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Saudi Arabia Wants $70 Oil

Saudi Arabia Wants $70 Oil

The OPEC production cut has…

Energy / Oil Prices

OPEC Under Pressure As Oil Rally Continues

OPEC Under Pressure As Oil Rally Continues

Jan 16, 2018 at 15:41 | Nick Cunningham

The surge of Brent crude prices over the last few weeks to $70 may be rattling OPEC, raising questions about the longevity of the collective production cuts. Top OPEC officials…

Strong Oil Demand Growth Supports Oil At $70

Strong Oil Demand Growth Supports Oil At $70

Jan 16, 2018 at 11:26 | Tsvetana Paraskova

Although oil prices were down early on Tuesday, with Brent just below the $70 threshold, robust global oil demand growth and continued OPEC-Russia production cuts are currently supporting the price…

Can The Oil Price Rally Continue?

Can The Oil Price Rally Continue?

Jan 12, 2018 at 17:35 | Nick Cunningham

Oil prices took a breather in early trading on Friday, raising questions over what will happen next. Can the rally continue, pushing Brent well into the $70s? Or will prices…

Goldman: OPEC Will Talk Oil Prices Down If Brent Tops $70

Goldman: OPEC Will Talk Oil Prices Down If Brent Tops $70

Jan 10, 2018 at 10:12 | Tsvetana Paraskova

OPEC doesn’t want central banks around the world the start responding to inflationary pressure from oil prices above $70 a barrel, nor do they want U.S. shale investments to rise,…

The World’s Most Expensive Oil

The World’s Most Expensive Oil

Jan 09, 2018 at 16:22 | Viktor Katona

When asked about the most expensive oil grade out there, those working in the oil industry are caught blindsided because there’s no easy way to answer this question. The price…

Is The Current Oil Price Rally A “Head Fake?”

Is The Current Oil Price Rally A “Head Fake?”

Jan 09, 2018 at 16:14 | Nick Cunningham

With oil prices at their highest level since 2015, the next stop along the way seems to be $70 per barrel. However, some analysts see the more likely scenario as…

Iranian Protests Will Not Impact Oil Prices

Iranian Protests Will Not Impact Oil Prices

Jan 09, 2018 at 16:10 | Zainab Calcuttawala

In Iran, as it is in many Persian Gulf states, oil is the sole economic backbone. It provides federal revenues for basic goods and services and employs large swaths of…

Grading 2017 Oil Price Predictions

Grading 2017 Oil Price Predictions

Jan 09, 2018 at 10:10 | Robert Rapier

The results of my 2017 energy predictions were a mixed bag this year. I correctly forecast that Donald Trump would take action on some stalled pipeline projects and that…

Is An Oil Price Correction Overdue?

Is An Oil Price Correction Overdue?

Jan 08, 2018 at 10:33 | Tsvetana Paraskova

Oil prices rallied in the first week of 2018, supported by increased geopolitical risk and severely cold weather in the eastern U.S., but the ‘perfect storm’ that pushed oil prices…

Are Markets Warming Up To OPEC Output Cuts?

Are Markets Warming Up To OPEC Output Cuts?

Jan 05, 2018 at 14:32 | Ag Metal Miner

After hitting a low of below $43/barrel in mid-2017, the oil price has risen inexorably to its highest level since 2015, according to the Financial Times. Rising some 35 percent since…

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