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EIA expects summer US real gasoline and diesel prices to be the highest since 2014

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The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 per gallon this summer driving season—April through September—compared with last summer’s average price of $3.06/gal. EIA expects higher fuel prices this summer as a result of higher crude oil prices.

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Oil Prices Ravaged By Financial Turmoil

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Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday.

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The Next Oil Price Spike May Cripple The Industry

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Two diametrically opposed views dominate the current debate about where the oil price is heading. But, WoodMackenzie says, many of these still-to-be-launched projects are uneconomical at oil prices in the $50s per barrel, meaning that they should not be expected to get the all-clear anytime soon. Since (non-U.S.

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$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

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The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.

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Opinion: Consumers winning with low oil prices, for now

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Therefore, the 2014/2015 drop has accounted for at least $50 billion in your pocket and mine. The question begs then, has that money shown up in other parts of the economy? It is estimated that for every penny gas goes down, consumers collectively save $1 billion. Dr. Bernard Weinstein, Ph.D., Bernard Weinstein, Ph.D.,

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Opinion: This Is What Needs To Happen For Oil Prices To Stabilize

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Back when the onslaught began, which I mark as Thanksgiving Day 2014—when OPEC declined to cut—Wall Street began talking of shale as being a switch; as in you can turn it on and off. But, for the most part, very few operators are going to run headlong into a drilling program on a modest recovery. They won’t let them.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries.

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