Oil weakens on inflation and fears of recession in the United States

Oil prices slid on Monday, weighed down by fears of economic recession and galloping inflation in major crude-consuming countries like the United States, when in China, the possibility of new confinements in the largest cities worries. Around 9:20 a.m., a barrel of Brent from the North Sea for delivery in August lost 1.11% to 120.66 … Read more

For helium balloons, the party deflates in the United States

AFP, published on Wednesday, June 08, 2022 at 08:22 Birthdays, weddings, graduations, Valentine’s Day… Helium balloons are part of every celebration in the United States, but a global shortage of this gas is disrupting habits, penalizing consumers as much as merchants. “Due to the global helium shortage, we are only allowing orders for 20 balloons,” … Read more

Refineries, bottleneck which aggravates the soaring of gasoline in the United States

AFP, published on Sunday, May 29, 2022 at 06:45 Despite record gasoline prices in the United States, American refineries are unable to catch up with demand, due to a lack of sufficient capacity, after a series of closures in recent years, contributing to the surge in fuel prices. Last week, the utilization rate of refineries … Read more

oil inventories fall less than expected

Commercial crude oil reserves in the United States fell less than expected last week, according to figures released on Wednesday by the United States Energy Information Agency (EIA), which also reported a stabilization in American production. During the week ended May 20, black gold inventories fell by a million net barrels, while analysts expected a … Read more

Fuel prices continue to rise in the United States

After Europe, the United States is also seeing prices inflate at the pump, even if they still remain at levels well below what we know on this side of the Atlantic. Gasoline averaged $4.14 per gallon (3.8 liters) in April, up from $2.92 a year ago. House Democrats are pointing the finger at oil companies, … Read more

US boosts oil and gas production to drive down prices

Too bad for the environment, the main thing is to save the midterm elections. The US administration announced on Friday, April 15, the relaunch of oil and gas operations on public federal lands. In total, 173 plots occupying 58,275 hectares, spread over nine states, will be put up for sale following an auction procedure. A … Read more

Markets down pending US inflation

European stock markets fell sharply Tuesday at the opening, in the face of expectations of an acceleration in US inflation, which suggests a new tightening of the US central bank (Fed). Paris lost 1.38% to 6,454.25 points, Frankfurt lost 1.66% and Milan 1.17%. London fell 0.86% in early trade. Monday, only Paris had finished slightly … Read more