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OPEC’s Agreement Sends Oil Prices Soaring

OPEC’s Agreement Sends Oil Prices Soaring

Oil prices spiked on Friday…

Venezuela’s Oil Meltdown Defies Belief

Venezuela’s Oil Meltdown Defies Belief

As Venezuela’s oil production continues…

Energy / Oil Prices

Goldman: Expect Another Bull Run In Oil

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

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

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?

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

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

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

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

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

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

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…

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