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Tanker Carrying Fuel Originally Bound for Cuba Diverts to Trinidad, Shipping Data Shows

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

By Marianna Parraga Vessel Sea Horse had loaded a Russia-origin cargo earlier this year US Treasury said a waiver to Russian ​cargoes does not cover sales to Cuba March 20 (Reuters) – A ‌tanker carrying fuel originally bound for Cuba on Friday changed its destination to Trinidad and Tobago, according to LSEG ship-tracking data, a …

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German Minister Eyes Windfall Tax on Oil Firms to Ease High Energy Costs

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

(Reuters) – German Finance Minister Lars Klingbeil is examining additional ways to relieve consumers from rising fuel prices due to the Iran war, including introducing a windfall tax on oil companies, his ministry said on Thursday. The money gained from the tax could be used to finance an increase in the commuter allowance, for example, …

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COMMENTARY: Latest Oil Crisis Readies Hammer for Demand Curve

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By Robert Cyran NEW YORK, March 18 (Reuters Breakingviews) – It took two Middle East oil shocks for the world to really focus on energy efficiency. The result was a multi-decade, steady reduction in the amount required to produce a certain amount of wealth. If the region’s latest crisis persists, it will accelerate the trend …

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US Drivers Face Long-Term Pain at Pump, Analysts Say; Trump Bets They are Wrong

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

  Summary US EIA lifts forecast for average 2026 crude price by 37% EIA’s average gasoline price estimate for 2026 is up 15% US pump price of $3.79/gallon is up from $2.92 a month ago (Reuters) – President Donald Trump and congressional Republicans are betting the oil-price shock sparked by the Iran crisis will be …

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US Gasoline Prices Surpass $3.50 a Gallon at the Pumps as Iran War Rages On

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The national average retail price of gasoline crossed $3.50 a gallon this week to hit its highest since May 2024, data from price tracking services AAA and GasBuddy showed, as the Israel-U.S. war with Iran stokes supply concerns. Disruptions to Middle Eastern oil exports through the Strait of Hormuz have caused a surge in fuel …

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Higher Gasoline Prices, Volatile Stocks, Could Hit Both Low- And High-Income US Consumers as War Persists

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By Howard Schneider Gas prices rise, stocks volatile amid US-Iran conflict Lower-income households may cut spending, affecting businesses Fed faces challenge balancing inflation and growth amid conflict WASHINGTON, March 10 (Reuters) – Rising gasoline prices and a wobbly stock market are increasing the risk the U.S.-Israeli war on Iran could hit hard among consumers across …

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Trump Weighs Easing Russia Sanctions, Other Measures to Cool Oil Prices

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

By Jarrett Renshaw Trump weighs steps to ease oil prices Options include Russia sanctions relief, G7 oil reserve release Strait of Hormuz disruptions limit immediate impact March 9 (Reuters) – U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at …

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US Energy Chief Cchris Wright Defends Waiver on Russian Oil Sanctions, Blames Fear for Higher Gas Prices

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

Trump administration officials on Sunday defended a decision to temporarily lift some sanctions on Russian oil and predicted that a sharp increase in gasoline prices resulting from the Iran war would last only weeks. Appearing on multiple TV talk shows, Energy Secretary Chris Wright and U.S. Ambassador to the United Nations Mike Waltz said a …

US Energy Chief Cchris Wright Defends Waiver on Russian Oil Sanctions, Blames Fear for Higher Gas Prices Read More »

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