Saturday, December 28, 2024
Fuel prices rise for first time in two months- oil and gas 360

Fuel prices rise for first time in two months

Houston Chronicle Fuel prices rose last week for the first time in several weeks, but that doesn’t mean gasoline costs are back on the rise for long. The cost of a gallon of regular unleaded jumped nearly 4 cents up to $2.19, while the national average rose almost 2 cents to $2.57, according to GasBuddy, which tracks fuel pricing nationwide. “The streak has

Oil hits three-month high on upbeat data, Middle East tension- oil and gas 360

Oil hits three-month high on upbeat data, Middle East tension

Reuters NEW YORK – Oil prices rose on Monday to three-month highs, lifted by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following U.S. air strikes in Iraq and Syria. Brent crude futures LCOc1 gained 55 cents to $68.71 a barrel by 11:17 a.m. EST (1617 GMT).

Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia- oil and gas 360

Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia

Reuters NEW YORK/SINGAPORE – Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries. The price gains in crude oil benchmarks were

Exxon Mobil secures large exploration position offshore Egypt- oil and gas 3620

Exxon Mobil secures large exploration position offshore Egypt

Houston Chronicle Exxon Mobil said Monday it secured a large exploration position offshore of Egypt as the United States’ largest energy player expands its role in developing oil and gas resources in the Eastern Mediterranean. Exxon Mobil, which made a large natural gas discovery offshore of Cyprus 10 months ago, now plans to grow nearby in Egypt’s territorial waters. Exxon also