NEWS

  • The Next Big Unknown For Oil Prices
    on July 15, 2020

    The pandemic is this year’s big unknown for the global oil markets and the global economy. The oil market is unlikely to be completely out of the woods in four months’ time when another unknown could upend the balance of crude oil supply that OPEC+ is desperately trying to achieve with record collective production cuts.   The U.S. presidential election in November could install a Joe Biden administration in the White House—an administration that will differ in its foreign policy approach from the Trump Administration…

  • The Oil Major With The Most COVID-19 Deaths
    on July 15, 2020

    Mexico’s state oil firm Pemex has the highest number of employees who have died of the coronavirus, according to Bloomberg estimates of company data and official statements. On Tuesday, Pemex said in its daily bulletin that as of July 14, a total of 202 of its employees had died of COVID-19, while a total of 4,119 cases had been confirmed among active workers, retired workers, and family members. According to Bloomberg’s estimates, this is the highest number of deaths at any company anywhere in the world. The death toll at Pemex exceeds…

  • Trifecta: Oil, Gasoline, Distillate Inventories All Fall
    on July 15, 2020

    The Energy Information Administration (EIA) released its weekly report today on the status of petroleum inventories in the United States. Here are some of the higlights. The post Trifecta: Oil, Gasoline, Distillate Inventories All Fall appeared first on GasBuddy for Business.

  • Millennials Feel the Financial Impact of Gas Prices: Study
    on July 14, 2020

    A staggering 73% of millennials living in the United States say gas prices impact their ability to spend money on other goods and services. The post Millennials Feel the Financial Impact of Gas Prices: Study appeared first on GasBuddy for Business.