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Oil Prices Rise On Supply Outage In Norway

Oil Prices Rise On Supply Outage In Norway

Oil prices approached the $80…

Energy / Oil Prices

Analysts Raise Oil Price Forecast On Expectations Of Supply Deficit

Analysts Raise Oil Price Forecast On Expectations Of Supply Deficit

Jun 29, 2018 at 11:02 | Tsvetana Paraskova

OPEC and Russia’s pledge to boost oil production will not be enough to offset supply disruptions from Iran and Venezuela amid strong oil demand, according to a monthly Reuters…

Oil Prices Spike Despite Saudi Plan For Unprecedented Oil Export Surge

Oil Prices Spike Despite Saudi Plan For Unprecedented Oil Export Surge

Jun 26, 2018 at 12:01 | ZeroHedge

Update: So much for any drop in the price after the Saudi production boost report: the market appears far more focused on the news of a potential sharp drop in Iran…

Goldman Blames Canada For WTI Price Spike

Goldman Blames Canada For WTI Price Spike

Jun 25, 2018 at 10:26 | Tsvetana Paraskova

While all eyes watched the OPEC saga last week, there was an outage in Canada’s oil sands that will cut production at least through July, supporting the U.S. benchmark prices,…

Goldman: Expect Another Bull Run In Oil

Goldman: Expect Another Bull Run In Oil

Jun 19, 2018 at 16:59 | Nick Cunningham

The expected increase in oil production will not leave the market in a situation of oversupply, and in fact, barring no further action, the world could still be short of…

Tariff Threats And OPEC Rhetoric Push Oil Prices Down

Tariff Threats And OPEC Rhetoric Push Oil Prices Down

Jun 19, 2018 at 09:27 | Irina Slav

Crude oil continued sliding today on the back of growing tensions between the United States and China and anticipation of a difficult OPEC+ meeting on Friday. At the time of…

Iran: Oil Prices Could Jump To $140 On U.S. Sanctions

Iran: Oil Prices Could Jump To $140 On U.S. Sanctions

Jun 08, 2018 at 09:02 | Tsvetana Paraskova

Oil prices could jump to $140 a barrel due to the U.S. sanctions against Iran and Venezuela, Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters on Friday. The Iranian…

Was This Just A Temporary Pullback In Oil?

Was This Just A Temporary Pullback In Oil?

Jun 07, 2018 at 16:45 | Tsvetana Paraskova

Oil market analysts are looking into the global supply and demand picture to guess where the price of oil is heading, and opinions and forecasts always vary widely. While oil…

Oil Sinks Deeper On OPEC Concerns

Oil Sinks Deeper On OPEC Concerns

Jun 05, 2018 at 12:29 | Tom Kool

Oil prices fell on Tuesday morning as oil traders continue to voice concern about the plans of OPEC to increase oil production.

Shale Bottlenecks Could Send Oil Prices Higher

Shale Bottlenecks Could Send Oil Prices Higher

Jun 01, 2018 at 17:06 | Irina Slav

Amid reports that OPEC will likely decide to start easing production quotas after June 22 and an IEA forecast that electric vehicles will displace 2.5 million bpd in crude oil…

Explaining The Double Digit WTI Discount

Explaining The Double Digit WTI Discount

May 31, 2018 at 16:55 | Nick Cunningham

Global oil benchmarks are suddenly heading in different directions, upending what have consistently been close linkages between prices in various parts of the world. To be sure, oil prices have…

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