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Energy / Oil Prices

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Oil Prices Rise On OPEC Compliance Data And Plunging Dollar

Mar 03, 2017 at 11:24 | Matt Smith

Crude prices are getting up off the canvas after being knocked down yesterday, helped up by a falling dollar ahead of lots of Fedspeak. Nonetheless, prices are holding in their…

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Saudi Arabia Eyes $60 Oil

Feb 28, 2017 at 12:03 | Irina Slav

Saudi Arabia wants oil prices to rise to US$60 a barrel this year – a level that would motivate new investments but will not encourage U.S. shale boomers to up…

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Oil Prices Crumble As OPEC Ups Output And Exports

Feb 28, 2017 at 11:39 | Matt Smith

Crude is easing lower on this last day of February, as other sources are endorsing what we said last week - that OPEC production and exports are on the…

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Range Trading 101

Feb 24, 2017 at 16:11 | Martin Tillier

Let’s face it; you don’t have to be a chart reading genius to know that WTI has been trading in a pretty tight range for the last couple of months.…

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Combined Compliance For OPEC, Non-OPEC Hits 86%

Feb 24, 2017 at 11:46 | Tsvetana Paraskova

The OPEC producers and the 11 non-OPEC nations that have joined the global production cut deal achieved a combined 86-percent compliance rate in January, OPEC said on Friday, hailing…

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Why A Weaker Dollar Won’t Boost Oil Prices

Feb 23, 2017 at 11:27 | Rakesh Upadhyay

The U.S. dollar, along with a variety of other factors, used to be an important component in deciding the direction of oil prices. This was true for the period between…

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Oil To $70? Or Down To $30?

Feb 22, 2017 at 16:55 | Nick Cunningham

Will oil prices rise to $70 per barrel this year or fall to $30? Depends on who you ask. Oil price forecasts are always all over the map, but the…

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Unsatisfied With Oil Prices, Iraq Calls For New OPEC Meeting

Feb 22, 2017 at 13:38 | Tsvetana Paraskova

Iraq thinks that OPEC should hold a new meeting to discuss the cartel’s oil production cuts, given the fact that the current oil prices are still below expected levels, according…

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Oil Prices Fall As Gasoline Glut Takes Its Toll

Feb 22, 2017 at 09:41 | Matt Smith

Crude prices are selling off today while gasoline holds up relatively better, as refiners playing 'pass the parcel' betwixt the two. As refiners make economic run cuts due to lower…

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Oil Leaps Higher As OPEC Pushes For 100% Compliance

Feb 21, 2017 at 10:12 | Tsvetana Paraskova

All OPEC producers that are part of the supply-cut deal are firmly determined to achieve a higher compliance rate than the 90-plus-percent compliance reported for January, OPEC’s Secretary General Mohammad…

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