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Oil Prices Extend Decline on Surprise US Inventory Build and Rate Concerns

In Asian trading on Wednesday, oil prices continued their downward trend as industry data revealed an unexpected increase in U.S. inventories, while ongoing apprehensions...

Oil Prices Decline on Fears of High U.S. Interest Rates Depressing Demand

Oil prices fell in early Asian trade on Tuesday as investors anticipated that persistent U.S. inflation and higher interest rates could dampen consumer and...

What determines the price of gasoline?

Gasoline prices are a topic of perennial interest and concern for consumers, businesses, and policymakers alike. The fluctuation of fuel costs at the pump...

Oil Prices Hold Steady, Poised for Modest Weekly Gains Amid Optimism on Demand

Oil prices exhibited minimal movement in Asian trading on Friday but were on track for a mildly positive week, buoyed by a softer dollar,...

Oil Prices Rally as Soft CPI Weakens Dollar and US Inventories Decline

Oil prices surged in Asian trading on Thursday, extending gains from the previous session as a softer-than-expected U.S. consumer inflation reading weakened the dollar...

API Reports 3.1 Million Barrel Decline in U.S. Crude Stockpiles Last Week

The American Petroleum Institute (API) disclosed on Tuesday that U.S. crude inventories experienced a more pronounced decline than anticipated last week, signaling an uptick...

Oil Prices Settle Higher Amid Signs of China’s Economic Recovery; US CPI Looms

Oil prices concluded higher on Monday, buoyed by indications of an improving economy in China, which fueled hopes for increased demand, even as wildfires...

Oil Prices Inch Up Amid Tighter Supply Outlook

Oil prices saw an increase on Tuesday as the balance between supply and demand appeared poised to tighten due to operational disruptions, robust demand,...

Oil Prices Decline Amid Rising US Stockpiles and Supply Caution

Oil prices experienced a downturn in early Asian trading on Wednesday, driven by data indicating a buildup in both crude and fuel inventories in...

Standard Chartered Forecasts Strong Rebound in Global Oil Demand

Despite recent fluctuations in oil prices and concerns over inventory levels, Standard Chartered predicts a robust recovery in global oil demand, particularly in the...

Oil Prices Rebound Amid Tight Supply Prospects Despite Easing Middle East Tensions

Oil prices rallied in Asian trading on Tuesday, bouncing back from recent declines as market participants anticipated potential supply constraints in the coming months....

What is the rack price of gasoline?

In the realm of the energy industry, gasoline plays a pivotal role as one of the most widely used fuels for transportation worldwide. Behind...

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