Oil and Gasoline Topics

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Oil and Gasoline Word of the Day

The Oil and Gasoline Word of the Day is Underproduction. Underproduction in context to Oil and Gasoline means:

Production that is less than the allowable assigned to a proration unit. ... Read More

Oil and Gasoline News

Bush fails to win Saudi help for oil increase big enough to cut high gasoline prices (Minneapolis-St. Paul Star Tribune)
Saudi Arabia's leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices. Read More

Oil sets record near $128; pump price at high, too (AP via Yahoo! News)
As President Bush wrapped up a meeting with Saudi Arabia's King Abdullah on Friday, the country's oil minister announced the desert kingdom had opened its taps and was pumping an additional 300,000 barrels of crude a day. Read More

Oil pushed above $127 a barrel for first time (AP via Yahoo! News)
Oil prices soared more than $3 a barrel, surpassing $127 for the first time Friday and putting more pressure on already lofty gasoline and diesel prices ahead of the summer driving season in the northern hemisphere. Read More

Bush in Saudi Arabia to discuss oil (CNN.com)
RIYADH, Saudi Arabia (AP) -- President Bush, on a one-day visit to Saudi Arabia, is taking a second stab on Friday at getting the oil-rich nation to increase production and drive down soaring gasoline prices hurting U.S. consumers. Read More

Oil firms hike gasoline prices P1/liter; diesel by P0.50/liter (ABS-CBNNEWS.com)
Total Philippines on Friday followed the announcement of two major oil players of an increase in the pump prices of its petroleum products effective Saturday. Read More

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