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What Does OPEC’s Strategy Shift Mean for the Oil Market?

What Does OPEC’s Strategy Shift Mean for the Oil Market?

OPEC+ changes course, announcing plans…

Why OPEC+ Failed To Put $80 Floor Under Oil Prices

Why OPEC+ Failed To Put $80 Floor Under Oil Prices

The key disappointment for the…

Energy / Oil Prices

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…

Oil Ends Wildest Week Ever As Russian War In Ukraine Rattles Market

Mar 04, 2022 at 10:02 | Tsvetana Paraskova

Oil prices are on track to end their wildest week ever seen, with a massive $20 a barrel trading range in the past five days, as the Russian invasion of…

Oil Turns Lower On Rumors Of Imminent Iran Nuclear Deal

Mar 03, 2022 at 09:43 | Tom Kool

Rumors that a deal on Iran's nuclear activities could be signed within 72 hours sent oil prices lower on Thursday morning after Brent and WTI had hit nine and 11-year…

Oil Spikes To $112 As Russian Crude Becomes Toxic

Mar 02, 2022 at 08:16 | Tsvetana Paraskova

Oil prices shot up to over $112 per barrel early on Wednesday, rallying by 10 percent so far this week, as most of the Russian seaborne crude oil exports have…

High Oil Prices Aren’t Enough To Tempt Shale Producers

Mar 01, 2022 at 13:20 | Tsvetana Paraskova

U.S. shale production is back in growth mode, but inflation and supply chain bottlenecks could hobble the growth trajectory this year despite the tempting economics of $100 oil.  …

Goldman: Oil Markets Haven’t Fully Priced In Geopolitical Risk Premium

Mar 01, 2022 at 09:57 | Tsvetana Paraskova

Oil prices rallied early on Tuesday, with the U.S. benchmark WTI Crude topping $100 a barrel for the first time since July 2014, as the market scrambles to assess the…

Goldman: Only Demand Destruction Can Keep Oil Prices From Rising

Feb 28, 2022 at 09:41 | Tsvetana Paraskova

Only demand destruction could stop oil from rising to $115 over the next month due to the difficulties Russia will have in payments for its energy exports after the West…

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