Diesel Spikes to $5.25, Gasoline to $4.32, in Historic Leaps. But Wait a Minute… Futures of Crude Oil & Gasoline Plunge by Wolf Richter • Mar 15, 2022 • 154 Comments Neck-breaker volatility in opposite directions in an unsettled market.
How Much Russian Crude Oil & Petroleum Product Does the US Import? Where Does it Go? How Much Impact Will the Russian Oil Ban Have? by Wolf Richter • Mar 8, 2022 • 163 Comments One more complication in the vast global oil trade, even for the US, one of the largest producers in the world and a big exporter.
Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is What’s Happening at my Gas Station by Wolf Richter • Mar 6, 2022 • 265 Comments Speculators are reacting to other speculators who are reacting to whatever.
Crude Oil WTI Spikes: The Storm Today after the Calm Yesterday by Wolf Richter • Mar 1, 2022 • 103 Comments No one in the oil industry wants to crash this party after what they’ve been through since 2014 when surging US production caused the price to collapse.
Shipping Expenses in the US Go Through the Roof by Wolf Richter • Jan 13, 2022 • 101 Comments Amid transportation chaos & delays, high demand, soaring diesel prices, and labor shortages.
Hit by Shortages, Vehicle & Parts Production Plunged to Lowest since Lockdown. Oil & Gas Has New Script by Wolf Richter • Oct 18, 2021 • 141 Comments Industrial production over the long term is a sad sight, powered by offshoring.
Suppliers in China for Apple, Tesla, Intel, Nvidia, Qualcomm, NXP, Infineon, ASE Forced to Halt Production amid Energy Crackdown by Wolf Richter • Sep 26, 2021 • 204 Comments The Everything Shortage keeps promising to keep getting worse.
After Upending the Global Oil Industry & Losing their Shirts, Shale Oil Drillers & Battered Investors Go for Price by Wolf Richter • Aug 3, 2021 • 54 Comments Imports from OPEC reduced to irrelevancy.
Fracking Suddenly a True Believer in “Discipline?” US Natural Gas Net Exports Hit Record, Prices Jump as Production Stalls by Wolf Richter • Aug 2, 2021 • 86 Comments Subsidized by investors who lost their shirts, cheap natural gas was a huge benefit to the US economy for years.
People Sure Are Driving a Lot, Gasoline Consumption Hits Record, But Flying & Mass Transit Lag Way Behind by Wolf Richter • Jul 25, 2021 • 154 Comments The miracles of the new economy.