(Oil Price) – U.S. President Donald Trump is considering extending the two-month waiver of the Jones Act to ease fuel prices that have spiked following the war in Iran, Axios reported on Wednesday, citing U.S. officials. The Merchant Marine Act of 1920, also known as the Jones Act, requires that no vessel may transport any merchandise by water, by land
Nasdaq SAO PAULO, June 20 – The chief executive of Brazil’sstate-run oil company Petrobras PETR4.SAresigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that Chief Executive
Nasdaq BRUSSELS/LONDON – A European Union plan to extend carbon pricing to the fuel used in cars and to heat homes is facing a wall of early resistance from countries and lawmakers fearing a public pushback unless backers find ways to compensate those worst hit. According to leaked drafts, the scheme would set up an Emissions Trading Scheme (ETS) for
Houston Chronicle Fuel prices rose last week for the first time in several weeks, but that doesn’t mean gasoline costs are back on the rise for long. The cost of a gallon of regular unleaded jumped nearly 4 cents up to $2.19, while the national average rose almost 2 cents to $2.57, according to GasBuddy, which tracks fuel pricing nationwide. “The streak has
Houston Chronicle Prices at the pump have fallen to their lowest levels since March – just in time for the holiday travel break – even though crude oil values have risen in recent weeks. Seasonal declines in fuel prices and rising U.S. gasoline inventory volumes have outweighed the higher oil prices thus far. The Houston average for a gallon of
