While gasoline and diesel demand have returned to pre-pandemic levels, a surge in petroleum use for products such as plastic, asphalt, lubricants and other industrial needs is propelling the recovery. SourceContinue Reading

EU Proposes Jet Fuel Tax In Latest Ambitious Climate Package | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jul 14, 2021, 12:30 PM CDT The European Commission unveiled on Wednesday...Continue Reading

Europe’s push for electrification could include the ban of gas and diesel car sales within two decades. Lawmakers in the European Union (EU) are set to propose new measures today that will accelerate the ban of internal combustion engines, according to Reuters.  The great reset of transportation, or rather a clean overhaul of vehicles, is part of...Continue Reading

Shell’s Brazilian JV Seeks $13.5 Billion Valuation In IPO | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 14, 2021, 11:30 AM CDT A joint venture between Royal Dutch Shell and Brazil’s Cosan is seeking a valuation of up to $13.5 billion (70 billion reais)...Continue Reading

EIA Inventory Report Sends Oil Prices Higher | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jul 14, 2021, 10:33 AM CDT Crude oil prices inched higher today after the Energy Information Administration...Continue Reading

Oil Stabilizes After Saudi-UAE Compromise Removes Major Uncertainty | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jul 14, 2021, 10:05 AM CDT Oil prices steadied on Wednesday morning before the...Continue Reading

U.S. Waives Sanctions On Frozen Iranian Oil Funds | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Jul 14, 2021, 9:30 AM CDT The United States has decided to temporarily waive sanctions on...Continue Reading

Oil Falls As Saudi Arabia And UAE Compromise On Deal | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jul 14, 2021, 8:45 AM CDT Saudi Arabia and the United Arab...Continue Reading

The United Arab Emirates has resolved its standoff with OPEC+ and reached a compromise deal that will give it a new output quota, said a delegate. SourceContinue Reading

Oil fluctuated as Saudi Arabia and the United Arab Emirates were said to resolve the standoff that has prevented OPEC+ from satisfying a growing clamor for extra barrels. SourceContinue Reading