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Energy / Oil Prices

Crude trading

Oil Ends 2019 On A Bullish Note

Dec 31, 2019 at 09:37 | Irina Slav

Crude oil prices are about to book their biggest rise in three years on the last day of 2019, supported by the combined force of OPEC+ production cuts and the…

Oil Prices

The Real Reason Oil Prices Remained Low In 2019

Dec 24, 2019 at 10:23 | Irina Slav

The year that is drawing to a close has not been good for oil. Despite production caps across OPEC and beyond, and despite the extra-large number and size of production…

Hengli refinery

Why Oil Traders Are More Bullish On 2020

Dec 18, 2019 at 16:12 | Irina Slav

Optimism among oil traders is rising despite mixed signals from the world’s top oil consumers, largely thanks to signs that pressure is easing between Washington and Beijing and the latter’s…


Oil Prices Jump On Bullish EIA Report

Dec 18, 2019 at 09:43 | Irina Slav

After they dipped following the Tuesday inventory report by the API, oil prices recouped some of their losses after the Energy Information Administration reported a crude oil inventory…

Shale rig

Have Oil Prices Reached An Inflection Point?

Dec 16, 2019 at 16:18 | Nick Cunningham

Oil prices have hit three-month highs, driven higher by the OPEC+ cuts, the U.S.-China trade de-escalation, the slowdown in shale and the apparent stabilization in the global economy. There is…


The Best And Worst Oil Predictions Of 2019

Dec 13, 2019 at 16:35 | Julianne Geiger

There’s nothing like wild volatility to destroy the integrity of those high-end bankers and analysts who are brave enough to make oil price predictions year in and year out. But…

Trade War

Oil Jumps As U.S. Offers To Cut Tariffs By 50%

Dec 12, 2019 at 10:31 | Tsvetana Paraskova

Oil prices rose by more than 1 percent early on Thursday after U.S. President Donald Trump said that the United States was very close to some sort of a deal…


The OPEC+ Deal Was The First Step To $100 Oil

Dec 10, 2019 at 14:02 | Dan Steffens

The price of oil has been trapped in the mid-$50s because of fear: 1) Fear that OPEC+ would break ranks and flood the global market with oil. 2) Fear of…


Russian Oil CEO: OPEC+ Cuts To Keep Oil Between $55 And $65

Dec 10, 2019 at 09:03 | Tsvetana Paraskova

The efforts of OPEC and its Russia-led non-OPEC allies to cut production further will be positive for oil prices, which will stay in the US$55-US$65 per barrel range in the…


Goldman Sachs Sees Higher Oil Prices In 2020

Dec 09, 2019 at 09:21 | Irina Slav

Goldman Sachs lifted its crude oil price forecast for 2020 on the grounds that OPEC’s deeper production cuts will help the market avoid oversupply, Bloomberg reports, citing an emailed…

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