Tag: gasoline
Up to $1050! In order to fight inflation, California in the United States to issue subsidies to the public
This fall, California will send "inflation relief" checks of up to $1,050 to 23 million residents to help ease the financial burden of the...
Only enough for 27 days? U.S. strategic oil reserves hit record low
The U.S. Strategic crude Reserve (SPR) is being "emptied" in an effort to cushion the crude supply shock… U.S. strategic oil reserves are now below...
Welcome to the storm! The White House is analyzing what the economy will do when oil hits $200
The U.S. is facing its worst inflation since 1981, with poor economic performance and record oil prices pushing Biden's average approval rating to a...
Oil falls around 3% as investors eye U.S. Fed rate hikes
Oil prices tumbled around 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession,...
U.S. Gasoline Demand Increasing, Not Waning
U.S. gasoline demand increased by 5.5 percent on Sunday compared to the previous Sunday and was 11.4 percent higher than the average U.S. demand...
EIA: US Refining Capacity Sinks To Near Decade Low
Operable refining capacity in the United States hit a nearly decade low in 2022, the EIA’s latest Refining Capacity Report showed on Tuesday. U.S. refining...
API Reports Biggest Crude Oil Inventory Rise Since February
The American Petroleum Institute (API) reported a build this week for crude oil of 5.607 million barrels, while analysts predicted a draw of 1.433...
WHY TRADE CRUDE OIL?
Crude oil is the world economy’s primary energy source, making it a very popular commodity to trade. A naturally occurring fossil fuel, it can...
Oil wobbles as global economic worries offset tightening supply
Oil prices edged down on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand offset worries about tightening supplies. Brent...
IMF delegation visits crisis-hit Sri Lanka with time running out
An International Monetary Fund (IMF) team arrives in Sri Lanka on Monday for talks on a bailout programme, but time is short for a...
Types, uses and impacts of crude oil
Crude oil is a liquid fuel source located underground.It is extracted by drilling Wells.Crude oil is used in transportation, petroleum products and plastics. composition: Fifty to...
What is the difference between crude oil and petroleum?
Difference between crude oil and petroleum: Oil in a narrow sense refers to crude oil.In a broad sense, oil is a big concept; rude oil is...