The crude oil net long…
In case of further escalation,…
The low oil prices and the record OPEC+ production cuts are set to nearly halve the net oil export revenues of OPEC members this year compared to 2019, sending them…
Oil prices jumped early on Tuesday, with Brent back above the $40 a barrel mark, supported by a rally in financial markets and a weaker U.S. dollar on Election Day.…
Oil prices will continue to trade in a narrow range for the rest of the year, and the average Brent price next year will not exceed $50 a barrel, the…
The worst of the oil market is behind us, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday at CERAWeek's India Energy Forum. "We are still vigilant. I…
Portfolio managers increased their bullish bets on crude oil futures and options in the week to October 20 by the most since April, according to the latest commitment of traders…
Venezuela’s state oil company has made a pessimistic estimate for next year’s oil prices, expecting to make just $35 per barrel for the crude it exports, Reuters has reported.…
Energy prices suffered the most among commodities in the pandemic—especially oil prices—and they won’t be rising much next year either, averaging just $44 a barrel, the World Bank said in…
Nine months on from Saudi Arabia’s second major oil price war in the last five years, more negative consequences are manifesting themselves. Aside from the irrevocably
The world’s largest oil importer, China, will continue to have a significant impact on the oil market in the coming months, as most of the rest of the…
The international oil benchmark Brent Crude will likely range-trade in the $40 to $43 a barrel band until after the U.S. election on November 3, according to OCBC Bank.…
An existential crisis for oil supply: this is how one Rosneft executive referred to BP’s and Shell’s recent commitments to a renewable energy shift. This shift,…
The U.S. elections are less than a month away, and the oil market cannot seem to make up its mind whether it prefers a Biden or Trump presidency.…
Crude future prices spiked on Thursday after OPEC said Thursday that the "worst is over" for the oil market. Front month crude contracts were up 3.08% to…
Consumers reacted to earlier lockdowns and continued pandemic restrictions, leading to a massive drop in demand. On the other hand, prices initially collapsed after Saudi Arabia led an…
Oil markets might be looking up, if Saudi’s official oil selling price actions are any indication—and they usually are. Saudi Arabia has raised the official selling price of…
After soaring on Monday, oil prices continued to rise on Tuesday after U.S. President Donald Trump returned to the White House from the hospital where he was treated for COVID-19,…
Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursday evening. At 11:06 a.m. EDT, the…
Saudi Arabia appears to be more upbeat about the immediate future of oil prices than fundamentals warrant, according to Goldman Sachs analysts. These have calculated that the Saudi budget plan…
Both the President and First Lady of the United States have tested positive for COVID-19 on a day when Brent oil prices crash below $40 and the U.S. rig count…
Crude oil prices took a nosedive today after President Donald Trump tweeted late last night that both he and the first lady had tested positive for Covid-19. Brent crude…