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Energy / Oil Prices

The 5 Oil Factors To Watch In 2018

The 5 Oil Factors To Watch In 2018

Dec 15, 2017 at 15:57 | Nick Cunningham

Oil prices are set to close out the year somewhere around 15 percent up, and the oil market looks more stable than it has in years. But what does 2018…

Canadian Oil Prices Plunge To $30

Canadian Oil Prices Plunge To $30

Dec 15, 2017 at 15:52 | Nick Cunningham

Oil from Canada’s oil sands is now selling at a $27-per-barrel discount relative to WTI, the sharpest difference in more than four years. Western Canada Select (WCS), a benchmark for…

Why Is Canadian Oil So Cheap?

Why Is Canadian Oil So Cheap?

Dec 12, 2017 at 09:00 | Irina Slav

Western Canadian heavy crude’s price discount to WTI widened to the most in three years, at US$23 for the January contract and US$27 for the December contract, after Enbridge

Brent Spikes As This Major Pipeline Breaks Down

Brent Spikes As This Major Pipeline Breaks Down

Dec 11, 2017 at 16:07 | Nick Cunningham

A crucial pipeline in the North Sea has been shut down due to a crack, causing Brent crude prices to spike on Monday afternoon. In fact, Ineos, the operator…

Oil Prices Rise On Solid Chinese Demand

Oil Prices Rise On Solid Chinese Demand

Dec 08, 2017 at 11:25 | Tsvetana Paraskova

Oil prices rose on Friday morning after Chinese data showed that China’s crude oil imports rose to the second-highest on record in November, and after U.S. total non-farm payroll employment…

Analysts Raise 2018 Oil Price Forecasts After OPEC Deal

Analysts Raise 2018 Oil Price Forecasts After OPEC Deal

Dec 06, 2017 at 11:00 | Tsvetana Paraskova

The extension of the OPEC and allies’ production cut deal through the end of 2018 is sending a stronger signal that the oil market rebalancing could speed up and send…

OPEC’s Latest Agreement May Not Stabilize Oil Prices

OPEC’s Latest Agreement May Not Stabilize Oil Prices

Dec 05, 2017 at 11:14 | Stuart Burns

The 14-strong Organisation of Petroleum Exporting Countries (OPEC), along with 10 oil states outside of the cartel, has reached an agreement to limit oil output until the end of 2018.…

Saudis Raise Crude Oil Prices To Asia

Saudis Raise Crude Oil Prices To Asia

Dec 05, 2017 at 09:38 | Tsvetana Paraskova

On the back of a stronger Dubai benchmark and solid demand in Asia, Saudi Arabia has raised the official selling prices (OSPs) of all its crude grades to Asia for…

Saudi Oil Minister Hints At Post OPEC Deal Strategy

Saudi Oil Minister Hints At Post OPEC Deal Strategy

Dec 04, 2017 at 10:59 | Tsvetana Paraskova

OPEC and Russia-led non-OPEC oil producers left any ‘exit strategy’ talk out of their agreement to extend the production cut pact through the end of 2018 last week, and…

The Man Behind The Oil Price Rally

The Man Behind The Oil Price Rally

Dec 01, 2017 at 17:42 | Dan Dicker

The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but perhaps an even bigger story…

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