Oil and gas
Baseline forecasts 0.9 percent 2026 expansion rates steady amid oil shock divergence
IEA pact aims to ease biggest energy crisis as gasoline hits $4.30 record
Central bank keeps policy steady in 6–3 vote as market expected
Von Der Leyen proposes fast EU energy support for vulnerable groups
Gasoline prices climbed 21.2 percent in March, marking record increase since 1967
Country implemented fuel rationing and 35 percent price hike to preserve foreign reserves
Wheat up 4.3 percent from U.S. crop fears and Australian planting cutsÂ
Organization says higher energy prices will reduce demand offset investment technology, lower effective rates
Agriculture Secretary hails move as step toward American Energy Dominance supporting domestic biofuel demand
State reserves drawdown equals 30 days of demand roughly 8.5 million kiloliters scheduled through April end
Birol noted the IEA is actively consulting with governments across Europe and Asia regarding release of additional stockpilesÂ
Lagarde stated that a moderate overshoot of the inflation target could justify measured tighteningÂ
New price caps save chinese drivers hundreds of dollars per tonne
Plan designed to finance subsidies aiming to curb gasoline pricesÂ
Cooling labor market could bring earlier Fed cuts, Goldman warns
New Permian wells delivering high output at 433,000 barrels per day
Exploration and development spending last year saw a 28 percent increase to $93.1 billion
Fed rate cut likely as inflation continues to decline
This procurement is part of a series of contracts aimed at refilling the nation's emergency oil stockpile
With the addition of PetroChina, the charter's signatories now represent more than 42 percent of global oil production
The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024
Russia reduced forecasts for additional oil and gas revenues by 767 billion roubles to 1.05 trillion roubles
Gasoline product supplied last week was 8.9 million bpd, up slightly from the previous week
