The Organization of the Petroleum Exporting Countries and its oil-producing allies, aka OPEC-plus, vowed to further increase output in July, keeping with
Here is a review of oil and gas market hits and misses for the week ending May 28, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
Inflation, India, and Iran have figured prominently in global energy markets recently, and the past week has been no exception. In this latest installment of weekly oil and gas market hits and misses, find out what some of Rigzone’s regular prognosticators have to say about the latest developments on these and other fronts.
Rigzone: What were some market expectations that actually occurred during the past week – and which expectations did not?
U.S. petroleum demand jumped along with a continued rise in gasoline consumption, while domestic oil production held even, according to the latest federal
3 Buck Gas - Thank You Mr. Biden, There Are Hurtful Consequences To Ignorant Decisions
Editors Note: The Administration has gifted Big Oil with another excuse to raise fuel prices and make more money, Price Gouging Investigation Anyone?.
Average U.S. retail gasoline price exceeds $3.00 for the first time since late 2014
Source: U.S. Energy Information Administration,
Disruptions to Colonial Pipeline operations prompted an increase in the average U.S. retail price for regular grade gasoline (retail gasoline price) to $3.03 per gallon (gal) on May 17, the first time retail gasoline prices averaged more than $3.00/gal since October 27, 2014. The average retail gasoline price in the Lower Atlantic (PADD 1C) increased 10 cents/gal from the previous week to $2.88/gal.
Here is a review of oil and gas market hits and misses for the week ending May 14, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
The oil and gas markets witnessed significant excitement this past week, with the ongoing impact of the Colonial Pipeline cyberattack. Looking beyond the Colonial situation, however, one of Rigzone’s regular market-watchers has observed a significant – and comparatively dull – undercurrent at play as well. Find out more about this relatively boring item, and other recent developments, in this recap of oil and gas hits and misses from the past week.