Good news for those traveling next week. Oil prices have fallen considerably which is impacting gas prices. Currently, the national average gas price is $2.68 a gallon. While this is higher than the price drivers paid last Thanksgiving, the national average was $2.52 a gallon, it’s still lower than this year’s high of $2.97 a […]
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The United States sanctions against Iran’s oil exports entered into full force last week as the United States attempts to cripple Iran’s oil-dependent economy and suppress their nuclear desires. Although Washington has vowed to halt all purchases of crude from Iran, it recently supplied eight countries with waivers to continue imports without penalty for the […]
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Reuters reported Monday that Saudi Energy Minister Khalid al-Falih said OPEC and its allies will need to cut around 1 million barrels per day from October’s production levels beginning next year to overcome the crude oil oversupply situation. This comes a week after the U.S. granted waivers to its allies to purchase Iranian oil which helped perpetuate […]
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On October 3rd The oil market intraday highs were as follow:Crude Oil – 76.92RBOB Gasoline – 2.1464ULSD Diesel – 2.4541
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As we approach the holidays, here are a few things oil and gas companies are juggling:
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Recap
Read MoreAs some of the political machines of the mid 1800s coined the jocular phrase of “vote early and vote often”, I can’t help but think about all the spirited voters racing to their local polling establishments today and how the energy and equity markets have reacted to midterm elections of the recent past. Over the […]
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As we head towards Iran oil sanctions and mid-term elections next week, we are focused on the following 4 topics
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While energy poverty is an issue that has a global impact, energy insecurity is a more common problem in the U.S. than most realize. Energy poverty impacts areas of the world where access to modern energy does not exist while energy insecurity impacts households who cannot afford to pay for household energy. The Energy Information […]
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With the Iran sanctions looming, international oil markets are looking for alternative crude suppliers. The United States and the European Union (EU) as well as many others, have initially turned to Saudi Arabia. However, there is uncertainty of the Saudi’s ability to fill in the production gaps given the recent turmoil over a murdered Saudi […]
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