Demand is in a bit of a post-holiday slump, but it looks like suppliers either can’t, or won’t, keep up.
The pandemic had a hand, but only to light the fuse. The problem was prepared over years.
An ongoing rally in crude oil prices is spilling down to the consumer level.
Federal data showed a decline in demand for petroleum products, but the global energy market is not limited to the U.S. economy.
Indian companies raised $16.2 billion in the third quarter of 2021 alone, while their Chinese counterparts raised $12 billion.
Analysts say modest relief at the pump will be fleeting.
This week marks the sixth week in a row for a decline in retail gasoline prices.
Demand for refined petroleum products remains at or near pre-pandemic levels.
Innovative crowdfunding model to be licensed in United Arab Emirates through the Abu Dhabi Global Market.