Tag Archives: prices

Summer gasoline prices to be down more than $1 from last summer

April 8, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook U.S. drivers are projected to pay an average of $ 2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA’s released yesterday. This year’s projected average summer price is down from a $ 3.59/gal average during summer 2014. The lower […]

Africa: Drop in Oil Prices May be Blessing in Disguise

analysis Dianna Games — The massive drop in petroleum prices may be a blessing in disguise for many African countries As oil prices dipped below $ 50 a barrel in January, Nigeria’s finance minister put a brave face on her country’s revenue crisis. Nigerians, she said, should start thinking of Africa’s largest oil producer as […]

Financial hedging helps some producers mitigate effect of falling oil prices

April 2, 2015 Source: U.S. Energy Information Administration, based on Evaluate EnergyNote: Hedging is a financial risk-reduction strategy that market participants can use to lock in future prices. The decline in crude oil prices since last summer has had a direct impact on oil producers’ sales revenue, but hedging strategies have lessened the effects of […]

Growth in residential electricity prices highest in 6 years, but expected to slow in 2015

March 16, 2015 Source: U.S. Energy Information Administration, Electric Power Monthly and Short-Term Energy Outlook Residential electricity customers in most areas of the country experienced large increases in retail electricity prices during 2014, with the average U.S. residential price increasing 3.1% over the previous year. The increase represents the highest annual growth rate since 2008. […]

Higher RIN prices support continued ethanol blending despite lower gasoline prices

February 23, 2015 Source: U.S. Energy Information Administration, based on Oil Price Information Service, Thomson-ReutersNote: RBOB is reformulated blendstock for oxygenate blending. With the exception of two short periods in late 2013 and the first quarter of 2014, when , spot ethanol prices have consistently been lower than gasoline prices from December 2011 through October […]

Ghana: Govt Sleeps On Falling Oil Prices

opinion By Masahudu Ankiilu Kunateh Seven months since crude oil prices began to tumble on the international market, no concrete step has been taken by the government to mitigate the risks of the falling prices on the Ghanaian economy. The Institute for Fiscal Studies (IFS), a leading Accra based economic think tank, has revealed in […]

Saudi Arabia budget insulated from effects of lower oil prices

February 12, 2015 Source: U.S. Energy Information Administration, based on Bloomberg, International Monetary Fund Saudi Arabia is the largest exporter of crude oil and other petroleum liquids in the world, and their oil exports accounted for 89% of the country’s total revenue in 2014. The recent decline in global oil prices is decreasing the value […]

Increase in average gasoline prices ends 17-week streak of declining prices

February 3, 2015 Source: U.S. Energy Information Administration, EIA conducts a survey of gasoline prices each Monday, and yesterday’s survey showed the U.S. average regular retail gasoline price increasing for the first time in 18 weeks. The national price averaged $ 2.07/gallon on Monday, up 2.4 cents from a week earlier. The steady decline in […]

Zambia: ERB Reduce Fuel Prices Again

By Peter Adamu The Energy Regulation Board (ERB) has effective midnight tonight Friday, 30th January announced a Low Sulphur Gasoil price reduction. ERB Board Chairman Pastor Geoff Mwape in a statement issued to QFM News that the price for Low Sulphur Gasoil has been reduced by 83 Ngwee per litre from K10.72 to K9.89 representing […]

Angola: Crashing Oil Prices, Propaganda and the Angolan Recipe for Disaster

analysis By Rafael Marques De Morais Throughout the Angolan capital, Luanda, strategically located billboards announce a country being happily stewarded through development by the government. “Building a prosperous Angola based on solidarity”, is the boastful slogan across all ads celebrating the government’s achievements in all spheres of life. One such billboard celebrates “more electricity, more […]

Natural gas prices drop following strong production growth

January 28, 2015 Source: U.S. Energy Information Administration, Following a short-lived price increase in November, natural gas prices have dropped to their lowest levels since September 2012, reflecting strong domestic production and inventory builds. The 2013-14 winter’s sustained cold weather and and almost one trillion cubic feet (Tcf) lower than five-year (2009-13) average levels. Prices […]

Ghana: Falling Crude Oil Prices Globally – the Main Triggers

By Alhaji Mustapha Iddrisu Energy Analyst, Takoradi The main reasons for plummeting crude oil prices are principally increasing US shale production and falling demand from China and Europe. The crude oil prices have declined for about 55% since June 2014 due to sluggish global demand and rising shale production from the US. In the international […]

Zambia: Fuel Prices Slashed

By Peter Adamu The Energy Regulation Board has announced a further reduction in fuel pump and wholesale prices effective midnight Friday 16th January, 2015 in view of the continued slide in international oil prices. The pump price of petrol per litre has been reduced from K9.89 to K7.60 representiFuel Pump 2ng a reduction of K2.29, […]

Because of cold start, average natural gas spot prices were higher in 2014

January 13, 2015 Source: U.S. Energy Information Administration, based on Natural Gas Intelligence (NGI) Driven by higher prices during the first three months of 2014, average wholesale (spot) prices for natural gas increased by 20% or more at most trading locations in the United States in 2014 compared to 2013. The average price of natural […]

Wholesale power prices increase across the country in 2014

January 12, 2015 Source: U.S. Energy Information Administration, based on SNL Energy Wholesale on-peak electricity prices were up at trading hubs across the nation between 2013 and 2014, driven largely by increases in spot natural gas prices and high energy demand caused by cold weather in the beginning of the year. Electricity prices were highest […]

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