Tag: oil prices

Varying fuel costs at pumps raise doubts about owners | Times of India

Varying fuel costs at pumps raise doubts about owners | Times of India

PUNE: Citizens are foxed by the difference in fuel prices at various pumps in Pune on any given day and time. City-based businessman, Prasanna Parmar, said he visits the pumps affiliated to all three state-owned oil companies before deciding where to refuel his vehicle. “The prices of petrol and diesel at Hindustan Petroleum Corporation Limited […]

Has surging crude oil brought politics back to energy pricing? | Livemint

Has surging crude oil brought politics back to energy pricing? | Livemint

Fuel prices in India have remained range-bound in the past six months although crude oil has surged, indicating that state-run retailers are mindful of the political impact of rising fuel prices, although they have the freedom to revise rates daily, in line with changes in crude prices. Petrol prices in Delhi rose by about 6% […]

Review Of January 2018 First Pricing-Window: Fuel Prices To Rise Between 3 And 5% | Modern Ghana

Review Of January 2018 First Pricing-Window: Fuel Prices To Rise Between 3 And 5% | Modern Ghana

World Oil Market Prices Crude Oil prices continue to surge on the global commodity market, as Brent crude price currently averages at $67.70 per barrel, from a previous average of $63.78 per barrel, a rise of 6.12% within the last 14 days. Presently, Brent crude is selling at $69.87 per barrel; the highest price since […]

Diesel Prices Burn Holes in Pockets on Account of Firming Crude Oil Price in the Indian Basket | News18

Diesel Prices Burn Holes in Pockets on Account of Firming Crude Oil Price in the Indian Basket | News18

Fuel prices are now dynamic and unregulated which means prices change on a daily basis based on the crude oil rates and the demand and supply mechanism. Under dynamic, or real-time, pricing, price of a product can vary as fixed by individual retailers across locations and duration of the day. Retail fuel prices in the […]

Striking the right balance in fuel pricing | Punch Newspapers

Striking the right balance in fuel pricing | Punch Newspapers

The acute fuel shortage experienced during the last festive season may have abated but the major issue remains: How best to address the challenge of appropriate fuel price that guarantees adequate supply without much damage to the economy. With the international crude oil price likely to stay above US$50 per barrel in 2018 (thanks to […]

Oil rally ends as U.S. production expected to keep prices in check | The Globe and Mail

Oil rally ends as U.S. production expected to keep prices in check | The Globe and Mail

Global crude markets carried their end-of-year momentum into 2018, but will have trouble taking prices higher in the coming weeks barring a major geopolitical event, analysts say. Leading international and North American benchmark prices hit their highest levels in nearly two years near the end of last week, before a profit-taking selloff on Friday. Analysts […]

​Pipeline, transportation bottlenecks causing lower prices for Canadian oil and gas: Deloitte | JWN Energy

​Pipeline, transportation bottlenecks causing lower prices for Canadian oil and gas: Deloitte | JWN Energy

Canadian oil and gas producers and the governments they pay royalties too are not benefiting as much as they could be from improving commodity prices. A new report from Deloitte says that concerns over transportation bottlenecks to the U.S. market have increased the historic price differential between Canadian WCS and U.S. WTI oil, while infrastructure […]

Don’t panic! Oil price outlook improves as US shale faces headwinds in 2018 | Arab News

Don’t panic! Oil price outlook improves as US shale faces headwinds in 2018 | Arab News

LONDON: Arab News has been told that 2018 is unlikely to see a massive ramp-up in US shale production that could potentially wreck attempts by Russia, Saudi Arabia and other producers to stabilize oil prices and shrink surplus inventories. Speaking from Denver, Colorado, senior Wood Mackenzie energy analyst Ryan Duman said there were “headwinds” for […]

Use stabilisation levy to build strategic stocks, not as ‘subsidy’ | Graphic Online

Use stabilisation levy to build strategic stocks, not as ‘subsidy’ | Graphic Online

He told the Graphic Business in an interview that the country would be better off if the government continued to use the PSRL to build up strategic stocks to stabilise prices. He was speaking to the paper on the pros and cons of a recent directive by the Ministry of Energy (MoE), asking the NPA […]

US Producer Prices Rise At Fastest Pace In 6 Years As Payday Loan Demand Soars | Zero Hedge

US Producer Prices Rise At Fastest Pace In 6 Years As Payday Loan Demand Soars | Zero Hedge

Over two-thirds of the November increase in the index for final demand goods is attributable to prices for gasoline, which jumped 15.8 percent. The indexes for light motor trucks, pharmaceutical preparations, beef and veal, residential electric power, and jet fuel also moved higher. In contrast, prices for processed young chickens fell 5.7 percent. The indexes […]