Search Results for: Crude prices
Oil prices tumble 4% on demand outlook
October 15th, 2014
Crude oil prices tumble again on lower demand; gas prices to follow. Another slump in crude oil prices pummeled the energy sector on Tuesday. Benchmark West Texas sank 4% to $82.32 a barrel – a 28-month low – while ...
Five reasons oil prices are dropping
October 14th, 2014
As oil prices continue to fall, analysts and producers are trying to wrap their heads around the reasons and identify a floor price. Even though crude benchmarks like Brent and WTI keep dropping, the cost of finding oil continues ...
Asian shares, oil prices tumble on growth worries
October 10th, 2014
Asian shares shuddered and Brent crude oil prices tumbled to their lowest since 2010 on Friday after weak German export data raised fears that Europe’s economic woes could drag down the global economy. “European markets face the prospect of ...
Oil prices drop puts at risk Moscow’s Budget
August 21st, 2014
Oil and gas are at the heart of the Russian economy and are largely responsible for keeping Moscow’s government budget in balance. But the recent decline in the price of oil from the North Sea and Texas has now ...
Gold Prices Steady Ahead of Federal Reserve Minutes
August 20th, 2014
The US economy has been moving in the right direction, but inflation numbers in the US remain at very low levels. On Tuesday, CPI and Core CPI, the primary gauges of consumer inflation, both posted paltry gains of 0.1%. ...
Summer Gas Prices Down Despite Geopolitical Turmoil, Higher Demand
August 5th, 2014
The American Automobile Association (AAA) has reported that the average pump price of a gallon of gasoline was $3.52 at the end of July, the lowest since March. In fact, July prices dropped more than they have in six ...
Oil companies may deregulate diesel prices by Diwali
August 4th, 2014
The government raised diesel prices by 50 paise on Friday and under-recoveries – the price differential between cost and selling price on every litre of diesel sold is now Rs 1.33. Diesel prices were first deregulated by the NDA ...
Crude oil falls below $100 for first time since May
July 16th, 2014
The price of oil fell below $100 a barrel for the first time since May even as the deteriorating security situation in Libya has raised questions about whether the country can soon increase crude exports. Benchmark U.S. crude for ...
Gas prices are high…
May 19th, 2014
Rumors about the demise of U.S. gasoline demand have been greatly exaggerated. Until late 2013, most energy observers forecast the world’s most reliably gas-guzzling market to consume less fuel this year. What was once thought to be a structural ...
Oil prices rose amid Ukraine tensions
May 12th, 2014
Oil rose above $100 per barrel on Monday amid renewed tensions over Ukraine. Benchmark U.S. crude for June delivery was up 13 cents to $100.12 a barrel at 0650 GMT in electronic trading on the New York Mercantile Exchange. ...
