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Oil Prices Sink Again On Demand Fears

Oil Prices Sink Again On Demand Fears

Oil prices sank on Monday…

Oil Prices Jump Over 3% Ahead Of Inventory Data

Oil Prices Jump Over 3% Ahead Of Inventory Data

Oil prices jumped more than…

Energy / Oil Prices

Oil Jumps To Highest Level Since 2014 On UAE Drone Attack

Jan 18, 2022 at 08:55 | Tsvetana Paraskova

Oil jumped to a seven-year high early on Tuesday, the day after Iran-aligned Houthis attacked targets in the United Arab Emirates (UAE) with drones, adding to the continued tightness in…

World’s Largest Oil Trader: Prices Are Set To Rise Further

Jan 17, 2022 at 10:04 | Irina Slav

Crude oil has already gained 10 percent since the start of the year and has further to go, Vitol's head of Asia told Bloomberg in an interview. "These prices…

Could Oil Really Reach $200?

Jan 14, 2022 at 08:58 | Irina Slav

Oil is about to post its fourth week of gains in a row, and the outlook remains bullish thanks to supply constraints and demand strength. But one hedge fund manager…

Oil Prices Jump Over 3% Ahead Of Inventory Data

Jan 11, 2022 at 11:21 | Julianne Geiger

Oil prices jumped more than 3% on Tuesday afternoon in the runup to the much-watched API crude oil inventory data report as doubts continue to be raised about OPEC’s ability…

Oil Prices Sink Again On Demand Fears

Jan 10, 2022 at 15:27 | Julianne Geiger

Oil prices sank on Monday on fresh demand fears, even trumping supply outages in Libya and the chaos in Kazakhstan. The Brent crude oil benchmark slipped $0.95…

Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan

Jan 06, 2022 at 09:42 | Tsvetana Paraskova

Oil prices shrugged off a large implied slump in U.S. gasoline consumption last week and rallied on Thursday morning amid continued unrest in oil-rich Kazakhstan. As of 9:55 a.m. EST…

Oil Tops $80 After OPEC+ Sticks To Plan To Ease Cuts

Jan 05, 2022 at 09:04 | Tsvetana Paraskova

Oil prices rose by 1% early on Wednesday, with Brent Crude topping $80 per barrel, after OPEC+ signaled confidence in oil demand through the Omicron wave and reiterated its view…

Oil Prices Jittery Ahead Of OPEC+ Meeting

Jan 03, 2022 at 09:30 | Tsvetana Paraskova

Oil prices fell on Monday morning, erasing small gains from earlier in the day, as OPEC+ is largely expected to continue easing the collective production cuts by 400,000 bpd next…

Chronic Underinvestment Could Push Oil Prices Higher In 2022

Dec 29, 2021 at 08:39 | Alex Kimani

Long-suffering Americans grappling with runaway inflation are finally enjoying some reprieve. After a relentless climb, prices at the pump have been heading south, with national average gas prices…

Saudi Arabia Doubles Down On Asian Demand

Dec 27, 2021 at 06:06 | Gerald Jansen

The rapid spread of the Omicron variant has been spooking the oil community at large and despite OPEC shrugging off any major demand disruption in its short-term forecasts, it…

Brazil Rushes Ahead With Key Oil Projects As Prices Remain Elevated

Dec 24, 2021 at 07:51 | Felicity Bradstock

With Brazilian oil demand set to continue, Petrobras is making big plans for oil and gas as well as testing the water with greener fuels, although it is…

Oil Prices Crash On Renewed Omicron Panic

Dec 20, 2021 at 10:34 | Julianne Geiger

Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market.  At 11:32 a.m. EDT,

Tight U.S. Oil Inventories Prop Up Oil Prices

Dec 17, 2021 at 14:04 | Tsvetana Paraskova

U.S. oil demand and inventories have offered support to oil prices in recent months and, volatility excluded, have continued to do so, with stocks below the five-year average…

Oil Prices Dip As Omicron Cases Surge

Dec 17, 2021 at 09:22 | Tsvetana Paraskova

Oil prices fell early on Friday and were on track for a weekly loss as the fast-spreading Omicron COVID variant increased concerns about a potential hit to oil demand, while…

Goldman Sees Oil At $100 By 2023

Dec 17, 2021 at 09:01 | Irina Slav

Goldman Sachs has forecast crude oil prices could hit $100 in 2023 as demand growth outpaces supply growth. "There's insufficient supply in the face of strong demand," said Damien…

Saudi Arabia: Hasty Energy Transition Will Lead To Oil Price Spikes

Dec 13, 2021 at 13:23 | Tsvetana Paraskova

The energy transition and the shift toward renewable energy have to be managed very carefully in order to prevent a surge in oil prices as energy demand continues to rise,…

The Biggest Threats To Oil Have Already Been Priced In

Dec 10, 2021 at 09:07 | City A.M

Oil prices have continued on to recover from last month’s steep dive amid easing concerns over the Omicron variant. Both major benchmarks are on course for…

Oil Prices Rebound After ‘Black Friday’ Crash In November

Dec 10, 2021 at 08:44 | Tsvetana Paraskova

Following one of the biggest daily collapses in the past two decades at the end of November, oil prices have rebounded in recent days in a mini relief rally and…

U.S. Shale Slams Biden’s Oil Policies

Dec 09, 2021 at 15:32 | Tsvetana Paraskova

U.S. shale producers have been disappointed with the Biden Administration’s policies regarding the oil and gas industry for nearly a year now, and they voiced their disappointment, once…

Top Executive In U.S. Shale Is Worried Oil Prices Could Go To $100

Dec 08, 2021 at 13:44 | ZeroHedge

After half a decade of U.S. oil drillers underinvesting in projects and returning money to shareholders, it could take years to resume pre-pandemic production levels that could further roil oil…

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