Gas prices surge again to record high but the driver is refineries, not oil prices

Gas prices surge again to record high but the driver is refineries, not oil prices

This post was originally published on this siteHigh oil prices are usually blamed for record gas prices, but there’s also a refinery shortage. More oil’s meaningless if we can’t convert it to gas.     

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EU Proposes Ban on Russian Oil Imports

EU Proposes Ban on Russian Oil Imports

This post was originally published on this siteThe European Union proposed a ban on Russian crude within six months and is set to impose sanctions on Russian military officials accused of war crimes.

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Why gasoline prices remain high even as crude oil prices fall

Why gasoline prices remain high even as crude oil prices fall

This post was originally published on this siteEconomists say the real reason might be a quirk of human behavior.

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The World Economy Can Get By Surprisingly Well With $129 Crude

The World Economy Can Get By Surprisingly Well With $129 Crude

This post was originally published on this siteWe can ride out this turmoil, but only if policy makers sit back and wait for the market to rebalance.

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Oil prices jump amid Russia-Ukraine conflict; Biden administration requests $10B in Ukraine aid: Live updates

Oil prices jump amid Russia-Ukraine conflict; Biden administration requests $10B in Ukraine aid: Live updates

This post was originally published on this siteGas is reaching its highest price amid Russia invasion of Ukraine. The Biden administration requested $10 billion in Ukraine support. Latest updates.     

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With $ 110 worth of oil, stock futures are rising in Powell ahead of OPEC

With $ 110 worth of oil, stock futures are rising in Powell ahead of OPEC

This post was originally published on this site U.S. stock futures plummeted as oil prices soared as Russia hit Ukrainian cities and investors waited for a meeting with Federal Reserve Chairman Jerome Powell and the Organization of the Petroleum Exporting Countries and his allies. S&P 500 futures rose 0.1% on...

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Oil tops $100 and shares sink as Russia invades Ukraine

Oil tops $100 and shares sink as Russia invades Ukraine

This post was originally published on this sitePetrol hits another record as crude prices reach their highest level for more than seven years.

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War in Ukraine is expected to lead to higher fuel prices

War in Ukraine is expected to lead to higher fuel prices

This post was originally published on this siteWashington – As Russia moves troops into Ukraine’s Donbas region, experts warn that the likelihood of a civil war erupting in Europe, coupled with heavy sanctions against Russia, is likely to cause instability in the energy market, potentially resulting in significantly higher costs...

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Oil prices have risen to nearly $ 100 a barrel after Putin ordered troops to enter Ukraine

Oil prices have risen to nearly $ 100 a barrel after Putin ordered troops to enter Ukraine

This post was originally published on this site Oil has risen to its highest level since 2014, after Russia ordered the entry of two fugitive regions in eastern Ukraine, adding to prices approaching $ 100 a barrel. The West Texas Intermediate (WTI) crude, the U.S. benchmark, jumped more than 3...

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