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Energy / Oil Prices

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,…

International Energy Forum: $150 Oil Is Possible

Mar 29, 2022 at 10:41 | Tsvetana Paraskova

Oil prices could spike to $150 per barrel, especially if the situation with Russian oil supply worsens amid sanctions from the West and self-sanctioning from buyers, Joseph McMonigle, Secretary-General of…

Saudi Arabia May Raise Its Oil Prices For Asia To Record Premiums

Mar 29, 2022 at 09:55 | Tsvetana Paraskova

Asian refiners and traders expect top crude exporter Saudi Arabia to once again hike significantly the prices of its crude going to Asia in May to a record premium over…

WTI Oil Falls Below $100 Amid Signals Of ‘Constructive’ Peace Talks

Mar 29, 2022 at 08:38 | Tsvetana Paraskova

Oil prices dipped by more than 5% early on Tuesday, with the U.S. benchmark WTI slumping to just below $100 a barrel after signs emerged that the resumption of the…

Oil Rises As Videos Emerge Of Attack On Saudi Oil Facility

Mar 25, 2022 at 10:58 | Charles Kennedy

Unconfirmed reports on Twitter suggest that Houthi rebels launching a barrage of missiles on Saudi Arabia Friday morning have hit a Saudi Aramco…

Short Squeeze Sends Oil Prices Above $120

Mar 23, 2022 at 09:28 | ZeroHedge

Oil pushed higher ahead of high-level meetings that may result in fresh sanctions on Russia, and as a vital Black Sea terminal may be disrupted for weeks following storm damage.…

Oil Prices Jump As European Countries Consider Banning Russian Crude

Mar 21, 2022 at 09:01 | Tsvetana Paraskova

Oil prices rallied early on Monday amid EU consultations about potentially joining the U.S. in banning imports of Russian oil. As of 7:45 a.m. ET on Monday, WTI Crude…

$100 Oil Is A Wakeup Call For Canadian Producers

Mar 18, 2022 at 13:21 | Irina Slav

Canada's oil producers have been struggling to grow for years. Lack of export routes outside the United States and pressure from the government and regulators have combined to…

Pierre Andurand: Oil Could Jump To $200 By Year-End

Mar 17, 2022 at 09:48 | Tsvetana Paraskova

Oil prices could jump to an all-time high of $200 per barrel by the end of this year, as oil producers ranging from African members of OPEC+ to the U.S.…

Oil Rebounds As Market Fears Russian Supply Shock

Mar 17, 2022 at 09:03 | Tsvetana Paraskova

Oil prices jumped by 7% early on Thursday, after the International Energy Agency (IEA) warned on Wednesday that the market could lose 3 million barrels per day (bpd) of Russian…

Oil Prices Plunge As China Locks Down Shenzen

Mar 14, 2022 at 08:59 | Tsvetana Paraskova

Oil prices fell below the $110 per barrel mark early on Monday after China locked down several cities because of a surge in COVID cases and Russia and Ukraine separately…

The Wildest Week Oil Markets Have Ever Seen

Mar 10, 2022 at 10:54 | Tsvetana Paraskova

Oil prices have continued their wild ride this week, with Brent swinging up and down in a $33 a barrel range after ending the wildest week on record…

Oil Prices Break $130 As EU And U.S. Allies Consider Ban On Russian Crude

Mar 06, 2022 at 18:57 | Michael Kern

The United States has confirmed that it is in talks with European allies to potentially sanction Russian crude oil in response to Moscow's ongoing aggression in Ukraine,…

Oil Rallies As White House Considers Ban On Russian Oil Imports

Mar 04, 2022 at 14:06 | Julianne Geiger

Oil prices continue to inch higher, with new reports that the White House is considering a ban on Russian crude oil. At 3:01 pm ET, WTI crude…

Saudi Arabia Significantly Raises Crude Prices To Key Market Asia

Mar 04, 2022 at 13:10 | Julianne Geiger

Saudi Aramco has lifted its price to Asia for its flagship crude oil grade, Arab Light, to $4.95 a barrel premium over Oman/Dubai crude, off which Middle…

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