Tom Kool

5 days ago | oilprice.com | Tom Kool

The national average price of gasoline in the United States has declined by 3.8 cents over the past week, now standing at $3.09 per gallon, according to GasBuddy's latest report. Patrick De Haan, head of petroleum analysis at GasBuddy, noted, "The national average has seen a modest decline, but with oil prices rising again, we could see the trend reverse in the coming weeks."Despite the recent dip, regional variations persist.

1 week ago | oilprice.com | Tom Kool

A turbulent week for global energy markets saw oil prices slide amid OPEC+ uncertainty and escalating U.S.-China tensions. The double whammy of OPEC+’s unpredictability and Donald Trump’s heated rhetoric over China ‘totally violating its agreement’ with the US put oil prices under renewed pressure, sending ICE Brent slightly below $64 per barrel with WTI balancing on the edge of the $60 per barrel threshold.

3 weeks ago | oilprice.com | Tom Kool

oil is riding high on the euphoria of not having debilitating tariffs on US imports to China, managed to lift ICE Brent around $65 per barrel towards the end of the week Oil prices climbed on optimism over eased U.S.-China trade tensions, with ICE Brent nearing $65 per barrel by week’s end as fears of punishing tariffs faded. Donald Trump’s comments on a potential Iran nuclear deal have been the defining bearish moment of this week, however inertia from the market’s robust recovery last week,...

3 weeks ago | oilprice.com | Tom Kool

The assassination of SSA commander Abdel Ghani al-Kikli has plunged Tripoli into violent clashes. Despite renewed oil sector optimism, Libya’s energy infrastructure remains under militia control. Big Oil’s bets on a production rebound ignore the geopolitical and security risks that now threaten every barrel.

3 weeks ago | oilprice.com | Tom Kool

Tripoli descended into chaos Monday following the reported assassination of Abdel Ghani al-Kikli, known as “Gheniwa,” the powerful commander of Libya’s Stability Support Authority (SSA). Al-Kikli was allegedly killed during a meeting at the base of the 444th Combat Brigade in the capital’s Abu Salim district.