Middle Eastern oil producers Saudi Arabia and the United Arab Emirates will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming ...
Iran's Oil Minister Bijan Namdar Zanganeh says rumors about further hike in gasoline price in coming months are not true and fuel price will remain at its current level.
The gasoline Med/NWE spread -- the differential between the FOB Med gasoline cargo assessment and the FOB Northwest European Eurobob gasoline barges -- reached a five-week high Monday as North African demand helped s ...
Gasoline prices are climbing again, pumped up by a rallying oil market and a seasonal switch to more expensive summer-blends, but motorists still are enjoying the cheapest springtime fuel in six years.
Hedge funds cut bets on rising oil prices at the fastest pace since December 2012 as U.S. inventories expanded to the highest in more than three decades.
The Iranian parliament (Majlis) has approved a five-percent increase in fuel prices for the next fiscal year starting March 21, amid falling oil prices.
Iran’s Parliament has approved a proposal to increase the rate of gasoline in the budget bill for the next calendar year of 1394 (to begin 21 March 2015).