• 1 hour Nigeria Makes First Step Away From Oil
  • 13 hours Russia Approves Profit-Based Oil Tax For 2019
  • 17 hours French Strike Disrupts Exxon And Total’s Oil Product Shipments
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Breaking News:

Nigeria Makes First Step Away From Oil

Has The Big Oil Fire Sale Started?

Has The Big Oil Fire Sale Started?

The world’s largest sovereign wealth…

Shale Hedges Threaten The Oil Rally

Shale Hedges Threaten The Oil Rally

The recent increase in oil…

Energy / Oil Prices

OPEC Eyes $70 Oil

OPEC Eyes $70 Oil

Nov 07, 2017 at 14:54 | Tsvetana Paraskova

Brent prices hit $60 a barrel 10 days ago and have maintained that level ever since, sparking talk that this could be the new floor under oil prices and that…

Why Oil Prices Will Keep Moving Up

Why Oil Prices Will Keep Moving Up

Nov 07, 2017 at 14:46 | Kent Moors

Crude oil prices were have hit a two-year highs. Despite the misgivings of some pundits who view oil simply as a means for making money from short plays, the global…

OPEC: U.S. Shale To Rise Much Faster Than Expected

OPEC: U.S. Shale To Rise Much Faster Than Expected

Nov 07, 2017 at 11:49 | Tsvetana Paraskova

Higher oil prices, robust oil demand growth, and higher upstream activity will lead to faster-than-previously-expected growth in U.S. shale production until 2022, OPEC said in its World Oil Outlook…

Can Oil Prices Hit $65 This Week?

Can Oil Prices Hit $65 This Week?

Nov 07, 2017 at 09:07 | Irina Slav

Brent crude, the international benchmark, closed above US$64 a barrel for the first time since mid-2015 yesterday, and WTI settled at over US$57 as a string of political arrests…

Can WTI Hit $70 In 2018?

Can WTI Hit $70 In 2018?

Nov 06, 2017 at 17:33 | Arthur Berman

Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the first time in nearly 3…

Is $60 Oil Too Tempting For OPEC?

Is $60 Oil Too Tempting For OPEC?

Nov 03, 2017 at 17:14 | Irina Slav

Last week, a Bloomberg energy journalist tweeted from Riyadh, wondering why there are no mass celebrations of the fact that Brent was coming closer to $60 a barrel. Now that…

Why Oil Bulls Are Running Rampant

Why Oil Bulls Are Running Rampant

Nov 01, 2017 at 15:07 | Nick Cunningham

Brent crude has successfully consolidated its position above $60 per barrel this week, and WTI is approaching $55 per barrel, which would be the highest oil price in more than…

U.S. Shale Could Bring Bearishness Back To Markets

U.S. Shale Could Bring Bearishness Back To Markets

Oct 31, 2017 at 14:55 | Osama Rizvi

Brent oil has breached the technical and psychological barrier of $60, while WTI inched up to $54. The bulls are relishing in the excitement of rising prices. But there’s…

Cautious Optimism Keeps Oil Over $60

Cautious Optimism Keeps Oil Over $60

Oct 31, 2017 at 11:22 | Irina Slav

Brent remained at over US$60 a barrel today, with WTI a bit over US$54 a barrel, but prices have begun to drag because of the prospect of further increases in…

Saudis Need $70 Oil To Break Even

Saudis Need $70 Oil To Break Even

Oct 31, 2017 at 10:14 | Tsvetana Paraskova

Saudi Arabia needs oil prices at $70 per barrel in 2018 in order to breakeven, the International Monetary Fund (IMF) said on Tuesday in its Regional Economic Outlook…

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