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The big bang expected for oil prices this year is turning into a whimper. Just weeks ago, Brent crude was on the cusp of finally fulfilling industry forecasts of a return to $100 a barrel as record fuel demand and Saudi Arabia’s supply cuts depleted global oil inventories. The eruption…
The price of gasoline is starting to surge everywhere, an inflationary omen for central banks and governments the world over. Futures just soared to a nine-month high in New York, sending shock waves through to the pump, while prices have also been rising in Asia. Markets for the motor fuel…
By Sheela Tobben and Devika Krishna Kumar (Bloomberg) — US crude sales overseas are set to hit fresh records through next year as American oil increasingly takes market share in Europe....