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Gulf Nations Are Desperate For Higher Oil Prices

Gulf Nations Are Desperate For Higher Oil Prices

Despite claims that their economies…

Energy / Oil Prices

A Bear’s Guide To Oil Markets

Nov 12, 2019 at 17:34 | Alex Kimani

Oil trades have not exactly shot the lights out this year. With the bulls getting kicked more times than a pigskin at the Super Bowl in a highly fickle market,…

Aramco’s Breakeven Costs Are The Lowest In The World

Nov 12, 2019 at 09:20 | Irina Slav

Aramco has the lowest production costs for oil projects in the world, the company said in its newly released IPO prospectus, adding that partner producers such as Russia, Venezuela,…

Canadian Oil Prices Crash After Keystone Spill

Nov 07, 2019 at 14:21 | Nick Cunningham

Prices for Canadian oil continue to sink as the Keystone Pipeline remains offline. The pipeline sprung a leak late last month, spilling more than 9,000 barrels of oil into wetlands…

Economic Uncertainty Leaves Oil Markets Paralyzed

Oct 31, 2019 at 17:37 | Nick Cunningham

The Federal Reserve cut interest rates again this week, but signaled that it may be done cutting for the time being. It was the third interest rate cut this year,…

The Counterintuitive Cure For Low Oil Prices

Oct 23, 2019 at 17:30 | Dan Steffens

Before I get into the reasoning for my belief that oil prices must go higher very soon to avoid a serious supply shortage next summer, let’s get a few things…

Russia Predicts The Death Of U.S. Shale

Oct 22, 2019 at 11:05 | Tsvetana Paraskova

U.S. shale production growth is slowing down, and America’s shale output will likely peak in the next few years, Russia’s Energy Minister Alexander Novak said on Tuesday. We see…

The Cheapest Oil Ever Sold

Oct 16, 2019 at 16:14 | Haley Zaremba

An elite government-appointed group called the National Conservation Commission is charged with taking a comprehensive inventory of natural resources in the United States and discover where resources are being inefficiently…

Saudi Revenge? Iran Reports Oil Tanker Explosion

Oct 11, 2019 at 09:13 | Tsvetana Paraskova

Oil prices jumped early on Friday after Iran said that explosions hit one of its oil tankers off the Saudi port city of Jeddah in the Red Sea, damaging…

Largest Oil Traders: Oil Prices Aren’t Going Anywhere

Oct 10, 2019 at 17:50 | Tsvetana Paraskova

Oil prices are not going anywhere, at least until this time next year. Brent Crude will still trade range-bound in the $50s a year from now, the heads of…

OPEC Chief Hints At Deeper Cuts In December

Oct 10, 2019 at 10:40 | Tsvetana Paraskova

All options are on the table, including a deeper cut from OPEC and its allies in December, OPEC Secretary General Mohammad Barkindo said on Thursday, as the OPEC+ coalition…

EIA Sharply Cuts Oil Price Forecast

Oct 08, 2019 at 15:57 | Julianne Geiger

The EIA has revised downward again its oil price forecast in October’s Short Term Energy Outlook (STEO), shaving another $5 per barrel off its forecast compared to last month’s…

Oil Slides On Trade War Anxiety

Oct 08, 2019 at 10:56 | Tsvetana Paraskova

Oil prices dropped on Tuesday morning, as market participants become more anxious about the next round of U.S.-China trade talks later this week, after the U.S. blacklisted multiple Chinese firms…

$10 Oil - How Far Could Oil Prices Fall If We See A 2009 Style Crash?

Oct 07, 2019 at 17:05 | Julianne Geiger

While predictions about volatile oil prices abound, one theme keeps popping up: geopolitical risk premium. First it was theories about a closure at the Strait of Hormuz. Then it was…

Oil Bounces Back After Hedge Fund Selling Spree

Oct 07, 2019 at 09:18 | Tsvetana Paraskova

Hedge funds have already left behind the attacks on Saudi oil infrastructure in mid-September and have been net sellers of petroleum futures in the past two weeks as gloomy outlooks…

Short Covering Halts Oil Price Rout

Oct 04, 2019 at 12:49 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to close lower for the week, but a rally on Friday is helping traders claw back…

Oil Prices Jump On Bright U.S. Employment Data

Oct 04, 2019 at 10:43 | Tsvetana Paraskova

Oil prices rose early on Friday after fresh data showed that the U.S. unemployment rate fell to 3.5 percent in September, the lowest rate in nearly 50 years, which eased…

Oil Sinks To Two-Month Low On String Of Bearish News

Oct 03, 2019 at 09:31 | Tsvetana Paraskova

The oil market was rocked just weeks ago by a major attack on Saudi Oil infrastructure that saw 5.7 million bpd taken offline, but looking at oil prices, you’d never…

Oil Prices Tank On Global Recession Fears

Oct 02, 2019 at 16:32 | Nick Cunningham

Oil prices continued to slide on Wednesday, falling on a string of worrying economic news. Markets were peppered with troubling data from September at the start of the week, with…

$300 Oil: What If The Attacks In Saudi Arabia Had Destroyed Production?

Sep 30, 2019 at 16:53 | Irina Slav

Saudi Arabia’s Crown Prince Mohammed bin Salman (MBC) has told CBS that oil could reach “unimaginably high numbers” if a war with Iran were to erupt, which he suggested…

Trump’s Latest Trade War Move Sends Oil Tanking

Sep 30, 2019 at 16:39 | Nick Cunningham

Oil prices fell again on Monday on waning hopes of a breakthrough in the U.S.-China trade war. Late last week, Bloomberg reported that the Trump administration was considering more…

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