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Breaking News:

Thanksgiving Gas Prices At 3-Year High

Short Bets On Oil Spike Ahead Of OPEC Meeting

Short Bets On Oil Spike Ahead Of OPEC Meeting

Short positions in Brent futures…

Why Oil Prices Will Keep Moving Up

Why Oil Prices Will Keep Moving Up

With oil smashing through two-year…

Energy / Oil Prices

IEA: Oil Prices To Hit A Ceiling In 2018

IEA: Oil Prices To Hit A Ceiling In 2018

Oct 12, 2017 at 16:56 | Nick Cunningham

The global oil market continues to make progress, but the ongoing production gains from non-OPEC countries will probably act as a “the ceiling for aspirations of higher oil prices” in…

Goldman Sachs: Inventory Drawdowns Will Not Continue

Goldman Sachs: Inventory Drawdowns Will Not Continue

Oct 12, 2017 at 16:24 | Nick Cunningham

The September oil price rally was predicated on improving oil market fundamentals, bolstering confidence that the rebalancing process was accelerating. But the inventory declines reported in the third quarter might…

Oil Prices Poised To Rise In Early 2018

Oil Prices Poised To Rise In Early 2018

Oct 11, 2017 at 17:52 | Arthur Berman

Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product…

OPEC To Take Drastic Action Despite Shale Slowdown

OPEC To Take Drastic Action Despite Shale Slowdown

Oct 10, 2017 at 16:54 | Nick Cunningham

WTI recently dipped below $50 per barrel for the first time in a month, erasing the strong September rally. It’s no coincidence that after two weeks of price declines, OPEC…

World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018

World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018

Oct 10, 2017 at 15:13 | Julianne Geiger

The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol. US oil production…

Oil Stable After OPEC Chief Suggests ‘’Extraordinary Measures’’

Oil Stable After OPEC Chief Suggests ‘’Extraordinary Measures’’

Oct 09, 2017 at 10:41 | Irina Slav

Brent crude and West Texas Intermediate started the week with gains after yesterday OPEC’s Secretary General, Mohammed Barkindo, said the cartel may have to take some “extraordinary measures” to…

Tax Breaks Make $50 Oil Profitable In The U.S.

Tax Breaks Make $50 Oil Profitable In The U.S.

Oct 05, 2017 at 16:36 | Tsvetana Paraskova

While the U.S. administration is pushing for a tax code overhaul and supports American “energy dominance”, an environmental group suggests in a new study that at the current oil prices…

Oil Prices May Hit $60 By End Of 2017

Oil Prices May Hit $60 By End Of 2017

Oct 05, 2017 at 12:25 | Kent Moors

As it turned out, my predictions of where prices would end up by the end of September were spot on. And now, we’re entering a period of rather narrow trading…

What Really Killed The Oil Price Rally

What Really Killed The Oil Price Rally

Oct 03, 2017 at 17:02 | Nick Cunningham

The oil market gained a lot of momentum in August and September, and Brent flirted with $60 per barrel toward the end of last month. But suddenly, oil prices have…

Next Week Could Be A Turning Point For The OPEC Output Deal

Next Week Could Be A Turning Point For The OPEC Output Deal

Oct 03, 2017 at 11:59 | Tsvetana Paraskova

OPEC ministers and ministers from other oil producing nations will discuss this week the progress of the production cut deal and a mechanism to monitor crude oil exports, on…

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