GasBuddy’s live price-tracker says the average gas price nationwide is $3.983 a gallon. That’s $1.01 higher than last month as fuel prices continue to climb.
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Prices spikes could actually encourage customers to wean themselves off liquified natural gas over the long run.
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Morgan Stanley analysts resumed coverage with an Overweight rating and a $385 price target on the stock.
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The U.S.-drafted peace plan led to some relief in energy markets even as Iran appeared to reject it.
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HMH Holding, co-owned by Baker Hughes and Norway’s Akastor, is making its debut as crude prices soar.
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Even if oil prices fall sharply, inflation probably won‘t return to the Fed‘s 2% target for at least several years, due to structural changes in the U.S. economy.
Long Read
Major cryptocurrency prices were mixed as mediators from Turkey, Egypt and Pakistan were pushing to arrange ceasefire talks.
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Stocks are rallying on optimism for peace talks, but the lack of details has primed volatility risk.
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Asia could become a prime buyer of Canadian energy.
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Maria Corina Machado says she thinks Venezuela can produce more than five million barrels of oil per day,.
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Southwest Airlines picked the wrong time to give up its fuel hedging program.
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Brent and WTI prices were rising as relief at President Donald Trump’s comments that Washington and Tehran are in talks faded.
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A fire Monday evening knocked out 14% of Valero’s oil-refining capacity. The stock was up 3% Tuesday.
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The chief of Kuwait’s major national oil company, says a rapid recovery is out of the question because so many wells have been shut.
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According to Mike Wirth, markets aren’t properly pricing the energy supply shock in the Middle East.
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Another day of chaos for air travelers, Chevron CEO says energy markets should be more worried, cruise operators get a boost, and more news to start your day.
Long Read
Brent and WTI fell sharply after President Donald Trump said Iran had agreed to no nuclear weapons on Monday.
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The U.S. will postpone the threatened strikes on Iranian energy infrastructure following discussions between the two countries.
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Gold cuts back its losses after President Donald Trump postpones further strikes on Iran’s energy infrastructure.
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It will be tough for Wall Street to rebound until energy prices subside. Value stocks and Big Tech could hold up well, though.
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A Japan-U.S. investment plan includes tens of billions of dollars for GE Vernova-Hitachi nuclear reactors and NextEra Energy gas projects.
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Stocks are falling, oil is surging, and the Fed is no longer likely to provide rate cuts. For now, cash is the only haven.
Long Read
Oil benchmarks may have found a ceiling so long as the conflict in the Middle East doesn’t cause damage to key energy infrastructure.
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Rate traders are now pricing in a higher chance of a Fed rate hike this year than they are a rate cut.
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Amid an oil and gas price surge, Chevron's market cap has swelled to over $400 billion.
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