Oil prices have held steady week on week despite a significant inventory build in U.S. crude two weeks ago, which was countered by a draw in U.S. crude stockpiles for the week ending April 19th. Next to this, traders have become less concerned about a potential supply disruption in the Middle East.  The crude inventory build at the middle of the month...

Mexico has changed a plan to curb oil exports as fires at two Pemex refineries have affected local demand for the commodity. According to Pemex employees who spoke to Bloomberg, the company had notified some U.S. buyers of its crude that it could offer additional cargos for May. Earlier this month, reports said Pemex would reduce the rate of exports...

While U.S. and European automakers struggle with weaker demand for electric vehicles, China is churning out a growing number of small and cheap EVs that are taking over the domestic car market and other markets in Asia. Affordability has been a key driver of consumer choices when buying a car. The average consumer in the U.S. and Europe has yet to afford...

With election-year prices at the pump a key campaign factor for U.S. presidential hopefuls, new projections indicate that the typical spring price spikes, which culminate in the Memorial Day driving weekend, will fall back earlier than previously anticipated. According to AAA, the nationwide average price for a gallon of gasoline on Wednesday was $3.66,...

Investments in the energy transition are falling way short of what is needed for its success. The fresh warning comes from BlackRock, which said annual investments in the shift away from hydrocarbons need to almost double from their current record levels. But it’s getting less likely this would ever happen. In a new edition of its Investment Institute...

China's coal market is poised for a significant uptick in prices, according to fresh insights from the China Coal Transportation and Distribution Association (CCTD). General Manager Han Lei of CCTD's research department highlighted that domestic thermal coal prices have surpassed 800 yuan ($110.41) per metric ton, which is seen by many in the industry...