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Energy / Oil Prices

Is It Fair To Blame Oil Companies For High Prices?

May 02, 2022 at 08:29 | Robert Rapier

With oil prices still over $100 a barrel, one thing is certain. Oil companies are going to make big profits. But misconceptions abound about the connection between high…

Oil Set To Record Longest Winning Streak In 3 Years

Apr 29, 2022 at 07:35 | Irina Slav

Crude oil prices are set to record the longest string of monthly gains since early 2018, Bloomberg reported today, citing the increased price volatility resulting from the war…

World Bank Sees High Energy Prices For Years After Russia’s War In Ukraine

Apr 26, 2022 at 11:06 | Tsvetana Paraskova

The biggest energy shock since the 1970s is expected to keep oil and other energy prices elevated for years as the Russian invasion of Ukraine is changing energy trade flows…

Brent Crude Falls Below $100 On China Lockdown Fears

Apr 25, 2022 at 11:27 | Charles Kennedy

Oil prices have fallen to a two-week low, dipping below $100 on fears of the further demand consequences of a COVID-19 lockdown in China that has sparked bearish…

Chinese Oil Demand Set For 1.2 Million Bpd Plunge In April  

Apr 22, 2022 at 08:21 | Tsvetana Paraskova

Oil demand in the world’s top crude oil importer, China, is expected to decline by 1.2 million barrels per day (bpd) in April from a year ago—the largest hit to…

Large Crude Draw Sends Oil Prices Higher

Apr 20, 2022 at 09:37 | Irina Slav

Crude oil price moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 15. This…

Oil Dips As IMF Slashes Economic Growth Forecasts

Apr 19, 2022 at 13:09 | Charles Kennedy

As Shanghai prepares to reopen factories amid a strict COVID-19 lockdown that had driven oil prices lower last week, the IMF has cut its global economic growth forecasts…

JPMorgan: Immediate EU Ban On Russian Oil Could Send Prices To $185

Apr 19, 2022 at 10:27 | Tsvetana Paraskova

Oil prices could shoot up to a record $185 per barrel if the European Union acts to impose a full immediate ban on imports of Russian oil, JPMorgan says. The…

Oil Prices Rally Back To Pre-Strategic Petroleum Release Levels

Apr 18, 2022 at 09:25 | Tsvetana Paraskova

Supported by outages in Libya and concerns about the loss of some Russian supply, oil rose early on Monday after a long weekend, returning to the levels last seen at…

Will We See Another Oil Price Breakout Soon?

Apr 14, 2022 at 11:13 | Alex Kimani

With Russia's invasion of Ukraine looking likely to transition into an extended war of attrition in the east of Ukraine, oil supply jitters in the market have cooled…

Is $100 Oil Sustainable?

Apr 12, 2022 at 10:33 | Irina Slav

One popular saying in the oil industry says that the only cure for high oil prices is high oil prices. With a war in Europe, tight global supply…

Brent Falls Below $100, Erasing Ukraine War Gains

Apr 11, 2022 at 08:34 | Tsvetana Paraskova

Oil prices dipped by more than 4% early on Monday, with Brent falling below $100 a barrel, as COVID-related lockdowns in China weighed on demand expectations, while the coordinated massive…

Is It Time To Revisit The Keystone XL Pipeline?

Apr 06, 2022 at 15:15 | Felicity Bradstock

With countries around the world experiencing increasing energy insecurity following the Russian invasion of Ukraine, many are looking for ways to increase their oil and gas supply. Rising…

Oil Prices Stabilize As Bullish And Bearish Catalysts Clash

Apr 05, 2022 at 12:43 | Alex Kimani

Last week, Crude oil prices posted their biggest one-week loss in nearly two years thanks to an apparent breakthrough in peace talks between…

Russian Oil Production Dips For The First Time Since August

Apr 04, 2022 at 11:18 | Charles Kennedy

Russia’s energy ministry has delayed the publishing of official data for the country’s oil production for March, citing technical issues, yet reports in local media suggest that oil output fell…

Saudi Arabia Raises Oil Prices To Record Premiums

Apr 04, 2022 at 09:18 | Tsvetana Paraskova

The world’s largest crude oil exporter, Saudi Arabia, raised its official selling prices for its flagship crude to the Asian market in May to a fresh record against regional benchmarks,…

Biden's SPR Release Sends Oil Prices Below $100

Apr 01, 2022 at 12:40 | Josh Owens

The unprecedented decision by Biden to release 180 million barrels of oil from the country's strategic petroleum reserve over the next six months has sent oil prices below $100. While…

Russian Oil Is Too Cheap To Resist For China And India

Mar 31, 2022 at 12:15 | Felicity Bradstock

Since Russia invaded Ukraine in late February, several countries have introduced sanctions on the country, restricting trade and stopping Russian energy imports. This has led to severe oil…

Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw

Mar 30, 2022 at 09:36 | Irina Slav

Crude oil prices moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 3.4 million barrels for the week to March 25. This…

Oil Rises As Market Braces For Disruption Of Russian Energy Supply

Mar 30, 2022 at 08:40 | Tsvetana Paraskova

Oil prices rebounded from Tuesday’s losses to rise by more than 3% early on Wednesday, as Russia signaled it would want rubles not only for gas but also for oil,…

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