Russia

For the second week of the new year, oil prices have moved higher.  Patrick DeHaan with GasBuddy.com said this most recent trend started last week.   “The Biden administration issuing harsher sanctions on shipping companies and vessels that would operate and take sanctioned crude oil from countries like Iran and Russia and deliver it to countries like China and India," DeHaan noted.  "Th

Typically, this time of year is lighter, and even a little slower in the world of business and economics, as many of us prepare for the holidays and the end of the year.  But that is not necessarily the case when it comes to oil prices and fuel prices.  Patrick...

Despite a slight uptick last week, thanks to increased tensions between Russia and Ukraine, oil prices continue their overall their downward movement.  Patrick DeHaan with Gasbuddy.com said oil prices were trading in the low $69 per barrel range Monday, pushing fuel prices lower as well.  DeHaan ...

After weeks of steady decline, oil prices ticked higher to start the week.  Patrick DeHaan with Gasbuddy.com said West Texas Crude increased about 2% in Monday’s action, trading around $69-$70 per barrel.  He said oil prices have perked up a bit after fighting between Ukraine and Russia intensified over the weekend.   “Russia, sending...

Time for your PNW Ag Network Price at the Pump.  Monday may have been a holiday here in the U.S., but trading continued across the globe.  And in that trade, we saw oil prices continue to slip, with West Texas Crude trading Monday down slightly to $73 per barrel.  And it’s not just...

Oil prices continue to soften, not on news from China, not because of the on-going war in Ukraine, but concerns over the U.S. economy.  Patrick DeHaan with GasBuddy said investors are concerned about everything from Wall Street to Main Street.   “...

The Ag economist for the Washington State Department of Agriculture says 2023 is shaping up to be a good year for the farm economy across the Evergreen state.  Madi Roy says the Washington farm economy is fairly stable right now, but many are proceeding with caution.  One of ...

Oil prices climbed slightly over the past two weeks following the news that Russia is going to trim oil production in the months ahead.  Patrick DeHaan with GasBuddy said while Russian oil is facing sanctions because of the invasion of Ukraine, that does not mean this production cut won’t impact international prices.   “Much ...

The bipartisan Promoting Agriculture Safeguards and Security, or PASS Act was recently introduced in both the U.S. House and Senate.  Supporters of the legislation say it will protect U.S. national security by preventing foreign adversaries from taking any ownership or control of agricultural land and businesses in the United States.  The bil...

Oil prices continue the march higher we’ve seen through the first three weeks of 2023.  West Texas Crude was up slightly in Monday’s trade, around $81 per barrel.  Patrick DeHaan with Gasbuddy said there are several issues pushing oil prices higher, and tops on that list, China.   “Reopening its economy, the...