Tag: commodity pricing

Brent crude pares losses, but specter of output boost lingers | Reuters

Brent crude pares losses, but specter of output boost lingers | Reuters

International crude benchmark Brent futures LCOc1 were up 68 cents at $75.98 a barrel by 1405 GMT, while U.S. crude futures CLc1 dropped 65 cents to $67.23. Brent now commands its largest premium over U.S. futures in more than three years, meaning U.S. exports are rapidly becoming far more competitive globally than those from northern […]

Oil retailers, aviation stocks rally 3-20% after sharp correction in crude prices | moneycontrol

Oil retailers, aviation stocks rally 3-20% after sharp correction in crude prices | moneycontrol

Share prices of oil marketing and aviation companies rallied between 3 percent and 20 percent after sharp correction in crude oil prices from 2018 high. IOC, HPCL and BPCL shares gained 8 percent, 6.7 percent and 6 percent, respectively while Jet Airways (up 6.7 percent), SpiceJet (up 13 percent) and InterGlobe Aviation (up 3.3 percent) […]

Draft rules to make oil pricing transparent out | BusinessMirror

Draft rules to make oil pricing transparent out | BusinessMirror

AS continuing price surges have shifted public anger mostly to the TRAIN law that mandated higher fuel excise taxes, the government moved to require a more transparent, unbundled system for informing people of the breakdown of petroleum product prices. The Department of Energy (DOE) has released the draft rules on petroleum price monitoring, meant to […]

U.S. Steel Prices on Knife’s Edge as Tariff Deadline Nears | WSJ

U.S. Steel Prices on Knife’s Edge as Tariff Deadline Nears | WSJ

U.S. steel prices won’t stop breaking away from those in Asia and Europe, in a rally driven by confusion about what Washington’s import tariffs will look like. The rise in U.S. prices has come ahead of the June 1 deadline for many major exporting countries to negotiate deals that would at least partially exempt them […]

Airlines will collapse because of rising oil prices, Ryanair CEO says | Business Insider

Airlines will collapse because of rising oil prices, Ryanair CEO says | Business Insider

“Some of those loss-making airlines who couldn’t make money when oil was at $40 a barrel certainly can’t survive this winter with oil at $80 a barrel.” O’Leary did not specify any particular airlines he thinks are at risk. Oil passed above the $80 per barrel mark last week, as a continuing squeeze by the […]

Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing | Lanka Business Online

Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing | Lanka Business Online

“On the long term, there will continue to be global price volatility and other macro-economic factors, which are largely unpredictable, affecting the local LPG Industry,”Thilak De Silva, managing director, LAUGFS Group said. “Therefore, we believe a fair and effective pricing formula based on key indicators would help address this situation, where consumers would be able to enjoy […]

The Australian dollar is getting a boost from surging crude oil prices | Business Insider

The Australian dollar is getting a boost from surging crude oil prices | Business Insider

“After yesterday’s decision by President Trump to pull out of the Iranian nuclear deal and reinstate sanctions on Iran, oil prices embarked on a steady rise aided as well by overnight news of an unexpected drop in US stockpiles, reinforcing the notion that the oil market is tightening and hence vulnerable to a reduction of […]

Boycott: Sidi Ali Blames Prices on Taxes, Angers Boycotters | Morocco World News

Boycott: Sidi Ali Blames Prices on Taxes, Angers Boycotters | Morocco World News

Prices Remain the Same Refuting the claims of boycotters, who said that the company has monopolized the Moroccan market and increased its prices, Sidi Ali wrote that it made a decision not to “increase the selling prices of all bottle sizes since 2010.”  The decision was taken “despite steady inflation and the increase of the […]

Oil prices respond to U.S. move on Iran with surge | UPI.com

Oil prices respond to U.S. move on Iran with surge | UPI.com

Global spare capacity is at a premium. Late Tuesday, the American Petroleum Institute reported U.S. commercial crude oil inventories declined 1.8 million barrels last week, far greater than the 400,000 barrel drop forecast by commodity pricing group S&P Global Platts. While the United States is producing more oil, it’s also exporting more. Extra supplies from […]

Study: Money trumps morals for getting customers to save energy | Energy News Network

Study: Money trumps morals for getting customers to save energy | Energy News Network

Ultimately, researchers concluded that utilities should use a combination of both customer messaging and dynamic pricing. Since 2007, ComEd and Ameren customers who participate in opt-in hourly pricing programs have saved $27 million while reducing greenhouse gas emissions, according to Elevate Energy, who administers the program. Still, today, most utility customers pay an average price […]