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Gallon of gasoline in San Antonio dives to $4 31

The price of U.S. oil tumbled below $100 a barrel on Tuesday for the first time since May.

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Oil prices fall as coronavirus spreads outside China - Business

Oil industry analysts fear that the virus spread may lead to more travel restrictions and even less oil consumed.

New zealandUnited statesSaudi arabiaCharles beckhamKarr inghamWarren pattersonJeanette casselanoClaudio galimbertiEnergy information administrationExxon mobilTexas alliance of energy producersClearview energy partnersChevron corpFinancial timesTexas allianceEnergy producers

Demand forecast indicates more pressure on prices for petroleum products

IEA speculates growth in demand but higher prices will begin to force consumers to cut back and prices will soften.

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President Biden seeks suspension of federal gasoline tax

The President accused oil companies of not increasing drilling and oil production.

United statesWichita fallsVladimir putinJoe bidenEnergy information administrationTexas alliance of energy producersPresident bidenWichita falls times recordPresident obamaWall streetBaker hughes rig countInformation administrationTexas alliance

Petroleum supplies increase but demand remains strong Alex Mills

Crude oil and natural gas prices remain strong as market conditions indicate supply will be unable to meet rising demand.

Saudi arabiaUnited kingdomWichita fallsUnited statesEnergy information administrationEuropean unionTexas alliance of energy producersOrganization for economic cooperationYork mercantile exchange onUs department of energyWichita falls times recordWest texas intermediateNew york mercantile exchangeEconomic cooperationTexas alliance

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