Articles Tagged 'oil prices'

Oil Prices Rise Ahead of OPEC Production Cuts

by Anders Keitz |
December 27, 2016
Oil prices were moving higher on Tuesday as investors appear more confident that OPEC and non-OPEC producers will make the production cuts needed to balance… READ MORE

As oil prices plunge, wide-ranging effects for consumers and the global economy

Tumbling oil prices are draining hundreds of billions of dollars from the coffers of oil-rich exporters and oil companies and injecting a much-needed boost for ailing economies in Europe and Japan — and for American consumers at the start of the peak shopping season. The result could be one of the biggest transfers of wealth in history, potentially reshaping everything… READ MORE

Pain at the Gas Pump Continues to Hurt Families, Businesses

March 19, 2012
By U.S. Rep. F. James Sensenbrenner On Sunday, the average price for a gallon of unleaded gasoline in the Milwaukee area hit $4.07. When President Obama took office, it was $1.89. Higher energy costs are a burden on American families and threatening our economic recovery. In 2011, the average household spent an estimated $4,155 at the pump.  In total that… READ MORE

Comin’ this summer… $5 gas

May 30, 2011
By PAUL THARP, The New York Post The forecast for the summer driving season: Hit the road early. Not to beat the traffic, but to beat the higher gas prices expected in mid-July. Goldman Sachs’ crystal ball is proclaiming that oil will soon soar to $135 a barrel, and likely have service stations jacking up fuel prices to $5 a… READ MORE

Saudi Arabia, Abu Dhabi Raise Oil Prices: Persian Gulf Oil

March 7, 2011
By Anthony DiPaola -Bloomberg Saudi Aramco, the world’s largest oil exporter, raised its official selling prices for all crude grades to customers in Asia and Northwest Europe for April shipments and cut prices to buyers in the U.S. Abu Dhabi National Oil Co., the state-run producer in the capital of the United Arab Emirates, lifted official prices to 30-month highs… READ MORE

British motorists facing $9 a gallon at the pump due to Libya crisis

February 27, 2011
By David Millward, The Telegraph The cost of unleaded has broken the barrier in 267 forecourts already and the number is set to increase sharply over the next few days. Brian Madderson, chairman of RMI Petrol, the filling stations’ trade body, said motorists will be paying 10 pence a litre more by the end of April because of the looming… READ MORE

Oil prices surge on fear of Libyan unrest

February 22, 2011
By Patrice Hill-The Washington Times Oil prices soared and global stocks plunged Monday on signs that Libya, a major exporter, will cut oil production amid spreading violence and unrest. Libyan leader Moammar Gadhafi‘s son, Seif al-Islam, warned that Libya‘s oil wealth “will be burned” if the unrest leads to civil war, while an influential Libyan tribal leader offered a counterthreat… READ MORE

Egyptian Civil Strife Sends Oil Close To $100 On Suez Canal Fears

January 30, 2011
By Agustino Fontevecchia, Investors have their eyes on Egypt as civil unrest in the North African country has progressively escalated into a full blown… READ MORE

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