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Oil Could Fall to $90 If Inflation Persists

Oil Could Fall to $90 If Inflation Persists

Crude oil prices could fall…

Energy / Oil Prices

Goldman Sachs Cuts Oil Price Forecast To $110 This Quarter

Aug 08, 2022 at 10:58 | Tsvetana Paraskova

Goldman Sachs revised down its Brent price forecast for this quarter to $110 a barrel, down from a previous projection of $140 per barrel, but the investment bank still…

Dodgy Demand Data? The Oil Price Collapse Conspiracy

Aug 05, 2022 at 11:22 | Alex Kimani

WTI crude oil prices fell to their lowest point since early February on Thursday, giving up virtually all gains since Russia invaded Ukraine. WTI crude…

Oil Prices Climb Even As Payroll Report Surprises

Aug 05, 2022 at 10:24 | Julianne Geiger

The price of crude oil rose on Friday, balking at the July U.S. jobs report, which suggested that the Federal Reserve could tighten further and limit the…

Oil Prices Fall To $90, But It’s Not Enough For Biden

Aug 03, 2022 at 12:04 | Alex Kimani

After touching the highest level since 2009 above $130/bbl, oil prices have pulled back sharply over the past two months with both Brent and WTI crude currently trading…

Oil Could Fall to $90 If Inflation Persists

Aug 03, 2022 at 11:04 | Irina Slav

Crude oil prices could fall to $90 per barrel if the economies of the world's two biggest consumers continue struggling with growth, Bharat Petroleum's chairman told the Economic Times.…

EIA Inventory Report Pushes Oil Prices Higher

Jul 27, 2022 at 09:46 | Irina Slav

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 4.5 million barrels for the week to July 22. This compared with…

Saudi Aramco May Hike Flagship Crude Prices To Record High Over Benchmarks

Jul 27, 2022 at 08:33 | Tsvetana Paraskova

Saudi Arabia could hike the price of its flagship crude grade going to Asia in September to a record-high premium over benchmarks, a Bloomberg survey of expectations of five…

Oil Prices Slide As IMF Sees Global Economy Teetering On The Brink

Jul 26, 2022 at 13:03 | Julianne Geiger

Crude oil prices fell on Tuesday as the International Monetary Fund warned that high inflation and the Russian-Ukraine war could send the global economy to the brink…

Oil Prices Rally Back Above $100

Jul 15, 2022 at 10:01 | Tsvetana Paraskova

Oil prices rose by 2% early on Friday, with Brent rebounding to above $100 per barrel at the end of a very volatile week, amid reports that President Joe Biden’s…

Oil Could Climb Higher If Officials Fail To Agree On Russian Price Cap

Jul 12, 2022 at 09:19 | Irina Slav

Failure to agree on a price cap for Russian oil will push international prices higher, a U.S. government official has warned, adding that the cap would need to be accompanied…

UK Authority Finds “Cause For Concern” In High Fuel Prices

Jul 08, 2022 at 07:30 | Tsvetana Paraskova

The UK’s Competition and Markets Authority (CMA) launched on Friday an in-depth market study of the domestic road fuel market after finding “cause for concern” in a rising gap…

Can Yellen Convince Asia To Put A Price Cap On Russian Oil?

Jul 08, 2022 at 07:12 | Irina Slav

U.S. Treasury Secretary Janet Yellen will seek support for the U.S. idea of capping Russian export crude oil prices during an upcoming visit to Asia next week, the Associated Press…

Oil Enters A Bear Market As Recession Fears Grow

Jul 07, 2022 at 10:06 | Alex Kimani

For the second day in a row, oil and gas stocks emerged as the worst-performing S&P sector as U.S. crude oil futures settled…

Should You Buy The Oil Price Dip?

Jul 06, 2022 at 10:03 | Alex Kimani

Oil prices nosedived alongside the broader market on Tuesday, with U.S. crude dipping to the psychologically important level of $100/bbl as growing recession fears coupled with concerns over…

Is Biden Really Responsible For High Oil Prices?

Jul 06, 2022 at 09:32 | Robert Rapier

My columns tend to generate a lot of “passionate” responses from viewers. I try to correct misconceptions, as well as false statements and beliefs about the energy industry.…

Debunking The Key Misconceptions About Oil And Gas Prices

Jul 06, 2022 at 09:19 | Robert Rapier

I don’t know who needs to hear this, but it seems like the vast majority of the country — including many politicians — still suffer from…

Will Saudi Arabia Pump More Oil For Biden?

Jul 04, 2022 at 10:30 | Irina Slav

It's not about the oil. This is what President Biden has said about its upcoming visit to the Middle East and, more specifically,…

Oil Prices Rebound As Crude Supply Tightens

Jul 01, 2022 at 09:57 | Charles Kennedy

Oil prices started the month of July rising by 2% early on Friday, rebounding from Thursday’s losses after Libya declared force majeure on more crude export terminals, adding further concerns…

Bounce In Oil Prices Silences Bearish Calls For Crude

Jun 29, 2022 at 08:54 | Alex Kimani

The past few weeks have been a disaster for oil bulls after energy stocks posted their worst performance since the start of the pandemic

Oil About To Post First Full Weekly Loss In 3 Months

Jun 24, 2022 at 08:29 | Irina Slav

As fears of a global recession deepen, oil prices may end the week with the first five-day consecutive losses since April, Bloomberg has reported, also noting the Fed’s intention to…

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