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Energy / Oil Prices

Oil Prices Set For Another Weekly Gain As Supply Tightens

Sep 24, 2021 at 09:50 | Tsvetana Paraskova

Oil prices were slightly up early on Friday, headed to a third straight week of gains, as U.S. crude inventories dropped to a three-year low and as surging natural gas…

World's Largest Oil Trader Sees Oil Topping $80 By Year-End

Sep 24, 2021 at 09:02 | Irina Slav

Crude oil prices could rise to $80 per barrel by the end of this year and even top it, Vitol Group’s chief executive Russell Hardy told Bloomberg in an…

Oil Trading Giant Trafigura Sees $100 Oil In Late 2022

Sep 23, 2021 at 12:06 | Tsvetana Paraskova

Recovering global oil demand could send oil prices to $100 a barrel at some point at the end of 2022, despite COVID challenges to demand this coming winter, according to…

Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter

Sep 22, 2021 at 12:44 | Julianne Geiger

Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on Wednesday, according…

Oil Rebounds On Tight Global Energy Supply

Sep 21, 2021 at 09:32 | Tsvetana Paraskova

Oil prices rose early on Tuesday, halting two consecutive days of losses as the global natural gas crunch has the market evaluating the potential of higher demand for other fuels…

Oil Prices Fall As Traders Anxiously Await Fed’s Decision

Sep 20, 2021 at 09:27 | Tsvetana Paraskova

Oil prices dropped early on Monday as the U.S. dollar continues to strengthen ahead of the Fed’s much-anticipated policy meeting this week, which could announce the beginning of stimulus easing.…

Goldman: Oil Could Hit $85 In The Fourth Quarter

Sep 20, 2021 at 09:01 | Tsvetana Paraskova

A colder winter and soaring natural gas prices globally could lead to higher-than-expected oil prices at the end of this year, with the potential for oil hitting…

Two Industries Getting Slammed By Sky High Oil And Natural Gas Prices

Sep 17, 2021 at 12:16 | Alex Kimani

A cross-section of Wall Street experts has been downplaying the recent surge in oil prices, saying that it’s unlikely to hurt the global recovery. One indicator that lends…

Oil Set For A Weekly Gain As Global Energy Prices Surge

Sep 17, 2021 at 09:29 | Tsvetana Paraskova

Oil prices were headed for a fourth consecutive weekly gain early on Friday as natural gas and power prices are surging globally and supporting the energy complex. Early on Friday,…

Chevron CEO: Oil Prices To Remain Higher For Longer

Sep 16, 2021 at 08:45 | Irina Slav

Global oil and gas prices will remain higher for longer as companies resist the urge to ramp up production, the chief executive of Chevron, Mike Wirth told Bloomberg in…

How Long Can U.S. Shale Producers Resist The Oil Price Rally?

Sep 15, 2021 at 14:25 | Irina Slav

It would have been unthinkable a few months ago: ramping up production was the last thing U.S. shale drillers would do amid a hesitant price recovery and heavy…

Oil Jumps To Six-Week High On Brighter Demand Outlook

Sep 14, 2021 at 08:55 | Tsvetana Paraskova

Oil prices rose to their highest level in six weeks early on Tuesday as the IEA said it expects a strong rebound in global oil demand from October and as…

Why Bank Of America Thinks Oil Prices Are Heading To $100

Sep 13, 2021 at 10:44 | Tsvetana Paraskova

Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which could be the most…

Oil Rebounds On U.S.-China Call

Sep 10, 2021 at 08:58 | Tsvetana Paraskova

Oil prices rose early on Friday, supported by an overall bullish market sentiment after the U.S. and Chinese presidents held a phone call to discuss various issues of strategic interest.…

3 Bearish Catalysts For Oil This Fall

Sep 09, 2021 at 14:46 | Alex Kimani

Last week, oil prices enjoyed a nice rally OPEC+ agreed to keep its current production agreement in place, maintaining the 400K bbl/day hike…

Are Oil Prices Heading To $64 or $200? Depends On Who You Ask

Sep 09, 2021 at 10:20 | Tsvetana Paraskova

Brent Crude prices are set to retreat to $64 a barrel by the end of 2021, one of Japan’s leading banks says, while the energy minister of a Gulf oil…

Oil Slides After China Unexpectedly Releases Crude From National Reserve

Sep 09, 2021 at 08:05 | ZeroHedge

Just hours after China revealed yet another high in producer price inflation, Beijing has taken the unprecedented step of releasing oil from its national crude reserve to "alleviate raw material…

Oil Prices Bounce Back On Continued Supply Disruptions

Sep 08, 2021 at 09:01 | Tsvetana Paraskova

Oil prices rebounded early on Wednesday, rising by more than 1 percent, as nearly 80 percent of the total crude oil production in the U.S. Gulf of Mexico remains shut-in…

Lukoil: OPEC+ Aims To Keep Oil Price In The $65-75 Range

Sep 07, 2021 at 11:19 | Tsvetana Paraskova

The OPEC+ alliance looks to keep oil prices in the range between $65 and $75 per barrel, and this is a comfortable price for consumers, Vagit Alekperov,…

Oil Erases Early Gains On Stronger Dollar And Demand Concerns

Sep 07, 2021 at 08:29 | Tsvetana Paraskova

Oil prices erased earlier gains and fell on Tuesday morning as a rising U.S. dollar and concerns about demand weighed on market sentiment. As of 8:40 a.m.…

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