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What’s Affecting Oil Prices This Week? (June 27, 2022)
2022-06-27 - While Stratas Advisors said in its latest oil price forecast that they are less concerned about the talk of price caps at the G7 meeting, the firm is increasingly concerned about the risk of further escalation of the Russia-Ukraine conflict because of several developments.
Europe Refiners Benefit from US Emergency Oil Stock Releases
2022-05-12 - With continued releases of the U.S. Strategic Petroleum Reserve over next several months, “expect to be seeing some of those exported,” Kpler’s Smith said.
Oil Jumps 4% as US Gasoline Prices Hit Record High, Stock Markets Soar
2022-05-13 - WTI was on track for its highest close since March 25 and its third weekly rise. Brent, however, remained set for its first weekly decline in three weeks.
US Gasoline Average Price Tops $5 Per Gallon in Historic First
2022-06-13 - U.S. road travel has remained relatively strong even as prices have risen. Still, economists expect demand may start to decline if prices remain above $5/bbl for a sustained period.
US Fuel Prices Surge Faster than Crude as Exports Tighten Market
2022-05-06 - U.S. refined product exports have averaged 6.3 million barrels per day in the past four weeks, nearly the fastest rate of export in U.S. history.