Energy Aspects: Crude Oil Demand Not Declining In Recession Pattern

Energy Aspects: Crude Oil Demand Not Declining In Recession Pattern

Global oil demand is not declining in a pattern that would be consistent with a recession, and demand will still grow next year from this year despite expected slowdowns in Europe and the United States, Amrita Sen, director of research at Energy Aspects, told Bloomberg on Friday. There is still a lot of pent-up demand … Read more

US Gasoline Prices Fall Slightly, But More Pain Is Coming

US Gasoline Prices Fall Slightly, But More Pain Is Coming

Gasoline prices in the United States have dropped to a national average of $4,087 per gallon, down from $4,114 a week ago, but with oil prices rising again on the Russia-Ukraine war and production shutdowns in Libya, prices at the pump could rebound again. A month ago, the national average at the pump was $4.274 … Read more