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US Fuel Sales to Cuban Business Bring a Glimpse of Capitalism to Havana

CDN and International News, Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil / By

Gasoline at $38 a gallon sold from cramped apartments. Diesel hawked on Instagram by a celebrity model to a reggaeton soundtrack. Six decades after Fidel Castro’s revolution, all of a sudden, capitalist cracks are appearing in Cuba’s communist energy sector. Under Washington’s crippling oil embargo against Cuba, an exception that allows U.S. firms to export …

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White House Set to Extend Jones Act Waiver as Trump Hunts for Cheaper Gasoline

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil and Chevron for making “too much money.” …

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Trump Demands Lower Gas Prices From Oil Companies, Chides Chevron CEO

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

  U.S. President Donald Trump again called on oil companies to lower gasoline prices for American consumers on Monday, chiding Chevron Chief Executive Mike Wirth for not crediting his administration’s efforts to help the oil industry. Trump admonished Wirth for failing to credit his administration – in a television interview – with helping oil companies, including creating …

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Exxon, Chevron Warn of Continued High Fuel Prices From Iran War

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

Top U.S. oil producers ExxonMobil and Chevron warn that global supplies of diesel and other refined products will likely remain tight and lead to persistently high prices in the second half of the year as the Iran war continues to cause major energy disruptions. Both companies reported large jumps in second-quarter refining profits on Friday …

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Soccer World Cup Helped Lift US Jet Fuel Demand to Record Last Week, EIA Data Shows

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – U.S. jet fuel demand hit a record high last week as soccer fans thronged to New York and New Jersey to watch Spain take on Argentina in the final match of the World Cup, data from the U.S. Energy Information Administration showed on Wednesday. U.S. jet fuel product supplied – the EIA’s way …

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Why Oil Prices Haven’t Gone Crazy Despite 5 Months of US-Iran War

Energy Topics & Technology, Gasoline, Latest, US News / By

By Anushree Ashish Mukherjee China sharply cut crude imports and demand, reducing pressure on global oil markets U.S. boosted output and released Strategic Petroleum Reserve crude June reopening of Strait of Hormuz eased immediate supply fears July 20 (Reuters) – As the United States and Israel went to war with Iran at the end of …

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US Drivers May Soon See Pump Prices Climb Back Up to $4

Energy Topics & Technology, Gasoline, Latest, US News / By

By Nicole Jao National average pump price $3.84/gallon, up 9.8 cents in a week Gasoline prices surged along with crude after truce collapsed Fewest tankers in two months transit the Strait of Hormuz NEW YORK, July 14 (Reuters) – Americans could soon see gasoline prices top $4 a gallon again as ​renewed hostilities between the …

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AMERICAN ENERGY SNAPSHOT: Why Gasoline Prices Don’t Always Move in Lockstep with Crude Oil Prices

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

By API – American Petroleum Institute The situation in the Middle East remains highly uncertain with renewed escalation, and energy markets continue to respond to each new development. Over the past several weeks, crude oil and gasoline prices have swung sharply higher and lower as markets reassess evolving geopolitical risks. Yet despite those twists and turns …

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US Pain at the Pump Worsens After More US-Iran Fighting Lifts Oil Prices

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

Summary   AAA data showed average US gasoline prices rose 6 cents this week to $3.88 a gallon Friday Refinery outages in Russia and the United States are squeezing fuel supplies EIA data showed US petroleum products exports hit a weekly record 8.7 million bpd (Reuters) – U.S. drivers have seen gasoline prices climb again …

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Fuel Markets Flash Supply Crunch Despite Calmer Oil Prices

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – Gasoline and diesel markets are signalling a fuel supply crunch despite relatively subdued crude oil prices, suggesting the energy shock from the Iran war may be far from over. Energy prices surged after the U.S.-Israeli war on Iran led to the effective closure of the Strait of Hormuz, which carried about a fifth …

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