As fears of a global…
Oil prices started the month…
Oil prices started the month of July rising by 2% early on Friday, rebounding from Thursday’s losses after Libya declared force majeure on more crude export terminals, adding further concerns…
The past few weeks have been a disaster for oil bulls after energy stocks posted their worst performance since the start of the pandemic
As fears of a global recession deepen, oil prices may end the week with the first five-day consecutive losses since April, Bloomberg has reported, also noting the Fed’s intention to…
Last week, we presented a bear case for the energy sector based on the premise that oil and gas stocks could be in…
Two years ago, at the height of the pandemic, BP wrote in its annual Energy Outlook that global oil demand had peaked at…
Two banks—Citi and Barclays—raised their oil price forecasts on Monday, citing the effects of Russian crude oil sanctions and delays in the renewal of the Iran nuclear deal—without which there…
Oil prices were slightly down early on Monday after Russia fired missiles on the Ukrainian capital Kyiv for the first time in weeks while the battle in eastern Ukraine rages…
Russia expects to receive as much as $6.37 billion in additional oil and gas revenues in June, its finance ministry said on Friday, as energy commodity prices have rallied since…
Brent crude, trading Wednesday at over $116 per barrel, should be closer to $70, according to Citi’s global head of commodity research, Ed Morse, in an interview with…
Oil prices rose early on Wednesday as China’s financial hub Shanghai reopened after a two-month strict lockdown, giving hope to oil bulls that Chinese fuel demand will rebound, while fuel…
Brent crude oil reached $120 per barrel on Memorial Day—the official kickoff of the summer driving season in the United States. The Brent Crude July contract was…
Brent Crude prices could jump to well above $150 per barrel if Russia’s oil exports fall off a cliff in the coming months, according to Bank of America. “With our…
Oil prices rose early on Thursday, extending this week’s gains, as demand looks strong with the U.S. driving season starting and Shanghai in China gradually reopening after two months of…
Oil prices were up early on Friday, headed for a small weekly gain, but a gain nevertheless—the fourth in a row—as gasoline and diesel supply globally struggle to meet rising…
The average investor might not think much about the oil price spread between West Texas Intermediate (WTI) and Brent Crude, which is usually only a couple of dollars…
As a growing number of economists and Wall Street bankers warn that a recession is coming later this year or next year, another camp of analysts says that…
Oil prices rose above $114 a barrel early on Tuesday, reaching the highest level in eight weeks, amid a tight global fuel market and expectations that Chinese demand will start…
A key factor in the upper band of the benchmark crude oil trading ranges over the past weeks is market concern over a ban of Russian oil exports…
Oil prices were set for a second consecutive weekly increase early on Friday, as the EU’s proposal to ban imports of all Russian crude and oil products by…
The Biden Administration will purchase 60 million barrels of crude in Q3 in an effort to replace volumes in the U.S. strategic petroleum for the first time in…