Western Shell and Chevron have decided leaving Ukraine's energy market, citing political instability and a sharp slide in oil prices.
The number of active oil rigs in the US dropped by 56 to 866 this week, according to oil services company Baker Hughes' weekly count of active North American oil and gas rigs. In the wake of falling oil prices, the number of US oil rigs...Show More Summary
Asian spot liquefied natural gas (LNG) prices were steady on Friday, as end users remained mostly well-stocked and in no rush to buy, traders said. The
TweetThings were bad before, but I think we’re entering performance art territory here, up in Marin County. Via Yelper Eddie H: The Yelpers, they are not happy. Suffer Deb: “I feel like I just got mugged. They are charging $6.97 for regular (other yelpers posted pics). The average price for gas in northern California is […]
From February through May, gas prices have historically tended to rise. However, between refinery strikes and shutdowns (and blend transitions), 2015 has seen gas prices rise from the start of February at the fastest pace on record.Show More Summary
I know it sounds counterintuitive to say that high gas prices are a good thing. Why would high prices on anything be good? The reason is simple: Prices help shape consumer behavior in lots of areas, including clothing, food and housing. Show More Summary
Retail sales plunged in February for a third consecutive month as consumers remained hesitant to spend the money they've saved from low gasoline prices and bad weather added another obstacle for shoppers.
Ukraine's Energy Minister Volodymyr Demchyshyn said that his country also aims to increase the transit price for Russia by at least 30 percent.
SandRidge Energy Inc was built for $90 oil, and that calls its future into question now that oil prices aren't likely heading back there anytime soon.
French oil major Total is selling its stake in the North Sea Laggan-Tormore oil and gas field as it seeks to shed assets after a steep fall in the oil price, banking sources said.
It is becoming just a little too much of a daily occurrence but instead of a rail freight car crashing, today we see a massive explosion and fire erupt from an oil tanker crash in Detroit... As gas prices remain low, the shift from rail to road will likely increase the frequency of these scenes.... Show More Summary
What is the actual value of the oil, gas and coal fields owned by big energy corporations, which gives them their stock price and allows them to be counted as assets for borrowing purposes?
Why megastores could benefit from persistently lower gas prices.
Stick a fork in the now proven wrong theory that plunging gas prices would boost consumer spending. Why? Because 4 months after the full impact of tumbling gas price was said to become apparent, consumer spending is not only not picking...Show More Summary
There are three major reasons for the decline in U.S. natural gas prices over the last 12 months, all of which have resulted in higher-than-expected supply.
Categories: Commodities, Guest Post, Price Forecast Tags: General News, Guest Posts, Mintec Spend Matters welcomes this guest article by Zulfqar Ali of Mintec. Ethanol prices in the US have dropped by 38% in the last 12 months, dropping to a 5-year low. Show More Summary
More American oil companies are facing hard times, as falling gas prices hurt their bottom lines
Thanks in part to low gas prices, Americans are finally seeing decent real wage growth. This, as Deutsche Bank's Torsten Sløk points out, could mean really good things for consumer spending. SEE ALSO: Ladies and gentleman, we have a tiny bit of wage growth Join the conversation about this story »
Wilfredo Lee/AP By Jennifer Saba The average price of regular grade gasoline rose 21 cents in the past two weeks, bringing it to $2.54 a gallon, according to the Lundberg survey released Sunday. Prices bottomed out on Jan. 23. However,...Show More Summary