On the other hand, being locked into a contract doesn't give you the flexibility to shop around for a better price. Most suppliers will let you cancel at any time, however. Heating oil is pricey, so ...

In 2016, OPEC allied with other top non-OPEC oil-exporting nations to form an even more powerful entity named OPEC+, or “OPEC Plus.” The cartel’s goal is to exert control over the price of ...

Among the many incentives pushing the military to use less oil, reducing the number of casualties it takes to protect vulnerable fuel convoys is one of the most important. Source: Statistics ...

Around 1.5 million households in the UK are not connected to the national gas grid and use heating oil to heat their homes. The key difference between gas from the grid and heating oil (as well as ...

Nigeria Ditches Costly Fuel Subsidies. Nigeria’s state-owned oil company NNPC has hiked gasoline prices by over 15%, marking the second increase in less than a month and the scrapping of the ...

Crude oil prices have reversed some of the gains they made on Monday as traders returned their attention to Chinese demand concerns. Earlier in the day, oil held on to the gains that saw Brent ...

(Photo by Stephanie Keith/Getty Images) The only truly predictable thing about predicting oil prices is that they are stubbornly unpredictable. Anyone able to accurately and consistently predict ...

What is the price of crude oil today? WTI futures traded at $74.12 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 0.93%. Brent futures traded at $77.75/bbl, an increase of 1.46% ...

Your browser does not support the <audio> element. All around the world consumers, motorists and politicians are nervously eyeing the oil price. The conflict between ...

What is the price of crude oil today? WTI futures traded at $68.17 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 7.18%. Brent futures traded at $71.87/bbl, an increase of 0.35% ...

Its CCS platform could further offset the impact of oil prices on its future earnings. The oil company is steadily reducing its reliance on oil and gas. While lower oil prices will affect the ...

Price elasticity of supply is the responsiveness of a supply of a good or service after a change in its market price. According to basic economic theory, the supply of a good will increase when ...