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It’s the battle that will define the US oil market this decade. On one side, the combination of rising sales of electric vehicles, more efficient conventional cars, and the impact of working-from-home is pushing down gasoline demand; on the other, the ever-growing popularity of plastics combined with a growing population is boosting consumption of petrochemicals.In […]

By now, we’ve all come to understand just how great of an influence beauty creators, especially ones who are white with millions of followers in their back pockets, have on our beauty buying habits. While the marker of a beauty product’s success is how quickly and how much it sells out (the scarcity of the […]

The Biden administration is delaying the replenishment of the nation’s emergency oil reserve after deciding the offers it received were either too expensive or didn’t meet the required specifications, according to people familiar with the matter. The Department of Energy rejected the several offers it got for a potential purchase in February, said the people, […]

It’s been a painful start to the new year for oil bulls. While China’s emergence from Covid Zero spurred talk of a demand boom from some of the market’s biggest names, a significant resurgence in energy consumption remains weeks, if not months away. 

LIZANA, Miss. (WLOX/Gray News) – Four days after the helicopter crash that killed four men in the Gulf of Mexico, family confirmed the helicopter has been located. Three oil rig workers and a . . .

California-based oil giant Chevron Corp. has been given permission by the U.S. government to send two oil tankers to Venezuela in a mission that would be the first to bring back oil to the United States from the South American country in almost four years. One of the tankers will take on the task of […]

Oil and gas groups are set to dominate the list of best-performing US stocks in 2022, after bumper profits following Russia’s invasion of Ukraine drew investors back to the sector. Of the 25 performers in the benchmark S&P 500 index of stocks, as many as 15 will be fossil fuel operators. Occidental Petroleum is likely […]

Oil pumpjacks operate near residences in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Oil prices rose in light trade on Tuesday on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil. Brent crude was up 73 cents, or 0.9%, at […]

SINGAPORE, Dec 27 (Reuters) – Oil prices rose to three-week highs on Tuesday as China’s latest easing of COVID-19 restrictions raised fuel demand hopes and concerns that winter storms across the United States are affecting energy production continued to buoy prices. Brent crude was up 88 cents, or 1.1%, at $84.80 a barrel by 0253 […]

The rupee declined by 7 paise to close at 82.86 (provisional) against the US dollar on Friday due to firm crude oil prices and steep losses in domestic stocks amid growing concerns about interest rate hikes.       A weak greenback in the global markets restricted the local unit’s losses, forex dealers said.       […]

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