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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

Don’t Expect Oil Prices To Go Much Higher This Year

Sep 30, 2019 at 09:34 | Tsvetana Paraskova

As sudden oil supply disruptions are offset by faltering demand growth, oil prices are expected to hold steady and near their current levels through the rest of this year, the…

Oil Plunges After Saudi Arabia Announces Yemen Ceasefire

Sep 27, 2019 at 09:16 | Irina Slav

Oil prices fell sharply today after Saudi Arabia agreed to a partial ceasefire in Yemen, the Wall Street Journal reported, citing unnamed sources familiar with the move. The Houthi…

Is Oil Poised For A Breakout?

Sep 23, 2019 at 17:05 | Nick Cunningham

Oil prices are now only slightly higher than they were prior to the Abqaiq attack, but the outage injected a dose of upside risk to the oil market, which may…

Oil Prices Drop As Markets Await Washington’s Response To Saudi Attack

Sep 18, 2019 at 17:51 | Nick Cunningham

It was a wild ride, but oil prices fell again on Wednesday, pushing them back near levels seen earlier this month. Despite the largest supply outage in oil market history,…

Gas Price Jump Imminent Following Saudi Attacks

Sep 18, 2019 at 13:06 | ZeroHedge

The attack on a Saudi Arabia oil facility, now being blamed on Iran, that caused crude oil futures to spike more than 10% to…

Why Oil Prices Just Fell 6%

Sep 17, 2019 at 10:20 | Julianne Geiger

Oil prices fell sharply on late Tuesday morning as Reuters reported that Saudi Arabia’s oil output may return to normal more quickly than earlier reports had suggested. Oil production…

Oil Prices Close 15% Higher On Record Trading Day

Sep 16, 2019 at 16:06 | Nick Cunningham

Oil prices spiked on Monday, two days after the largest oil disruption in history took place. Saudi Arabia lost 5.7 million barrels per day (mb/d) of production after the…

Platts: Oil Could Test $80 After Attacks In Saudi Arabia

Sep 16, 2019 at 09:14 | Tsvetana Paraskova

Oil prices could test the US$80 a barrel Brent Crude price, following the attacks on the Abqaiq facility and the Khurais oil field in Saudi Arabia this weekend, S&P…

Oil Price Explosion – Brent Crude Jumps 20%

Sep 15, 2019 at 18:01 | ZeroHedge

Traders have scrambled to calculate what the limit move in oil would be, after Saturday’s drone attack on the ‘’world’s most important oil processing plant’’. And moments ago, Brent crude…

Can Oil Survive The Looming Economic “Ice Age?”

Sep 13, 2019 at 16:46 | Kurt Cobb

Albert Edwards turned bearish on stocks back in 1996—well, not exactly bearish, but cautious. He recommended to clients that they overweight long-term, high-quality bonds and therefore underweight stocks in…

Russia’s Energy Minister: Fundamentals, Not Trump Impact Oil Prices

Sep 12, 2019 at 11:37 | Tsvetana Paraskova

Russia and OPEC are looking at the fundamental forces on the oil market such as supply and demand, rather than at U.S. President Donald Trump’s tweets, Russian Energy Minister Alexander…

Oil Slides As Trump Considers Easing Sanctions On Iran

Sep 11, 2019 at 11:55 | ZeroHedge

WTI prices were jittery on Wednesday morning, rising initially, but falling back below yesterday's lows, after headlines suggesting Bolton was fired after disagreeing with Trump's desire to ease Iran sanctions to…

Oil Flashcrashes After Trump Fires Security Advisor Bolton

Sep 10, 2019 at 11:47 | Julianne Geiger

A new deal between the United States and Iran may be on the horizon as US President Donald Trump just fired US National Security Advisor John Bolton—and oil prices are…

Three Essential Factors For Oil Prices In 2020

Sep 06, 2019 at 09:21 | Rystad Energy

Three essential factors will determine the direction of the oil price next year, according to Rystad Energy. In a market update, Bjørnar Tonhaugen, head of oil market research at Rystad…

World’s Top Oil Trader Sees Oil Prices Weakening This Year

Sep 05, 2019 at 10:56 | Tsvetana Paraskova

Vitol, the world’s biggest independent oil trader, expects oil prices to weaken in the fourth quarter this year, although prices are unlikely to be below $50 a barrel for a…

Oil Jumps 4% On Positive Chinese Economic Data

Sep 04, 2019 at 11:48 | Julianne Geiger

The bleak outlook on the overall global economy has combined with the trade war worries to pressure prices over the last few days, but today’s economic data that is…

Saudis Need Deeper Cuts To Sustain $60 Oil

Aug 29, 2019 at 09:17 | Tsvetana Paraskova

With market sentiment pessimistic about oil demand growth and with rising U.S. crude oil production, Saudi Arabia needs to take action sooner rather than later to support oil prices at…

Possible Currency War Would Be A Disaster For Oil

Aug 26, 2019 at 16:47 | Nick Cunningham

Oil prices plunged on Friday after the U.S. and China both announced tariff hikes in tit-for-tat fashion. At the same time, markets opened on a positive note early…

Canadian Oil Prices Jump On Crucial Pipeline Breakthrough

Aug 26, 2019 at 10:33 | Irina Slav

Canada’s embattled energy industry has received some good news at last, which could narrow the gap between Western Canadian Select and West Texas Intermediate this week. First, the federal government…

Oil Prices Plunge As China Retaliates With Tariffs On U.S. Goods

Aug 23, 2019 at 09:03 | Tsvetana Paraskova

While the oil market was jittery awaiting a Fed hint at interest rate policy, China retaliated in the trade war with the U.S., announcing plans to slap tariffs on…

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