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Tag: oil prices

Fuel expert calls for petrol retailer cap to stop gouging at the pump | The Sydney Morning Herald

Fuel expert calls for petrol retailer cap to stop gouging at the pump | The Sydney Morning Herald

A fuel pricing expert has called for a cap on petrol retailer margins as wholesale fuel prices fall but prices at the pump rise, hitting consumers ahead of Christmas. Petrol price monitoring company Fueltrac’s chief Geoff Trotter said the consumer watchdog and governments need to stop the gouging of motorists. Petrol prices in Melbourne and […]

AAA Says Global Oil Glut is Good News for Gas Prices | Spectrum Local News – Buffalo

AAA Says Global Oil Glut is Good News for Gas Prices | Spectrum Local News – Buffalo

Downstate resident Steve Schoenfeld was in Western New York on business for a few days. While he’s not surprised by the cold weather, he is surprised by the gas prices. “I’m finding closer towards $3 a gallon, and this is the one time I’m buying gas when I’m up here just filling up my rental […]

Company will refund customers affected by price gouging during Hurricane Harvey | SBG San Antonio

Company will refund customers affected by price gouging during Hurricane Harvey | SBG San Antonio

AUSTIN — Texas Attorney General Ken Paxton announced Tuesday that the owner of several gas stations in the Dallas-Fort Worth area will repay customers who were price gouged during Hurricane Harvey last year. Paxton’s office received complaints that the two gas stations owned by Bains Brothers, LLC were charging up to $6.99 per gallon of […]

Oil prices surge on trade war truce, prospects for Russian output cuts | Fox Business

Oil prices surge on trade war truce, prospects for Russian output cuts | Fox Business

Oil prices surged more than 3 percent Monday on prospects for a cut in global output and hope that a ceasefire in the U.S.-China trade war will boost demand for the commodity. The U.S. benchmark crude oil, West Texas Intermediate, popped more than 5 percent early Monday before paring that gain. … But the more […]

Alberta plans to buy 7,000 rail cars to ease ‘crisis’ in oil price differentials | Financial Post

Alberta plans to buy 7,000 rail cars to ease ‘crisis’ in oil price differentials | Financial Post

TORONTO — Alberta needs to buy as many as 7,000 rail cars if it wants to meet its goal of shipping an additional 120,000 barrels of oil a day, says Premier Rachel Notley. In a speech to the Toronto Board of Trade Thursday, Notley said her province is prepared to buy roughly 80 locomotives, with […]

UK gas prices rise as demand to “surge” on cold | montel

UK gas prices rise as demand to “surge” on cold | montel

(Montel) UK day-ahead prices jumped around 1p on Friday amid forecasts of cold weather, which would see consumption “surge”. The day-ahead contract on the UK NBP hub was last seen up 1.45p at 71.65p/th, though the Dutch equivalent on the TTF was down EUR 0.025 at EUR 26.75/MWh. “Monday’s consumption in the UK will surge […]

Argus Adds New Marine Fuel Price Assessments | AOG Digital

Argus Adds New Marine Fuel Price Assessments | AOG Digital

Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers. International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the […]

Fuel prices continue to fall as global crude rates ease | The Economic Times

Fuel prices continue to fall as global crude rates ease | The Economic Times

State-run oil-marketing companies continued to cut the prices of key transport fuels — petrol and diesel — well into the fourth week on Saturday on lower global crude oil prices. According to the Indian Oil Corp data, petrol was priced at Rs 77.89 per litre in the national capital on Saturday, 17 paise lower from […]

Saudis Raise Asia Crude Pricing as U.S. Puts Curbs on Iran | Bloomberg

Saudis Raise Asia Crude Pricing as U.S. Puts Curbs on Iran | Bloomberg

Saudi Arabia raised pricing for the Medium and Heavy crudes it sells to Asia, a sign that OPEC’s biggest producer sees robust demand for the grades as it boosts output to offset the impact of energy sanctions on Iran. State-owned Saudi Aramco increased its official selling price for December sales of Medium crude to Asia […]

Capping petrol price ‘will hit profit and lead to job losses’, fuel retailers warn | BusinessDay

Capping petrol price ‘will hit profit and lead to job losses’, fuel retailers warn | BusinessDay

The Fuel Retailers Association, representing more than 2,500 fuel retailers, has hit back at the government’s proposal to cap the price of 93 octane petrol, claiming it will cut into wafer-thin profit margins and accelerate job losses in the sector. In a bid to ease the pressure high petrol prices are putting on consumers, the […]