Russia has announced the discovery…
Crude oil prices went lower…
After deliberations, Russia appears set to support Saudi Arabia in the push for deeper production cuts. OPEC’s Joint Technical Committee met on Tuesday, and it was only supposed to be…
Oil prices were on track for a fifth weekly decline early on Friday, weighed down by the loss of demand in China amid the coronavirus outbreak while OPEC and Russia…
Much of the cheap oil has been produced, and the oil industry is increasingly relying on costly reserves. While the world is awash in supply right now, the market may…
OPEC+ is moving quickly to try to halt the meltdown in oil prices as the demand hit from the coronavirus continues to grow. The Joint Technical Committee (JTC) meets…
Citigroup has slashed its oil price forecasts for three of the quarters this year and doesn’t rule out Brent Crude sliding to as low as $47 a barrel as…
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday, however, momentum is clearly to the downside as traders continue to worry about the coronavirus’…
Crude oil prices slid a painful 15% in January—the biggest January slide since 1991—as the coronavirus claims the death of 213 souls and counting.
One of my energy sector predictions for this year was that oil prices would not drop below $50 a barrel. This may turn out to be the fastest falsified prediction…
After several days of losses, oil prices stabilized on Tuesday morning after OPEC and partners announced their intent to extend output cuts till June of this year.
Oil continued to slide on Monday, with Brent dropping well below $60 per barrel, as panic around the coronavirus continues to mushroom. The number of casualties in China continues to…
Oil prices extended losses early on Monday, slumping to nearly four-month lows amid fears that the Chinese coronavirus outbreak will slow China’s economic growth and oil demand. At 08:25…
Oil prices were down early on Friday for a fourth consecutive session, as fears of the deadly Chinese virus spreading and concerns about oil demand trumped supply outages and set…
The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a new…
We begin 2020 with the stock market again testing record highs. We just finished a year in which oil prices rose by more than 30 percent. However, natural gas prices…
Two of Saudi Arabia’s key oil sites are attacked and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The…
Strong demand for heavy-sweet crude grades amid the new shipping fuel regulations has resulted in a recent spot tender in which a crude from Australia sold for close to US$100…
After a short-lived, half-hearted rally, oil prices are down again with a vengeance, retracing levels last seen before the assassination of General Soleimani by the American government. WTI prices surged…
Oil prices were heading for their worst week since July early on Friday, as fears about a full-blown conflict between the U.S. and Iran in the Middle East subsided a…
Oil prices rose and fell in the aftermath of the latest escalation between the United States and Iran, but one kind of oil remained more resilient than the…
Oil prices fell on Wednesday afternoon after US President Donald Trump announced that Iran was backing off its retaliatory stance, and was, as the US President put it, “standing down”.…