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Energy / Oil Prices

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Clashes In Kurdistan Send Oil Prices Higher

Oct 16, 2017 at 09:26 | Irina Slav

Reports of clashes between Iraqi troops and Kurdish armed forces near Kirkuk yesterday sent WTI and Brent higher in Asian trade today. The latest reports coming in say…

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Mass EV Adoption Could Lead To $10 Oil

Oct 13, 2017 at 10:59 | Tsvetana Paraskova

The adoption of electric vehicles (EVs) could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10, Chris Watling, CEO &…

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IEA: Oil Prices To Hit A Ceiling In 2018

Oct 12, 2017 at 16:56 | Nick Cunningham

The global oil market continues to make progress, but the ongoing production gains from non-OPEC countries will probably act as a “the ceiling for aspirations of higher oil prices” in…

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Goldman Sachs: Inventory Drawdowns Will Not Continue

Oct 12, 2017 at 16:24 | Nick Cunningham

The September oil price rally was predicated on improving oil market fundamentals, bolstering confidence that the rebalancing process was accelerating. But the inventory declines reported in the third quarter might…

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Oil Prices Poised To Rise In Early 2018

Oct 11, 2017 at 17:52 | Arthur Berman

Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product…

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OPEC To Take Drastic Action Despite Shale Slowdown

Oct 10, 2017 at 16:54 | Nick Cunningham

WTI recently dipped below $50 per barrel for the first time in a month, erasing the strong September rally. It’s no coincidence that after two weeks of price declines, OPEC…

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World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018

Oct 10, 2017 at 15:13 | Julianne Geiger

The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol. US oil production…

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Oil Stable After OPEC Chief Suggests ‘’Extraordinary Measures’’

Oct 09, 2017 at 10:41 | Irina Slav

Brent crude and West Texas Intermediate started the week with gains after yesterday OPEC’s Secretary General, Mohammed Barkindo, said the cartel may have to take some “extraordinary measures” to…

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Tax Breaks Make $50 Oil Profitable In The U.S.

Oct 05, 2017 at 16:36 | Tsvetana Paraskova

While the U.S. administration is pushing for a tax code overhaul and supports American “energy dominance”, an environmental group suggests in a new study that at the current oil prices…

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Oil Prices May Hit $60 By End Of 2017

Oct 05, 2017 at 12:25 | Kent Moors

As it turned out, my predictions of where prices would end up by the end of September were spot on. And now, we’re entering a period of rather narrow trading…

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