Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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Gas Prices Expected to Peak in June
With gasoline prices at record highs, a station in Nashville posted prices in terms other than dollars and cents on Sunday. Gasoline sells currently for $3.61 a gallon on average, AAA says. Oil jumped to another record on Tuesday, and the government said it expected gasoline prices to peak at a national average of $3.73 a gallon in June, just as the summer driving season kicks off. )
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CNG conversion kits prices at historic peak
The CNG conversion kits prices reached historic peak after witnessing 10 percent further increase following the fresh hike in petroleum products. The prices of CNG kits were earlier increased twice soon after the increase in gasoline rates, which had been raised four times during the last two months.
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Average gasoline price rises to record Y159.20 per liter
Japan's average retail price of regular gasoline rose to an all-time high of 159.20 yen per liter as of Monday, surpassing the previous record of 155.50 yen set last December, the Oil Information Center said Wednesday. The average price was up 5.80 yen from last Thursday, when many gas stations raised retail gasoline prices on the revival of an extra tax of 25.10 yen per liter.
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Gas prices rattle Americans
As prices near
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South Asia
Pakistan introduces daylight saving time to battle power shortage: In a bid to reduce load shedding, the Pakistani government on May 14 announced that the country will forward its clock by an hour
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Fuel price hike may be cushioned with duty cut
Govt Tries Balancing Act To Protect Consumers And Burdened Oil Companies Rajeev Jayaswal NEW DELHI THE government is working on a dual strategy of fuel price hikes coupled with duty cuts to shield consumers and cash-strapped oil companies.
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Petrol prices hit all-time high
Melbourne petrol prices have hit an all-time high of 164.9 cents a litre today. As crude oil futures dipped below $US129 a barrel this morning, the city's unleaded petrol prices surpassed last week's record high of $162.9. The average price so far today is 149.9 cents per litre of unleaded fuel - almost 20 cents above the average of 130.4 cents paid by motorists in May last year, according to the RACV. The lowest price is 145.9 cents in Highett and Moorabbin. Motormouth director Alan Cadd said today's record high reflected crude oil price spikes over the past fortnight.
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Oil scrips: Contrarians may lose out this round
Govt's Wavering Stand On Fuel Prices Is Bleeding Oil Marketing Companies Our Bureau MUMBAI
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U.S. Regulators Push to Strengthen Oversight of Energy Markets
Faced with enormous political pressure to tighten the oversight of energy trading, federal regulators said Thursday that they have been investigating oil and derivative markets for six months to look into potential price manipulation. The revelation came as the agency, the Commodity Futures Trading Commission, also announced a series of measures intended to heighten regulatory supervision of energy trading and bring "greater sunshine' into the commodities markets.
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World on brink of energy crisis
There may be a debate about the cause but there is no doubt about the effect: the world is on the verge of an energy crisis. The signs are everywhere. This week, Qantas boss Geoff Dixon said the airline would ground planes, cancel routes, slash jobs and freeze senior pay packets to combat rising jet fuel prices. Mr Dixon lamented that Qantas had "no control' over rising fuel costs - sentiments echoed by other airlines such as Air France KLM, which has flagged a sharp decline in operating profits.