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Energy / Oil Prices

Bank Of America: $90 Brent May Be Around Corner

Bank Of America: $90 Brent May Be Around Corner

May 17, 2019 at 16:46 | Julianne Geiger

Bank of America Merrill Lynch (BofAML) warns that Brent crude oil could reach $90 per barrel stemming the new IMO rules regarding shipping fuels and a weaker dollar courtesy of…

Oil Rises After Drone Attacks On Saudi Infrastructure

Oil Rises After Drone Attacks On Saudi Infrastructure

May 14, 2019 at 09:10 | Tsvetana Paraskova

Two pumping stations on a Saudi Aramco oil pipeline in Saudi Arabia were attacked by explosive-laden drones in the early morning local time on Tuesday, the official Saudi Press Agency…

STEO: Brent To Average $70 This Year

STEO: Brent To Average $70 This Year

May 08, 2019 at 11:07 | Irina Slav

The Energy Information Administration expects Brent crude prices this year to average US$70 a barrel, falling to US$67 a barrel in 2020, the authority said in the latest edition…

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits

May 07, 2019 at 11:52 | Irina Slav

Saudi Arabia has increased its official selling prices for all crude oil grades for Asian buyers with delivery in June as a supply crunch…

Oil Falls As Trump Threatens New Tariffs On China

Oil Falls As Trump Threatens New Tariffs On China

May 06, 2019 at 11:01 | Irina Slav

Oil prices fell on Monday as President Donald Trump has threatened China to slap a 25-percent tariff on hundreds of billions worth of Chinese goods that have…

Oil Market Is Set To Become Very Tight Later This Year

Oil Market Is Set To Become Very Tight Later This Year

May 03, 2019 at 10:52 | Tsvetana Paraskova

Brent Crude futures prices for later this year suggest that the oil market is undersupplied, despite recent rises in U.S. crude oil inventories that sent spot oil prices plunging…

Oil Price Drops As U.S. Crude Build Outweighs Venezuela Turmoil

Oil Price Drops As U.S. Crude Build Outweighs Venezuela Turmoil

May 01, 2019 at 08:55 | Tsvetana Paraskova

Oil prices dropped early on Wednesday after the API reported on Tuesday a surprise U.S. crude build that outweighed earlier bullish news of a coup attempt in Venezuela and Saudi…

Overly Bullish Hedge Funds Set The Stage For Oil Price Drop

Overly Bullish Hedge Funds Set The Stage For Oil Price Drop

Apr 30, 2019 at 17:02 | Tsvetana Paraskova

For more than ten weeks, portfolio managers have been consistently amassing bullish bets in the most important petroleum futures contracts, as market fundamentals were pointing to OPEC over-delivering on the…

19 Historical Oil Disruptions, And How No.20 Will Shock Markets

19 Historical Oil Disruptions, And How No.20 Will Shock Markets

Apr 29, 2019 at 17:06 | Philip Verleger

Albert Einstein once wrote that “the definition of insanity is doing the same thing over and over again and expecting different results.” Were he alive today, he would be repeating…

Oil Volatility Spikes On Rampant Uncertainty

Oil Volatility Spikes On Rampant Uncertainty

Apr 29, 2019 at 16:46 | Nick Cunningham

The oil price rally has ground to a halt as investors pull back, Trump promises a flood of OPEC oil, and the global economy shows some signs of slowing down.…

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