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Goldman Sachs: This Oil Rally Won’t Last

Goldman Sachs: This Oil Rally Won’t Last

Investment bank Goldman Sachs thinks…

Oil Tanks As Trump Claims Iran Is Standing Down

Oil Tanks As Trump Claims Iran Is Standing Down

Oil prices fell on Wednesday…

Energy / Oil Prices

How Important Is The Suriname Oil Discovery?

How Important Is The Suriname Oil Discovery?

Jan 17, 2020 at 15:43 | Viktor Katona

The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a new…

Oil Will Stay Above $50 Per Barrel In 2020

Oil Will Stay Above $50 Per Barrel In 2020

Jan 16, 2020 at 11:32 | Robert Rapier

We begin 2020 with the stock market again testing record highs. We just finished a year in which oil prices rose by more than 30 percent. However, natural gas prices…

Is Iran Preparing To Send Oil Back To $100?

Is Iran Preparing To Send Oil Back To $100?

Jan 14, 2020 at 17:26 | Simon Watkins

Two of Saudi Arabia’s key oil sites are attacked and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The…

The World's Most Expensive Oil Nears $100 Per Barrel

The World's Most Expensive Oil Nears $100 Per Barrel

Jan 14, 2020 at 09:25 | Tsvetana Paraskova

Strong demand for heavy-sweet crude grades amid the new shipping fuel regulations has resulted in a recent spot tender in which a crude from Australia sold for close to US$100…

Bad News For Oil: Refinery Profits Are Sliding

Bad News For Oil: Refinery Profits Are Sliding

Jan 13, 2020 at 17:19 | Alex Kimani

After a short-lived, half-hearted rally, oil prices are down again with a vengeance, retracing levels last seen before the assassination of General Soleimani by the American government.  WTI prices surged…

Oil Poised For Steepest Weekly Decline Since July

Oil Poised For Steepest Weekly Decline Since July

Jan 10, 2020 at 10:06 | Tsvetana Paraskova

Oil prices were heading for their worst week since July early on Friday, as fears about a full-blown conflict between the U.S. and Iran in the Middle East subsided a…

Asian Oil Buyers Unfazed By Iran Crisis

Asian Oil Buyers Unfazed By Iran Crisis

Jan 09, 2020 at 10:57 | Irina Slav

Oil prices rose and fell in the aftermath of the latest escalation between the United States and Iran, but one kind of oil remained more resilient than the…

Oil Tanks As Trump Claims Iran Is Standing Down

Oil Tanks As Trump Claims Iran Is Standing Down

Jan 08, 2020 at 12:46 | Julianne Geiger

Oil prices fell on Wednesday afternoon after US President Donald Trump announced that Iran was backing off its retaliatory stance, and was, as the US President put it, “standing down”.…

Goldman Sachs: This Oil Rally Won’t Last

Goldman Sachs: This Oil Rally Won’t Last

Jan 06, 2020 at 10:26 | Tsvetana Paraskova

Although oil prices hit a seven-month high on Friday and continued to soar early on Monday, these high price levels are unlikely to persist for long if global oil…

Oil Set To Move Higher As Markets Await Iranian Retaliation

Oil Set To Move Higher As Markets Await Iranian Retaliation

Jan 03, 2020 at 13:12 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures hit their highest levels since April on Friday after the killing of a top Iranian general sparked fears of a…

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