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The Boring Truth About Oil Prices

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Oil markets look likely to…

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Energy / Oil Prices

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Russia’s Rosneft Expects $40 Oil In 2018

Sep 11, 2017 at 10:46 | Tsvetana Paraskova

Russia’s largest oil producer, Rosneft, expects oil prices to average between $40 and $43 per barrel next year, and is preparing for such prices, Rosneft’s CEO Igor Sechin told TV…

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Can WTI Break Out Of The High $40s?

Sep 08, 2017 at 17:29 | Arthur Berman

The most likely case is that WTI will remain stuck in the upper $40 to lower $50 range through December 2017. Comparative inventories have fallen dramatically since mid-February yet oil…

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Oil Prices Slip Amid Falling U.S. Rig Count

Sep 08, 2017 at 12:25 | Julianne Geiger

The number of active oil and gas rigs in the United States rose this week by 1 rig. Baker Hughes Rig Count last week was largely unchanged as well,…

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OPEC Fails To Cut Oil Exports Below 2016 Levels

Sep 07, 2017 at 09:31 | Irina Slav

OPEC exported 25.19 million bpd of crude oil last month, the lowest since April this year, Thomson Reuters Oil Research said, but the eight-month average for the year to…

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What Happens If The OPEC Deal Expires?

Sep 06, 2017 at 16:53 | Nick Cunningham

OPEC appears to be nervous that its production cut deal will once again fall short, and the group is already discussing the possibility of yet another extension. While the aftermath…

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Hurricane Irma Could Destroy Oil Demand

Sep 05, 2017 at 16:24 | Nick Cunningham

About half of the shuttered refining capacity along the Gulf Coast could be back up and running by Thursday, assuaging concerns about the possibility of acute gasoline shortages in much…

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Harvey’s Long-Term Impact On Oil Markets

Sep 05, 2017 at 15:00 | Robert Rapier

The tropical storm formerly known as Hurricane Harvey continues to dump copious amounts of rain on the Houston area. As a former Houston resident who lived there during the massive…

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OPEC Deal Could Be Extended Beyond March 2018

Sep 05, 2017 at 11:57 | Irina Slav

The crude oil production cut deal that OPEC, Russia, and several other producers agreed to late last year could get yet another extension. This extension would push the deal beyond…

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Post Harvey: Crude Climbs As Gasoline Crashes

Sep 05, 2017 at 09:33 | Irina Slav

As refineries along the Gulf Coast started returning to normal operations after Hurricane Harvey, WTI prices inched up despite a sluggish trading session yesterday due to Labor Day. At around…

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A War With North Korea Could Send Oil Prices Skyrocketing

Sep 04, 2017 at 16:38 | Irina Slav

An open military conflict in Northern Asia would disrupt more than a third of global seaborne crude oil trade, Wood Mackenzie warned last week amid yet another escalation between…

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