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OPEC Head Calls for $65 Oil

OPEC Head Calls for $65 Oil

Qatar’s Energy minister Mohammed bin…

Energy / Oil Prices

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OPEC Head Calls for $65 Oil

May 24, 2016 at 17:05 | Zainab Calcuttawala

A minimum price of $65 a barrel for oil is “badly needed at the moment” according to Qatari energy minister Mohammed bin Saleh al-Sada. On Tuesday, the Qatari…

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The Wildest Predictions For Oil Prices In 2016

May 20, 2016 at 17:47 | Michael McDonald

One reality in the markets is that despite the best efforts of analysts and traders, no one ever knows with any degree of certainty what will happen to…

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What Does The Next OPEC Meeting Have In Store?

May 18, 2016 at 17:01 | Rakesh Upadhyay

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran The 2 June…

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Oil Price Spike Is Not As Far Away As Many Think

May 16, 2016 at 17:20 | Dan Steffens

We are beginning to see the first real signs of the global oil markets moving rapidly back into balance. OPEC, which produces approximately 40 percent of the world’s…

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Can Big Oil Survive At Today’s Prices?

May 16, 2016 at 16:47 | Arthur Berman

Data suggests that oil producers need prices in the $70-80 range to survive. That is unlikely in the next year or so. Without more timely price relief, the future looks…

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Oil Markets Balancing Much Faster Than Thought

May 13, 2016 at 18:11 | Nick Cunningham

Oil markets are only a few months away from a much closer balance as demand holds steady and supply drops off. Several reports from the three…

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Saxo Bank: Upside For Crude Diminishes As Traders Shift Focus

May 04, 2016 at 14:29 | ZeroHedge

The dollar's gyrations remain a key source of inspiration for traders with the fundamental focus continuing to switch between falling U.S. and rising OPEC production,

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Why Oil Prices Will Likely Drop Below $40 Soon

May 03, 2016 at 17:01 | Rakesh Upadhyay

The 70 percent rise in crude oil prices from the lows of $27.1 per barrel to a high of above $46/b in a matter of three…

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Weak Data, Strong Dollar Pressure Crude Lower

May 03, 2016 at 10:42 | Matt Smith

Despite it being James Brown’s birthday (he would have been 83 today), and despite yesterday’s sell-off, oil prices are struggling to get up, get on up.…

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Oil Prices Jump To Six-Month High

Apr 28, 2016 at 12:07 | Charles Kennedy

Oil prices surged to their highest levels in six months on Wednesday as the Fed left interest rates unchanged. WTI jumped by 2.8 percent to $45.29…

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