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Energy / Oil Prices

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Oil Prices Are Set To Post Worst H1 Since 1998

Jun 30, 2017 at 13:15 | Tsvetana Paraskova

A weaker dollar and lower U.S. crude oil production for last week are pushing oil prices up this week to their seventh consecutive trading session in the black, but crude…

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Only $60 Oil Can Save The Aramco IPO

Jun 29, 2017 at 13:47 | Zainab Calcuttawala

The OPEC deal is in crisis. All oil price gains derived from the 1.2 million-barrel cut’s initial announcement and implementation have been wiped out, and No. 1 OPEC producer Saudi…

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Will Central Banks Derail The Shale Boom?

Jun 29, 2017 at 13:37 | Nick Cunningham

The U.S. Federal Reserve has already increased interest rates several times, most recently in June, with promises to do much more. Rate hikes pose a problem for the oil industry,…

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Citi: Oil Prices Have Bottomed And Are Now Set To Soar

Jun 29, 2017 at 12:47 | ZeroHedge

One day after Goldman issued a confused, rambling note in which the bank cuts its 3-month WTI price target by $7.50 from $55 to $47.50 saying "Spot WTI oil…

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UAE: OPEC Is Not Discussing Deeper Cuts

Jun 29, 2017 at 10:58 | Tsvetana Paraskova

Just a month has passed since OPEC rolled over the production cuts, but the still high inventories and the latest drop in oil prices have renewed comments, rumors, and possibly…

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Goldman Slashes 3-Month Oil Price Forecast By $7.50

Jun 29, 2017 at 09:26 | Tsvetana Paraskova

Goldman Sachs is slashing its three-month price forecast for WTI to US$47.50 a barrel from US$55, seeing output gains in Libya and Nigeria as jeopardizing OPEC’s efforts to reduce…

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Is A Big Move In Oil Prices Due?

Jun 28, 2017 at 14:35 | Brian Noble

In options trading, a straddle is literally a sit-on-the-fence strategy. By purchasing a put and a call at the same strike (price of underlying commodity) for the same time period,…

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Why The Oil Price Implosion Didn’t Drag Global Markets Down

Jun 28, 2017 at 14:01 | Tsvetana Paraskova

Energy stocks have been the worst performing sector in the S&P 500 index so far this year. Last week, oil slipped into a bear market, but the benchmark U.S. index…

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Shale Rebound Runs Out Of Steam At $40 Oil

Jun 27, 2017 at 16:06 | Nick Cunningham

The IEA recently predicted that U.S. shale would grow by at least 430,000 bpd this year, plus another 780,000 bpd in 2018. But those heady growth projections are in doubt…

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Have Hedge Funds Set Oil Markets Up For A Rebound?

Jun 26, 2017 at 17:34 | Nick Cunningham

Hedge funds and other major investors have soured on oil prices, and the pessimistic turn has corresponded with the deep selloff in recent weeks. Since the beginning of June, the…

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