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petroleum

American gasoline prices increase most in one week since 2020

(The Center Square) - American gasoline prices continued to rise on Friday and are up the most of any week since 2022. Iran widened attacks on energy-producing countries near its borders and the Strait of Hormuz remains closed to shipping, dashing hopes for a quick resolution to a crisis sending

Big miss: US economy down 92K jobs in February; Qatar warns of war halting Gulf oil flows; Trump demands Iran’s ‘unconditional surrender’

Big miss: US economy down 92K jobs in February; Qatar warns of war halting Gulf oil flows; Trump demands Iran’s ‘unconditional surrender’

The U.S. economy lost 92,000 jobs in February, according to employment data released Friday morning. The U.S. Bureau of Labor Statistics reported a loss of 92,000 jobs (including 86,000 in the private sector) in February. Wall Street expected 59,000 jobs to be created last

Brazil's Petrobras sees profit soar on record output

Brazil's Petrobras sees profit soar on record output

Petrobras, Brazil's majority state-owned oil company, said Thursday that its profits nearly tripled last year thanks to record oil and gas output. Net profit climbed to $19.6 billion from $7.5 billion in 2024, helped as well by a 14-percent drop in operating expenses and

European, US stocks back in sell-off mode as oil prices surge

European, US stocks back in sell-off mode as oil prices surge

Oil prices pushed higher while US and European stocks dropped on Thursday as investors tracked developments on the sixth day of the Middle East war. An equity market rebound petered out after Asian markets closed, with European exchanges shedding around 1.5 percent and Wall Street's main indices

China prioritises energy and diplomacy over Iran support

China prioritises energy and diplomacy over Iran support

China has expressed its anger over Israeli-US strikes on Iran but, despite hits to its oil imports, will not risk its interests by confronting Washington and helping its long-standing partner, analysts say. The war in the Middle East has sparked global fears of an energy supply crunch, with

Gas prices rise in Missoula, impacting local commuters

MONTANA — Gas prices are climbing across Montana, affecting commuters in Missoula and beyond. With many residents relying on their vehicles for long-distance travel to work, school and errands, the rising costs are becoming a significant concern. Amanda Wiemers, a local Montana commuter, shared her experience. "It used to

Gas prices climb in U.S., Southwest during war with Iran

(The Center Square) - The U.S. and Israeli war with Iran has already inflated prices at the gas pump for people across the Southwest and the rest of America. But experts say the biggest hikes could be yet to come. The war, which started this past weekend and reportedly has