Tuesday, September 17, 2024
EIA: Real U.S. gasoline prices at Thanksgiving unchanged from 2021- oil and gas 360

EIA: Real U.S. gasoline prices at Thanksgiving unchanged from 2021

Oil Price Inflation-adjusted average U.S. gasoline prices ahead of Thanksgiving are up by 7.5% compared to the same time last year, in line with the overall rise in consumer prices, the U.S. Energy Information Administration (EIA) said on Wednesday. U.S. consumers paid on average $3.65 per gallon at the pump for regular gasoline on November 21, the Monday before Thanksgiving. This is

Treasury Department releases guidelines for Russian oil transport ahead of planned price cap- oil and gas 360

Treasury Department releases guidelines for Russian oil transport ahead of planned price cap

CNBC The Treasury Department issued new guidance Tuesday about policies on the maritime transport of Russian oil ahead of a planned price cap in early December.     The guidance, which complements the U.K.’s newly-released policies, outlines how U.S. service providers can continue carrying Russian seaborne oil that was loaded before Dec. 5, while complying with a strategic price cap on that oil

Iran claims oil, petrochem exports hit highest since 2018- oil and gas 360

Iran claims oil, petrochem exports hit highest since 2018

Oil Price Iran’s exports of crude oil, condensates, and petrochemical products hit their highest level in the Iranian month of November since 2018, when the U.S. reimposed sanctions on the Islamic Republic’s oil industry, Petroleum Minister Javad Owji said. “Iran’s oil industry is currently at the forefront of the economic war and the highest sanctions have been imposed on the industry,”

U.S., Allies eye $60 price cap for Russian crude- oil and gas 360

U.S., Allies eye $60 price cap for Russian crude

Oil Price The United States and its allies are hoping to establish the price level at which Russian crude oil will be capped, people familiar with the talks told the Wall Street Journal on Tuesday.   Officials are talking about setting the price at which Russia’s crude oil will be capped at $60 per barrel. The group will meet on

Oil prices fall more than $2 on Russian oil price cap talks- oil and gas 360

Oil prices fall more than $2 on Russian oil price cap talks

US News LONDON – Oil prices fell by more than $2 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading.   Brent crude futures fell $2.82, or 3.19%, to $85.54 a barrel by 1450 GMT, while U.S. West Texas Intermediate (WTI) crude

U.S. crude oil inventories increase by 0.8 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 3.7 million barrels

Weekly Crude Oil Storage as of November 18, 2022     U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week.  At 431.7 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year, according to the EIA crude oil and

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