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Breaking News:

WTI Crude Hits Highest Level In 7 Years

Brent Oil Hits $86 On Dwindling U.S. Inventories

Brent Oil Hits $86 On Dwindling U.S. Inventories

Brent Crude prices hit $86.10…

Oil Falls From Multi-Year Highs

Oil Falls From Multi-Year Highs

Oil prices reversed course on…

Energy / Oil Prices

Oil Dips As Demand Concerns Grow

Aug 13, 2021 at 10:06 | Tsvetana Paraskova

Oil prices fell for a second consecutive day early on Friday, hit by weakening demand estimates and China closing a key terminal at the third-busiest port in the world.  …

Oil Prices Rebound From Three-Week Lows

Aug 10, 2021 at 08:41 | Tsvetana Paraskova

After hitting a three-week low on Monday, oil prices rose early on Tuesday as the market hopes that still resilient oil demand in the West would offset weakness in its…

Aramco Posts Near 300% Increase In Profits On Surging Demand

Aug 09, 2021 at 10:00 | Irina Slav

Saudi Aramco reported a 288-percent increase in net profits for the second quarter of the year, to $25.5 billion, thanks to the rebound in oil prices spurred by growing…

Saudi Arabia’s Latest Oil Price Hike For Asia May Backfire

Aug 06, 2021 at 10:02 | Irina Slav

Saudi Arabia raised its September official selling prices for crude oil by between $0.20 and $0.30 per barrel for Asian buyers to a four-month high. This time, however,  their move…

Oil Prices On Track For Worst Weekly Loss Since March

Aug 06, 2021 at 08:58 | Tsvetana Paraskova

Oil prices rose early on Friday but were still headed for their worst weekly performance since March, depressed by rising COVID cases in many countries and renewed travel restrictions in…

Oil Prices And Energy Stocks Rebound

Aug 05, 2021 at 11:06 | Tsvetana Paraskova

Oil rebounded on Thursday morning, pushing up U.S. energy stocks higher, after three days of declining crude prices over concerns about global oil demand with rising COVID cases in major…

Exxon’s Falling Production Is Highly Bullish For Oil Prices

Aug 04, 2021 at 12:27 | Alex Kimani

Last week, ExxonMobil (NYSE:XOM) reported Q 2 2021 earnings in one of Big Oil's most anticipated scorecards this earnings season. The United States' largest oil and…

Saudi Aramco Hikes Oil Prices To Asia For Second Consecutive Month

Aug 04, 2021 at 10:59 | Tsvetana Paraskova

The world’s largest oil exporter, Saudi Arabia, raised on Wednesday its official selling prices for crude oil loading for Asia in September in a widely expected move tracking stronger Middle…

WTI Falls Below $70 On Global Rise In COVID Cases

Aug 03, 2021 at 09:25 | Tsvetana Paraskova

The U.S. benchmark, WTI Crude, slumped below $70 per barrel early on Tuesday in the second day of sell-offs triggered by surging COVID cases worldwide, including in the biggest economies,…

Could Oil Still Hit $80?

Aug 03, 2021 at 08:59 | Irina Slav

Crude oil markets have been jittery lately as additional OPEC+ output counters expectations of continued strong demand and coincides with concerns about the resurgence of Covid-19 in key markets. Yet…

Oil Prices Continue To Fall On Delta Variant

Aug 02, 2021 at 15:58 | Julianne Geiger

Oil prices started August in the red, and kept falling into the afternoon, with both benchmarks trading down more than 3% near Monday’s close. The price of…

Oil Starts August With A Loss

Aug 02, 2021 at 10:09 | Tsvetana Paraskova

Oil prices fell early on Monday to start August with losses after posting a fourth consecutive month of gains in July.   Oil settled higher on Friday to end the…

Analysts See Oil Trading Closer To $70 Through Year-End

Jul 30, 2021 at 10:53 | Tsvetana Paraskova

Oil analysts and economists believe that $70 a barrel is a more realistic outlook for Brent Crude prices for the rest of the year than $80 oil, as COVID variants…

Oil Opens Lower As Delta Variant Fears Clash With Tight Supply

Jul 26, 2021 at 09:30 | Tsvetana Paraskova

Oil prices were trading slightly down early on Monday after having fallen 1 percent in Asia trade, as the bullish factor of tight market countered the bearish factor of the…

Traders Brace For Major Oil Market Volatility This Summer

Jul 21, 2021 at 13:54 | Tsvetana Paraskova

After a period of relative stability in the oil market where U.S. crude benchmark WTI was trading above $70 a barrel for more…

Oil Dips After EIA Reports Crude Inventory Build

Jul 21, 2021 at 09:38 | Irina Slav

Crude oil prices briefly dipped after the Energy Information Administration reported a crude oil inventory build of 2.1 million barrels for the week to July 16. Last week’s inventory build…

Oil Rallies After Poor Open

Jul 21, 2021 at 08:58 | Tsvetana Paraskova

Oil prices started Wednesday trade in Asia lower, extending the slide from late on Tuesday, when an industry report of a surprise U.S. crude inventory increase stopped the rise in…

Hedge Funds Won Big On OPEC Spat

Jul 20, 2021 at 12:02 | Tsvetana Paraskova

Money managers continue to take profits on oil futures and options contracts after crude prices hit multi-year highs in early July.   Hedge funds and other portfolio…

Oil Prices Inch Even Lower Following Devastating 7% Single-Day Loss

Jul 20, 2021 at 08:34 | Julianne Geiger

After plunging nearly 7% on Monday, oil prices saw a leveling off and even a smidgeon of a rebound on Tuesday in what many hope will be a new state…

Goldman Sachs Raises Oil Price Forecast Following OPEC Deal

Jul 19, 2021 at 10:04 | Tsvetana Paraskova

The agreement which OPEC+ reached on Sunday is modestly bullish for Goldman Sachs’s forecast that Brent will hit $80 per barrel this summer, the investment bank said in a…

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