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OPEC Lifts Oil Demand Forecast Amid Rising Prices

OPEC Lifts Oil Demand Forecast Amid Rising Prices

OPEC lifted its global crude…

Trade War Truce With China Boosts Oil Prices

Trade War Truce With China Boosts Oil Prices

China has announced that it…

Energy / Crude Oil

EV Revolution Could Wipe Out $21 Trillion In Oil Revenue

EV Revolution Could Wipe Out $21 Trillion In Oil Revenue

May 23, 2018 at 15:35 | Irina Slav

Hardly a day goes by without a research company releasing yet another report forecasting the future of electric vehicles and all related industries, oil included. Some of these are skeptical,…

Iran: Trump’s Sanctions Can’t Touch Our Oil

Iran: Trump’s Sanctions Can’t Touch Our Oil

May 23, 2018 at 12:48 | Tim Daiss

As the geopolitical drama between not only Iran and the U.S., but between the U.S. and its EU allies unfolds over Trump’s decision to pull out of the 2015 Iranian…

OPEC May Ease Oil Cuts As Soon As June

OPEC May Ease Oil Cuts As Soon As June

May 23, 2018 at 10:14 | Tsvetana Paraskova

As soon as next month, OPEC may decide to reverse some of the production cuts in place since the beginning of 2017, to respond to supply concerns over plummeting Venezuelan…

Crude, Gasoline Prices Slip On Inventory Build

Crude, Gasoline Prices Slip On Inventory Build

May 23, 2018 at 09:45 | Irina Slav

As crude oil begins to slide back down on talk about a possible easing of the OPEC+ production cuts, the Energy Information Administration added to bearish sentiment by reporting…

Traders See Higher Oil Prices In The Long Term

Traders See Higher Oil Prices In The Long Term

May 22, 2018 at 16:57 | Tsvetana Paraskova

Oil market participants and analysts have been focused on the front-month oil futures prices that rallied to levels last seen in November 2014, with Brent Crude breaking above $80…

OPEC Could “Relax” Production Cuts

OPEC Could “Relax” Production Cuts

May 22, 2018 at 16:54 | Nick Cunningham

It was only a few weeks ago that top officials from OPEC nations were issuing statements assuring the market that the group’s production cuts would remain in effect through the…

Could Venezuela Prompt OPEC To Pump More?

Could Venezuela Prompt OPEC To Pump More?

May 22, 2018 at 14:37 | Irina Slav

Venezuela’s oil industry is collapsing fast. No wonder then that OPEC is finally talking about perhaps raising production to make up for Venezuela’s overdelivering on production cuts. As Reuters

Trade War Truce With China Boosts Oil Prices

Trade War Truce With China Boosts Oil Prices

May 21, 2018 at 16:39 | Tim Daiss

On Saturday, there was a sign of hope that ongoing trade tensions between Washington and Beijing could be remedied. Beijing said that it agreed to significantly increase its purchases…

Iran Prepares For Oil Production Decline

Iran Prepares For Oil Production Decline

May 21, 2018 at 10:51 | Irina Slav

Iran expects disruption in its oil industry after the reintroduction of U.S. sanctions that would make it hard to stick to its current production goals, Oil Minister Bijan Zanganeh said…

Is $70 Oil Enough For Shale Drillers?

Is $70 Oil Enough For Shale Drillers?

May 18, 2018 at 17:31 | Tsvetana Paraskova

WTI Crude prices have recently surged to their highest level in three and a half years—just above $70 a barrel. In theory, that’s higher than the average breakeven costs…

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