Gas Prices Set to Drop in 30 Days: Gulf Energy Advisor Explains Refiner Profits and Pump Economics

Harga minyak minyak dijangka capai AS$65 setong menjelang Oktober

PETALING JAYA: Harga minyak mentah global dijangka terus berada dalam aliran menurun dan berpotensi mencecah AS65 (RM266.53) setong menjelang Oktober, berikutan jangkaan lebihan bekalan dalam pasaran susulan konflik Asia Barat yang mereda serta pembukaan semula Selat Hormuz. Penganalisis ekonomi, Prof. Emeritus Dr. Barjoyai Bardai berkata, penurunan harga minyak ketika ini lebih banyak didorong oleh faktor ... Read more The post Harga minyak minyak dijangka capai AS65 setong menjelang Oktober appeared first on Utusan Malaysia.

Oil prices rise more than two per cent as US-Iran peace talks pause

CommSec's Gillian Bowen says oil prices have jumped more than two per cent as peace talks between the United States and Iran have paused. Ms Bowen told Sky News Australia that when trade reopens, “There will be a drop for the S&P500 and the Nasdaq”. “We have had global oil resume trade a short time ago. There was a jump of more than two per cent to take Brent crude back over $US81 a barrel. “Before the weekend's developments, the ASX was pointing to a drop of 0.2 per cent.” Presented by CommSec.

Gas prices are high for July 4. California’s price-gouging fixes are still on the shelf

This story was originally published by CalMatters. Sign up for their newsletters. Drivers are heading into the Fourth of July weekend with national gas prices at their highest level for the holiday in four years. In California, where prices remain well above the national average, the state’s petroleum watchdog has flagged a separate problem — []

Will Petrol And Diesel Prices Finally Fall? Minister Hardeep Puri Offers A Major Hint

For millions of motorists keeping an eye on fuel prices, the next few months could prove important. Union Petroleum Minister Hardeep Singh Puri on Thursday suggested that petrol and diesel prices may be reviewed if international crude oil prices continue to

[Photo] 🇺🇸⚡️ — US average gas prices have surged 9 cents in two days, reaching $3.88 per gall [...]

— US average gas prices have surged 9 cents in two days, reaching 3.88 per gallon, AAA reports. Prices rose 5 cents Thursday and a further 4 cents overnight, following a roughly 6 rise in oil prices since US-Iran hostilities resumed in the Persian Gulf. The outsized jump reflects how gas prices behave: they rise sharply in anticipation of higher wholesale costs, but fall only gradually as station owners use lower prices to recover lost profit margins. Gas had been slowly declining from a wartime peak of 4.56 per gallon hit in mid-May before the latest oil spike reversed that trend.@IntelSlava