Price of an average gallon of regular gas surpassed the $3.90 mark Wednesday, moving to within a dime of the $4 threshold. The average price rose 1.3 cents to $3.911 in the latest daily survey conducted for the motorist group AAA. The price has risen for 19 consecutive days. The current price compares to just [...]
World largest crude oil exporter known as Saudi Arabian Oil Co sold Light crude oil to Asia at premium prices of $2.80 per barrel in regional April benchmark compared with $1.55 for March 2012. Aramco also raised the differentials for most grades sold to U.S. customers while cutting the formulas for deliveries to Northwest Europe, [...]
Natural gas futures rose in New York for the second time in three days as forecasts showed colder weather moving across the U.S., signaling increased demand for the heating fuel. Temperatures may be below normal over central and western states in the next two weeks, according to the National Weather Service. Private forecasts predict a [...]
Natural gas prices in US have sunk to the lowest point in a decade as the shale drilling boom threatens to fill the nation’s underground storage network. Nymex February gas was $2.402 per m British thermal units early Thursday, down almost 50 per cent from a year ago to return to levels last reached in [...]
Prices oil rose on concern that geopolitical tension will increase as a son of Kim Jong Il took power in North Korea and the U.S. and its allies prepared to discuss stronger measures against Iran. Futures advanced 0.4 percent after the official Korean Central News Agency said Kim Jong Un will lead the nuclear-armed nation [...]