Economics ❯ Energy Economics

Oil Prices

Market Reactions Market Dynamics Market Impact Market Trends Gas Prices Supply and Demand Production Costs Market Stability Global Oil Market Market Regulation

U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1983

The drop has raised technical and cost concerns because salt‑cavern storage is harder to repair and refill when inventories are thin.

Mexico Restores Weekly Fuel Tax Relief as Oil Prices Climb

Abby Phillip Fact-Checks Scott Jennings Over Claim That Gas Is Lower Under Trump

Government Extends Fuel Excise Cut for One Month at Half the Rate

G7 Allies Expand Sanctions to Russia's Shadow Fleet and LNG Carriers

Mexico Raises Magna Fuel Stimulus and Cuts Diesel Support for June 13–19

India Signals Interest in Canadian Heavy Crude as Energy Talks Continue

U.S. Reissues 30-Day Waiver for Russian Oil After Brief Lapse

Germany Debates Extending Fuel Tax Cut Before June Deadline

UAE Reiterates OPEC Exit Is an Economic Choice, Not a Political Break

Pemex Refining Jumps 21.9% in Q1 2026 as Output Shifts to Higher-Value Fuels

India Seeks U.S. Extension to Waiver for Limited Russian Oil Imports

Cuba Runs Out of Diesel as Havana Blackouts Set Off Protests

OPEC Trims 2026 Oil Demand Outlook During Hormuz Supply Shock

India Cuts Oil and Gas Royalties, Eases Deepwater Levies to Boost Output

Kentucky Gas Tax Cut Cleared to Start Monday After AG Signs Beshear Order

Shell Q1 Profit Jumps on Gulf Supply Shock as Dividend Rises and Buybacks Are Cut

Pakistan Repatriates Crew From U.S.-Seized Iranian Ship

Sakhalin Oil Tanker Set to Reach Japan as Tokyo Seeks Supply Relief

White House Says Iran Blockade Is Working as Spirit Airlines Shuts Down After Failed Lifeline