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Goldman Sachs Sees $105 Oil In 2023

Goldman Sachs Sees $105 Oil In 2023

Oil prices could hit $100…

Energy / Oil Prices

Chronic Underinvestment Could Push Oil Prices Higher In 2022

Dec 29, 2021 at 08:39 | Alex Kimani

Long-suffering Americans grappling with runaway inflation are finally enjoying some reprieve. After a relentless climb, prices at the pump have been heading south, with national average gas prices…

Saudi Arabia Doubles Down On Asian Demand

Dec 27, 2021 at 06:06 | Gerald Jansen

The rapid spread of the Omicron variant has been spooking the oil community at large and despite OPEC shrugging off any major demand disruption in its short-term forecasts, it…

Brazil Rushes Ahead With Key Oil Projects As Prices Remain Elevated

Dec 24, 2021 at 07:51 | Felicity Bradstock

With Brazilian oil demand set to continue, Petrobras is making big plans for oil and gas as well as testing the water with greener fuels, although it is…

Oil Prices Crash On Renewed Omicron Panic

Dec 20, 2021 at 10:34 | Julianne Geiger

Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market.  At 11:32 a.m. EDT,

Tight U.S. Oil Inventories Prop Up Oil Prices

Dec 17, 2021 at 14:04 | Tsvetana Paraskova

U.S. oil demand and inventories have offered support to oil prices in recent months and, volatility excluded, have continued to do so, with stocks below the five-year average…

Oil Prices Dip As Omicron Cases Surge

Dec 17, 2021 at 09:22 | Tsvetana Paraskova

Oil prices fell early on Friday and were on track for a weekly loss as the fast-spreading Omicron COVID variant increased concerns about a potential hit to oil demand, while…

Goldman Sees Oil At $100 By 2023

Dec 17, 2021 at 09:01 | Irina Slav

Goldman Sachs has forecast crude oil prices could hit $100 in 2023 as demand growth outpaces supply growth. "There's insufficient supply in the face of strong demand," said Damien…

Saudi Arabia: Hasty Energy Transition Will Lead To Oil Price Spikes

Dec 13, 2021 at 13:23 | Tsvetana Paraskova

The energy transition and the shift toward renewable energy have to be managed very carefully in order to prevent a surge in oil prices as energy demand continues to rise,…

The Biggest Threats To Oil Have Already Been Priced In

Dec 10, 2021 at 09:07 | City A.M

Oil prices have continued on to recover from last month’s steep dive amid easing concerns over the Omicron variant. Both major benchmarks are on course for…

Oil Prices Rebound After ‘Black Friday’ Crash In November

Dec 10, 2021 at 08:44 | Tsvetana Paraskova

Following one of the biggest daily collapses in the past two decades at the end of November, oil prices have rebounded in recent days in a mini relief rally and…

U.S. Shale Slams Biden’s Oil Policies

Dec 09, 2021 at 15:32 | Tsvetana Paraskova

U.S. shale producers have been disappointed with the Biden Administration’s policies regarding the oil and gas industry for nearly a year now, and they voiced their disappointment, once…

Top Executive In U.S. Shale Is Worried Oil Prices Could Go To $100

Dec 08, 2021 at 13:44 | ZeroHedge

After half a decade of U.S. oil drillers underinvesting in projects and returning money to shareholders, it could take years to resume pre-pandemic production levels that could further roil oil…

Sentiment Shifts In Oil Markets As Hedge Fund Selling Spree Ends

Dec 07, 2021 at 13:42 | Irina Slav

The news of another coronavirus variant that prompted some countries to close their borders frightened traders who exited their bullish positions on the commodity in droves a week…

Oil Prices Rise As Fears Of Omicron Lockdowns Subside

Dec 07, 2021 at 09:31 | Tsvetana Paraskova

Oil prices rose early on Tuesday for the second day in a row, as traders are cautiously optimistic that the new Omicron COVID variant would not lead to massive lockdowns…

Oil Prices Rise After Six-Week Losing Streak

Dec 06, 2021 at 09:03 | Irina Slav

Crude oil has recorded six consecutive weeks of losses amid news of lockdown plans in Europe, the SPR reserve release announcement by the White House, and most recently, the emergence…

Oil Jumps As OPEC+ Leaves The Door Open To Revisiting Supply Increase

Dec 03, 2021 at 09:03 | Tsvetana Paraskova

Oil prices rose by 3% early on Friday, extending gains from late Thursday, after the OPEC+ alliance said it could immediately revisit the planned 400,000 bpd increase for January if…

Why This Oil Price Slump May Not Be Bad News For US Shale

Dec 02, 2021 at 15:26 | Irina Slav

Crude oil prices are plunging under the weight of the latest coronavirus variant news and a speculator-driven selloff. But this time, U.S. shale drillers seem to be quite…

Deutsche Bank Bucks Bullish Oil Predictions

Dec 01, 2021 at 12:06 | Irina Slav

Deutsche Bank expects crude oil prices to drop considerably next year, dipping below $60 per barrel in New York, the bank said in a note. "It would be misguided to…

Jefferies: Fully Reopened World Could See $150 Oil

Dec 01, 2021 at 11:05 | Tsvetana Paraskova

Low investment in oil while the world still runs mostly on fossil fuels could send oil prices to $150 per barrel when and if the world fully reopens, Chris Wood,…

$70 Oil Won't Keep OPEC Happy

Nov 29, 2021 at 10:52 | Irina Slav

One day—that was all it took oil prices to plunge by more than a tenth after health authorities announced the identification of the latest potentially dangerous coronavirus variant…

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