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This Could Be A Gamechanger For Natural Gas In Europe

This Could Be A Gamechanger For Natural Gas In Europe

Europe’s lack of energy security…

Energy / Oil Prices

The Critical Chokepoint That Could Send Oil To $250

Jul 09, 2018 at 09:22 | Irina Slav

Crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on…

Mexico Likely To Keep Making The World’s Biggest Oil Hedge

Jul 06, 2018 at 14:35 | Tsvetana Paraskova

The Mexican oil hedge, or the Hacienda Hedge, is considered the biggest hedging bet on Wall Street as well as perhaps the most secretive. It has earned Mexico—and a few…

Oil Prices Drop On US-China Trade War, Saudi Production Boost

Jul 06, 2018 at 07:58 | Tsvetana Paraskova

Oil prices dropped early on Friday as fears of the escalating U.S.-Chinese trade war and increased production by Saudi Arabia and Russia outweighed concerns over supply disruptions from Venezuela to…

Iran Accuses Trump Of Tweeting Up Oil Prices

Jul 05, 2018 at 11:53 | Tsvetana Paraskova

U.S. President Donald Trump took to Twitter again on Wednesday to complain about high oil prices and criticize OPEC, demanding that prices be reduced—and this time it was Iran…

This Is How Much U.S. Households Lose As Gas Prices Rise

Jul 02, 2018 at 13:19 | Tsvetana Paraskova

U.S. gasoline prices are at a four-year-high this year as a result of the higher price of oil which has reached a three-and-a-half-year high in recent weeks. The increased…

Analysts Raise Oil Price Forecast On Expectations Of Supply Deficit

Jun 29, 2018 at 11:02 | Tsvetana Paraskova

OPEC and Russia’s pledge to boost oil production will not be enough to offset supply disruptions from Iran and Venezuela amid strong oil demand, according to a monthly Reuters…

Oil Prices Spike Despite Saudi Plan For Unprecedented Oil Export Surge

Jun 26, 2018 at 12:01 | ZeroHedge

Update: So much for any drop in the price after the Saudi production boost report: the market appears far more focused on the news of a potential sharp drop in Iran…

Goldman Blames Canada For WTI Price Spike

Jun 25, 2018 at 10:26 | Tsvetana Paraskova

While all eyes watched the OPEC saga last week, there was an outage in Canada’s oil sands that will cut production at least through July, supporting the U.S. benchmark prices,…

Goldman: Expect Another Bull Run In Oil

Jun 19, 2018 at 16:59 | Nick Cunningham

The expected increase in oil production will not leave the market in a situation of oversupply, and in fact, barring no further action, the world could still be short of…

Tariff Threats And OPEC Rhetoric Push Oil Prices Down

Jun 19, 2018 at 09:27 | Irina Slav

Crude oil continued sliding today on the back of growing tensions between the United States and China and anticipation of a difficult OPEC+ meeting on Friday. At the time of…

Iran: Oil Prices Could Jump To $140 On U.S. Sanctions

Jun 08, 2018 at 09:02 | Tsvetana Paraskova

Oil prices could jump to $140 a barrel due to the U.S. sanctions against Iran and Venezuela, Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters on Friday. The Iranian…

Was This Just A Temporary Pullback In Oil?

Jun 07, 2018 at 16:45 | Tsvetana Paraskova

Oil market analysts are looking into the global supply and demand picture to guess where the price of oil is heading, and opinions and forecasts always vary widely. While oil…

Oil Sinks Deeper On OPEC Concerns

Jun 05, 2018 at 12:29 | Tom Kool

Oil prices fell on Tuesday morning as oil traders continue to voice concern about the plans of OPEC to increase oil production.

Shale Bottlenecks Could Send Oil Prices Higher

Jun 01, 2018 at 17:06 | Irina Slav

Amid reports that OPEC will likely decide to start easing production quotas after June 22 and an IEA forecast that electric vehicles will displace 2.5 million bpd in crude oil…

Explaining The Double Digit WTI Discount

May 31, 2018 at 16:55 | Nick Cunningham

Global oil benchmarks are suddenly heading in different directions, upending what have consistently been close linkages between prices in various parts of the world. To be sure, oil prices have…

Oil Slides As Saudis, Russia Consider 1 Million Bpd Output Boost

May 25, 2018 at 09:21 | Tsvetana Paraskova

OPEC’s largest producer Saudi Arabia and its key non-OPEC partner in the production cut deal, Russia, are discussing lifting the combined oil production of the countries from the pact by…

Oil Prices Fall Despite Iran, Venezuela, Libyan Supply Outages

May 24, 2018 at 15:14 | Julianne Geiger

The WTI crude and Brent crude benchmarks fell on Thursday, despite multiple production outage fears in major producing countries, either real or prospective, including Venezuela, Libya, and Iran.…

Farmers Reeling From High Oil Prices

May 21, 2018 at 14:43 | Tsvetana Paraskova

As the summer driving season approaches, drivers are already paying more for gasoline due to the oil price rally in recent months. But higher oil prices affect not only the…

Oil Jumps On Positive Trade War News, Venezuela

May 21, 2018 at 09:32 | Irina Slav

After a slide last week, Brent and West Texas Intermediate started the week with a modest increase thanks to an announcement from Treasury Secretary Steven Mnuchin that the trade…

How An "Oil Price Shock" Will Hurt The U.S. Economy

May 18, 2018 at 17:02 | ZeroHedge

One month ago, when looking at the sharp spike in oil and gasoline prices (which at the time averaged $2.73), we said that the surge in energy costs -…

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