In 1865 British economist William Stanley Jevons explained to the public that increased efficiencies in the use of resources per unit of production do not generally lead to lower consumption of those resources. Rather, these efficiencies lead to higher consumption as many more people can now afford the more efficiently produced goods which carry a...Continue Reading

U.S. Gasoline Prices Resume Downtrend | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Feb 03, 2025, 12:30 PM CST U.S. gasoline prices have resumed their recent downtrend, with AAA reporting the national average at $3.098 per gallon of...Continue Reading

Trump’s Trade Threats Send Shockwaves Through Brussels | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Feb 03, 2025, 12:00 PM CST President Trump has hinted that...Continue Reading

Saudi Arabia Defers $1.2B Oil Payment By Pakistan | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Feb 03, 2025, 11:30 AM CST Pakistan has signed an agreement with the Saudi Fund for Development to defer a $1.2 billion...Continue Reading

Canadian Crude Becomes a Bargain for China as US Tariffs Bite | 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 – Feb 03, 2025, 11:00 AM CST U.S. tariffs on Canadian crude make the...Continue Reading

U.S. Natural Gas Prices Surge On Canada Tariffs, Massive Withdrawals | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Feb 03, 2025, 10:30 AM CST U.S. natural gas futures surged 8.4% to $3.32/MMBtu on Monday, recovering from a nearly...Continue Reading

OPEC is dropping the U.S. Energy Information Administration (EIA) as a secondary source to assess crude oil production of the OPEC+ countries and their compliance with the group’s output cuts, the cartel said after a panel meeting on Monday. After thorough analysis from the OPEC Secretariat, the Joint Ministerial Monitoring Committee (JMMC) replaced consultancy Rystad...Continue Reading

Lukoil Refinery and Gazprom Plant Hit by Massive Ukrainian Drone Attack | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 03, 2025, 9:30 AM CST The biggest refinery in southern Russia and a major gas processing plant controlled by Gazprom were hit by a massive...Continue Reading

Tariffs on Oil Are a Major Problem for U.S. Refiners | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Feb 03, 2025, 8:22 AM CST US tariffs on Canadian and Mexican imports will add to the financial burden of US refiners struggling with declining profit margins....Continue Reading

OPEC+ Won’t Change Oil Production Plans | 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 – Feb 03, 2025, 8:17 AM CST Despite pressure from President Trump and a recent rise in...Continue Reading