Energy / Oil Prices

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…

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…

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…

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

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…

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…

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…

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.

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…

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…

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

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…

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…

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…

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…

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…

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.…

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…

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…

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…