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EIA: Brent Prices To Average $53 In 2017

EIA: Brent Prices To Average $53 In 2017

As a result of rising…

Why Oil Won’t Rally Above $60 In The Near Term

Why Oil Won’t Rally Above $60 In The Near Term

OPEC’s deal might have put…

Energy / Oil Prices

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Saudis To Skip Non-OPEC Talks On Monday, Want OPEC Deal First

Nov 25, 2016 at 10:39 | Tsvetana Paraskova

In what is now the umpteenth twist in highly-charged OPEC rhetoric in recent days, the cartel’s biggest producer and de factor leader, Saudi Arabia, has reportedly told the organization that…

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The Economy Needs Higher Oil Prices – Goldman Sachs

Nov 24, 2016 at 16:54 | Nick Cunningham

OPEC is closing in on a deal to cut production, which will surely cause oil prices to rise. Oil is already almost back to $50 per barrel, so cuts of…

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Iraq Now Says It Will Join OPEC Output Cuts

Nov 23, 2016 at 12:17 | Tsvetana Paraskova

In its third flip-flop position on joining OPEC production cuts in as many days, Iraq signaled on Wednesday that it could be willing to cut its production and support…

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Will We Ever See $100 Oil Again?

Nov 18, 2016 at 16:45 | Peter Taberner

A report from auditors PricewaterhouseCoopers (PwC) has revealed that oil prices are unlikely to climb back to the $100 level, and will have a limited rise from the current spot…

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Why You Should Expect A Substantial OPEC Deal

Nov 18, 2016 at 15:59 | Dan Dicker

OPEC ministers are again meeting, this time in Doha, but haven’t yet showed a sign of a sweeping deal that could come out of Vienna and OPEC later this month.…

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OPEC’s Bearish Report Provides Little Hope For Oil Markets

Nov 11, 2016 at 17:49 | Irina Slav

Just one day after the IEA warned the world could drown in oil if production does not fall beneath demand sometime soon, OPEC released a new market whammy, offering up…

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Expert Commentary: 5 Reasons To Be Bullish On Oil

Nov 11, 2016 at 16:40 | SCS OTC Corp

• WTI traded in a bearish pattern once again this week taking out last week’s low print and settling $43.41 on Friday following an IEA report with bearishly adjusted supply/demand…

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Oil Prices Slip On Bearish IEA Report

Nov 10, 2016 at 13:18 | Matt Smith

It is national forget-me-not day, something it is impossible to do with OPEC amid an onslaught of monthly oil reports. Today's bearish-tilted monthly report from the IEA is combining with…

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Breaking The Pattern: Trump Wins, Oil Jumps

Nov 09, 2016 at 16:03 | Irina Slav

In early afternoon yesterday, with voting at full swing across the U.S., West Texas Intermediate was trading at US$45.23 a barrel, up almost a percent from opening. But by 11:30…

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Oil Gains After Extremely Volatile 24 Hours

Nov 09, 2016 at 11:03 | Matt Smith

Things come in threes, so after the unexpected Brexit result earlier in the year, and Donald Trump's surprise election victory overnight, it would appear we are destined for an unlikely…

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