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Energy / Oil Prices

Oil Prices Rise On Weaker U.S. Dollar

Apr 19, 2021 at 11:00 | Tsvetana Paraskova

Following a 6-percent weekly gain last week, oil prices were slightly up on Monday morning, erasing earlier losses as the U.S. dollar weakened again. As of 10:39 a.m. EDT on…

WoodMac: Oil Prices Could Drop To $10 In 2050

Apr 15, 2021 at 09:55 | Tsvetana Paraskova

Brent Crude oil prices could fall to $10 per barrel by 2050 if the world accelerates the energy transition with decisive action to achieve the Paris Agreement climate…

Will Rising Middle East Oil Prices Harm Global Demand Recovery?

Apr 13, 2021 at 16:05 | Viktor Katona

As we continue to kick the prospect of global economic recovery down the road of 2021, caution remains the buzzword of the oil markets. The less changes month-to-month, the more…

Rising Middle East Production May Trigger A New Oil Price War

Apr 13, 2021 at 09:02 | Irina Slav

Rising Middle Eastern oil production is making the commodity that comes out of this region cheaper compared to Brent-linked grades, which may lead to a price war, Bloomberg has

Morgan Stanley: Oil Prices Stuck In $60 Range This Summer

Apr 12, 2021 at 11:01 | Tsvetana Paraskova

Oil prices will likely be stuck in the $65-$70 range this summer, Morgan Stanley says in a new note, tempering its previous forecast for $70 oil with temporary overshoots because…

Will U.S. Shale Trigger Another Oil Price Crash?

Apr 09, 2021 at 16:15 | Tsvetana Paraskova

A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that…

Oil Rises On Strong Economic Growth Signals

Apr 06, 2021 at 09:07 | Tsvetana Paraskova

Oil prices rose early on Tuesday along with rallies in other commodities and equities globally, following encouraging economic reports out of the United States and China and increased forecasts for…

Oil Prices Plummet 5% As COVID Cases Soar

Apr 05, 2021 at 13:43 | Julianne Geiger

Oil prices fell sharply on Monday afternoon in one of the worst trading days for the commodity since the day in May 2020 when WTI slipped into negative territory.

U.S. Oil Dips Below $60 On Renewed Demand Concerns

Apr 05, 2021 at 09:02 | Tsvetana Paraskova

Oil prices dropped early on Monday, as renewed concerns about oil demand had the market rethink whether last week’s OPEC+ decision to ease the production cuts by more than 1…

Oil Rallies As OPEC+ Signals Confidence In Demand Recovery

Apr 02, 2021 at 09:05 | Tsvetana Paraskova

Following hectic trade movements all day on Thursday, oil prices settled with gains of more than 3 percent for the day, after OPEC+ signaled with its latest oil production decision…

Will The World’s Newest Oil Benchmark Be A Success?

Mar 30, 2021 at 16:48 | Alex Kimani

At a time when highly leveraged U.S. exploration and production (E&P) companies have been struggling with dwindling valuations, shrinking credit lines, and mounting bankruptcies, Middle East

Oil Drops As Suez Canal Shipping Resumes

Mar 30, 2021 at 10:02 | Tsvetana Paraskova

Oil prices fell early on Tuesday as the Suez Canal reopened for ship traffic after a week-long blockage, while rising U.S. dollar put further downward pressure on crude. As of…

Oil Prices Rise As Suez Canal Crisis Comes To An End

Mar 29, 2021 at 14:24 | Julianne Geiger

Oil prices were trading up on Monday afternoon, even as news quickly spread in the market that the vessel that has blocked the Suez Canal for days had finally been…

Oil Prices Drop On Third Wave Of Coronavirus Lockdowns

Mar 25, 2021 at 13:30 | Julianne Geiger

The unfortunate tanker mishap in the Suez Canal that continues to block tanker traffic is being overshadowed by another wave of coronavirus-inspired lockdowns, sending oil prices once again downward. Oil…

Oil Plunges As European Countries Extend Lockdowns

Mar 23, 2021 at 08:49 | Tsvetana Paraskova

Oil prices dipped by more than 4 percent early on Tuesday, weighed down by concerns about immediate demand and speculators liquidating long positions. As of 9:45 a.m. EDT, WTI…

Hess Sells Off Denmark Oil Assets

Mar 20, 2021 at 08:48 | Felicity Bradstock

Danish oil is attracting attention as INEOS agrees to purchase Hess Corp’s stake in two oil fields within EU producer Denmark.  INEOS has agreed the purchase…

Oil Plunges On A Wave Of Bearish News

Mar 18, 2021 at 11:03 | Tsvetana Paraskova

Oil prices plummeted by 4 percent on Thursday morning, as a rising U.S. dollar, rising U.S. crude inventories, and fresh setbacks in vaccination programs in Europe weighed on the market.…

Oil Extends Losses On Renewed Demand Concerns

Mar 16, 2021 at 10:04 | Tsvetana Paraskova

Oil prices fell for the third day in a row on Tuesday as the third wave of coronavirus infections in Europe and slowing vaccine rollouts in the EU added to…

Oil Prices Retreat As Biden Plans Major Federal Tax Hike

Mar 15, 2021 at 12:02 | ZeroHedge

Despite optimism from Chinese data overnight, forecasts for lower OPEC+ output, and a weaker dollar, oil prices are tumbling this morning with WTI back below $64.50... Some…

Oil Prices Drop As Traders Take Profits

Mar 09, 2021 at 17:43 | Irina Slav

Speculators have been selling oil over the past two weeks as prices continue higher and the appetite for profit-taking increases. How long it will last is anyone's guess, but it…

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