Tag: oil prices

The possible meanings of Trump’s OPEC tweet | Axios

The possible meanings of Trump’s OPEC tweet | Axios

President Trump’s decision Friday to burst like the Kool-Aid Man into oil market debates — bashing OPEC in a tweet over “artificially high” prices — has generated a burst of analyses about what motivated his comments. Why it matters: The tweet could herald a newly-aggressive posture toward the cartel as it weighs the longer-term future […]

Trump rails against high oil prices, OPEC pushes back | Reuters

Trump rails against high oil prices, OPEC pushes back | Reuters

WASHINGTON/JEDDAH, Saudi Arabia (Reuters) – U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices, drawing rebukes from some of the world’s top energy exporters. “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea. Oil prices are artificially […]

Diesel prices hit an all-time high as oil prices continue to rise | Moneycontrol.com

Diesel prices hit an all-time high as oil prices continue to rise | Moneycontrol.com

Diesel prices spiked to an all-time high costing Rs 65.27 in Delhi and Rs 69.50 in Mumbai on Thursday. The prices of diesel and petrol have been on the rise consistently since the Narendra Modi-led government introduced dynamic pricing for fuel in June last year. Under the scheme, the price of fuel is revised daily on the […]

ADB expects Cabinet to approve pricing mechanisms for fuel, electricity this year | Daily Mirror

ADB expects Cabinet to approve pricing mechanisms for fuel, electricity this year | Daily Mirror

The government is likely to put its rubber stamp on cost-reflective pricing formulae for fuel and electricity within this year, as the burden of state-owned enterprise (SOE) debt has been weighing on the economy for too long. According to the Asian Development Bank (ADB), the Cabinet is expected to approve a proposal to this effect […]

Basis, a year-old startup that’s building a price-stable cryptocurrency, just raised $133 million from top investors | TechCrunch

Basis, a year-old startup that’s building a price-stable cryptocurrency, just raised $133 million from top investors | TechCrunch

The three founders, who worked at D. E. Shaw and Google out of school, have their eye on three ways to get their cryptocurrency adopted. The developing world is one target market, given that many countries’ currencies are inflating at annual rates of 5 to 10 percent and sometimes more. (Bitcoin was intended to solve […]

Sri Lanka’s fuel pricing formula comes into effect in May | Sunday Times

Sri Lanka’s fuel pricing formula comes into effect in May | Sunday Times

Sri Lanka is set to introduce a cost-reflective transparent fuel pricing, based on international market prices, next month. This new transparent mechanism will be submitted for cabinet approval in the next two weeks, Finance Ministry sources disclosed. In this much-delayed fuel pricing formula, prices would change with international market prices similar to many other commodities […]

Someone made a game where you ride the rapidly changing prices of cryptocurrencies | TechCrunch

Someone made a game where you ride the rapidly changing prices of cryptocurrencies | TechCrunch

The cryptocurrency world is a strange one, but at least it has a sense of humor. A new game has you riding a little crypto-car along the wildly fluctuating prices of major and minor currencies. It’s quite ridiculous, and it isn’t even a bad game! It’s called Crypto Rider, predictably, and is very much a […]

Natural Gas Futures Rally on Bullish Storage Miss; Spot Prices Surge on April Chills | Natural Gas Intelligence

Natural Gas Futures Rally on Bullish Storage Miss; Spot Prices Surge on April Chills | Natural Gas Intelligence

Natural gas futures closed out the week on a bullish note Friday, with the front month adding close to a nickel on the heels of a larger-than-expected April storage withdrawal. Spot prices surged across the northern United States as forecasters were calling for colder temperatures and even some snow over the weekend; the NGI National […]

Gas prices will surge this summer | Dayton Daily News

Gas prices will surge this summer | Dayton Daily News

Drivers, take heed: Gas prices are expected to head up for the warm-weather driving season. Pushed up by higher crude prices and lower inventory, the U.S. Energy Information Administration expects the retail price of regular-grade gasoline will average $2.74 per gallon this summer, up from an average of $2.41 a gallon last summer. The EIA […]

Crude oil spike could pinch FMCGs hard; operating margins likely to suffer | Business Standard News

Crude oil spike could pinch FMCGs hard; operating margins likely to suffer | Business Standard News

Your favourite toothpaste or detergent bar could cost more if crude oil prices continue to rally the way they have in the past month. Between March 9 and now, crude oil has spiked to levels of about $72 a barrel, a jump of 10 per cent. The expectation is that it could cross the $75-mark […]