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The World's Most Expensive Oil Nears $100 Per Barrel

The World's Most Expensive Oil Nears $100 Per Barrel

Strong demand for heavy-sweet crude…

Is Iran Preparing To Send Oil Back To $100?

Is Iran Preparing To Send Oil Back To $100?

Brent oil prices have failed…

Energy / Oil Prices

The Oil Price Risk Analysts Are Ignoring

The Oil Price Risk Analysts Are Ignoring

Jun 17, 2019 at 17:52 | Nick Cunningham

Oil prices have given up some of the gains from last week’s oil tanker attack in the Gulf of Oman, with recession fears outweighing geopolitical tension and the risk of…

Middle East Torpedo Attacks Send Oil Prices Soaring

Middle East Torpedo Attacks Send Oil Prices Soaring

Jun 13, 2019 at 08:54 | Tsvetana Paraskova

Oil prices surged early on Thursday after two oil tankers were reported to have been hit by explosions in the Gulf of Oman between Iran and the United Arab Emirates…

Have Canadian Oil Prices Hit The Sweet Spot?

Have Canadian Oil Prices Hit The Sweet Spot?

Jun 11, 2019 at 16:22 | Irina Slav

When Alberta’s previous government, led by Rachel Notley, instituted obligatory oil production cuts to arrest a serious discount in prices to WTI, some in the industry weren’t happy. Others, however,…

OPEC’s Struggle To Avoid $40 Oil

OPEC’s Struggle To Avoid $40 Oil

Jun 10, 2019 at 16:12 | Nick Cunningham

A few weeks ago, OPEC+ was mulling the possibility of exiting the production cut agreement because the oil market was at risk of over-tightening. Now Saudi Arabia is scrambling to…

Russian Energy Minister: Oil Could Still Drop To $30

Russian Energy Minister: Oil Could Still Drop To $30

Jun 10, 2019 at 13:17 | Tsvetana Paraskova

There is a risk that oil prices could drop to as low as $30 a barrel because OPEC and its Russia-led allies could produce more oil by the end of…

Expect More Bearish News For Oil

Expect More Bearish News For Oil

Jun 07, 2019 at 17:41 | Alex Kimani

Pop goes the weasel. How quickly things can change in the oil market. In less than two months, the oil outlook has swung from strongly bullish to decidedly bearish. Only…

Oil Just Had Its Worst Run Since 2008

Oil Just Had Its Worst Run Since 2008

Jun 06, 2019 at 17:19 | Nick Cunningham

Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is…

Oil Resilient Despite Trade Talk Failure

Oil Resilient Despite Trade Talk Failure

Jun 03, 2019 at 09:25 | Irina Slav

Reports of a new policy paper published by the Chinese government pushed oil prices lower in Asian trade this morning, dragging benchmarks downward. Prices quickly rebounded, however, on Saudi reassurances…

Oil Set For Worst Monthly Drop Since November

Oil Set For Worst Monthly Drop Since November

May 31, 2019 at 07:58 | Tsvetana Paraskova

After finishing at a three-month low on Thursday, oil prices continued to slide on Friday morning and are on course to end the month of May with the largest monthly…

Smart Money Turns Increasingly Bearish On Oil

Smart Money Turns Increasingly Bearish On Oil

May 29, 2019 at 16:21 | Tsvetana Paraskova

Over the past month, hedge funds and other portfolio managers have been liquidating some of their bets that oil prices will rise, as concerns about the future of global economy…

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