It is Margaret Atwood’s 76th birthday, and her 2009 novel ‘The Year of the Flood‘ seems an appropriate way to sum up the crude market this year. We await the weekly EIA inventory report this morning, with oil inventories less than 4 million barrels shy of the record of 490.9 mn bbls seen earlier in the […]
Average retail prices on Monday for regular unleaded gasoline dipped by nearly 3 cents from last week down to $1.91 for the Houston area and $1.92 for Texas as a whole, according to GasBuddy’s daily survey data. In Houston, prices are 78 cents lower than the same time last year.
Europe will be the battleground between producers of sour crude grades, including Russia, Iraq, Saudi Arabia and Iran, as the Asian market becomes more “crowded,” the Paris-based IEA said in its monthly report.
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