Tue, 21-Oct-2025

Oil Prices Slide on Prospects of Saudi Arabia Raising Output

Oil Prices

Oil prices fall on prospects of lower Saudi Arabia price target. Saudi Arabia’s Potential Drop in Crude Oil Prices. Saudi Arabia is preparing to abandon its unofficial price target of $100 per barrel to boost output. SINGAPORE: Oil prices fell on Thursday, reversing earlier gains, as news surfaced of Saudi Arabia, the world’s top oil … Read more

SHINee’s Key officially annouces its comeback with single ‘Gasoline’

SHINee's Key

K-Pop news agency reported on August 9 that SHINee’s Key has officially announced a comeback with his second solo album Gasoline. This will be Key’s first solo release in about a year, following the release of his debut solo mini-album BAD LOVE. Gasoline is the follow-up to SHINee’s Key debut full-length album Face, which was released … Read more

Gas prices are finally coming back down, after hitting all-time highs

The national average price of gasoline in the US topped $5 per gallon for the first time on June 13. Fears of a worldwide economic slowdown have sent oil prices plummeting. The price of Brent crude oil dropped to approximately $104 per barrel on Thursday. Recently, less than a month after the national average price … Read more

Oil from U.S reserves is shipped abroad as gasoline costs remain high

oil

The export of crude and fuel is blunting the impact of moves by U.S. President Joe Biden to lower pump prices. About 1 million barrels per day are being released from the Strategic Petroleum Reserve. The flow is draining the SPR, which last month fell to the lowest since 1986. At least one more cargo … Read more

Sri Lanka energy minister warns petrol stocks about to run dry

Sri Lanka

Sri Lanka’s energy minister has issued a stern warning regarding the nation’s gasoline supplies. Sri Lanka has stopped selling gasoline to the general public because of severe fuel shortages. The island nation is going through its biggest economic crisis since independence. In light of Sri Lanka’s greatest economic crisis in more than 70 years, the … Read more

Ecuador government drops fuel prices following protest deal

Ecuador
  • Thousands of Indigenous protesters left Quito after leaders signed an agreement with the government to end 18 days of cost-of-living demonstrations.
  • Fast-rising fuel prices were the catalyst for the protests called by the powerful Confederation of Indigenous Nationalities (Conaie).
  • Five civilians and a soldier died in the protests that started on June 13, and hundreds were injured on both sides.

The government in Ecuador reduced fuel prices on Friday as part of a deal that ended more than two weeks of disruptive protests that had paralyzed the country.

Thousands of Indigenous protesters left Quito on Thursday evening after their leaders signed an agreement with the government to end 18 days of cost-of-living demonstrations.

Following mediation by the Catholic Church, the government agreed to drop fuel prices by 15 cents. On Friday, a gallon of gasoline dropped from $2.55 to $2.40 and diesel fell from $1.90 to $1.75.

Fast-rising fuel prices were the catalyst for the protests called by the powerful Confederation of Indigenous Nationalities (Conaie) and marked by burning roadblocks and sometimes violent clashes with the security forces.

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Average Gas Price Falls Back Below $5 Per Gallon

oil price

Regular gasoline in the United States fell to just under $4.99 on Saturday, In areas where gas is most expensive, such as the San Francisco Bay Area and Chicagoland, prices fell rapidly. Georgia has the lowest gas prices in the nation, averaging $4.48 per gallon. According to AAA, the average price of a gallon of … Read more

 United States has surpassed the average price of  gasoline for the first time in history 

 United States

the price of gasoline in the United States averaged more than $5 per gallon for the first time on Saturday, extending a boom in fuel costs that is fuelling growing inflation. According to AAA data, the national average price for normal unleaded gas jumped to $5.004 per gallon on June 11 from $4.986 the day … Read more

The average price of gasoline in the US has surpassed $5 per gallon

gallon

The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day earlier. High gas prices are a headache for President Joe Biden and congressional Democrats ahead of the midterms in the U.S. The cost of U.S. gas found the middle value of more than $5 a … Read more

US gas price hits a record $5 a gallon: auto group

US

The average price of premium gasoline in the United States has surpassed $5. This comes on top of months of rising inflation. The increase in gas prices follows a steady rise in oil prices. The average price of premium gasoline at the pump in the United States has surpassed $5 per gallon for the first … Read more

UK government under pressure due to record inflation

Boris Johnson

LONDON: Former Conservative Party leader and senior legislator Iain Duncan Smith said on Saturday that Britain’s Conservative administration must act now to help people most affected by a deepening cost-of-living crisis. Consumer price inflation in the United Kingdom reached 9% in April, the highest annual rate since 1982, putting finance minister Rishi Sunak under pressure … Read more

GASOLINE PRICES HIT NEW ALL-TIME HIGH

Gas prices in the United States hit a new high on Tuesday, as President Joe Biden declared that combating inflation is his top domestic priority. According to the American Automobile Association (AAA), the average gas price reached $4.37 per gallon, breaking the previous high of $4.33 recorded on March 11.   A year ago, the … Read more

Sri Lanka is discussing an extend of World Bank aid

sri lanka

COLOMBO: Sri Lanka aims to revise its current “unrealistic” budget and is in negotiations with the World Bank to increase its assistance from $300 million to $700 million, according to the country’s finance minister on Wednesday. The island country is dangerously short of foreign exchange, having been struck hard by COVID-19 and short of income … Read more

Canada inflation jumps to 6.7%

Canada

Canadians paid 6.7 percent more for goods and services in March than a year earlier, the government statistical agency stated on Wednesday, mentioning the largest rise in inflation in ever three decades. The following inflation above 5 percent in  January and February, the March discern crowned economists’ expectations and caused predictions of every other hefty … Read more

Delta stocks fly as sturdy call for offsets jet fuel

Delta

Delta Air Lines supplies an upbeat outlook for the summer journey season on Wednesday, saying robust demand is presenting enough costing strength to make up for hovering gasoline rates. Shares gone up at the file and outlook, with Delta reporting a smaller than expected loss within the first region, even because it contended with a … Read more

Sri Lanka urges overseas nationals to send home cash

After declaring a default on its $51 billion foreign debt, Sri Lanka encouraged its nationals living abroad to donate money back to assist pay for urgently needed food and gasoline. There are chronic shortages of critical products and recurring outages creating widespread misery on the island country, which was independent in 1948. Administration officials are … Read more

China to raise retail fuel prices

china

BEIJING: China will raise the retail prices of gasoline and diesel from Sunday, the country’s top economic planner said on Saturday. Based on recent changes in international oil prices, the retail prices of gasoline and diesel will be increased by 310 yuan (about $48.6) and 300 yuan per tonne, respectively, according to the National Development … Read more

Rising power of gangs: Everyday struggle worsens in Haiti

Haiti

The deep-seated struggles of daily life in Haiti, worsened by the rising power of gangs, created conditions that added to the death toll in a tanker explosion that killed at least 75 people in the country’s second-largest city last week. “We have a population that lives in extreme poverty,” said Marie-Rosy Auguste Ducena, an activist with … Read more