The fluctuating prices in response…
The crude oil net long…
One of the themes that is emerging as we review investment candidates is the era of oil growth, which is at least going to take a substantial pause,…
Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel, according to Goldman…
Nigeria is preparing for an extended period of low oil prices, Muhammadu Buhari, the president of the biggest oil producer in Africa, said…
It is not only the slower-than-expected global oil demand recovery that is weighing on oil prices. Some major geopolitical events and the return of previously curtailed U.S. shale…
Oil and gas companies active in the Gulf of Mexico have shut in almost 58 percent of oil production on Monday as two tropical storms threaten operations Oil and gas…
The Covid-19 pandemic has added severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. With WTI climbing past…
Although the focus of oil markets in recent months has been on the impact of the COVID-19 pandemic and of the latest Saudi Arabia-instigated oil price war, still bubbling away…
Oil trading has been on the decline these past couple of weeks as conflicting data pulls prices in different directions. But, according to some, a correction may be…
No matter how you slice it, it’s clear that we are heading into a new and unprecedented era for energy. The novel coronavirus has shaken up the global…
Crude oil markets remained optimistic over the past week supported by several bullish factors. Brent spot prices rose above $46 for the first time since April on a much weaker US…
Oil prices were down early on Friday as demand concerns persist, but prices were on track for a weekly gain after hitting a five-month high as the U.S. dollar weakened…
It has already become crystal clear to analysts and the oil industry that global oil demand will not recover to pre-pandemic levels next year. Some forecasters…
Oil prices are unlikely to go much higher than current levels if global oil demand recovery doesn’t pick up in a meaningful way in the second half of the year,…
Sluggish oil demand recovery with resurging coronavirus cases in many parts of the U.S. and the world and the return of previously withheld production from OPEC+ and North America have…
Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain.
After rising at the start of the session, oil prices made a U-turn on Monday morning and slipped as rising coronavirus cases in many countries and stalling commercial flights recovery…
Russia’s central bank doesn’t think that copying the Mexican oil hedge is a good idea, the Governor of Bank of Russia, Elvira Nabiullina said at a news conference on Friday, commenting…
Oil prices jumped to a four-month high on Tuesday, rallying on hopes of economic stimulus. However, the uncontrolled spread of the coronavirus in the U.S. puts something…
The world may soon return to an international gold standard thanks to a project that European central banks have been quietly preparing for decades. This month
OPEC+ agreed on Wednesday to ease its self-imposed production cuts starting next month as the global economy slowly awakens from its deep Covid-19…