 barrels that Saudi Arabia had pushed for. The final agreement will … [Read more...] about Oil-Producing Countries Reach Final Deal to Cut Output