Israeli authorities claimed to have…
A rarely used technique called…
Brent Crude and WTI Crude prices hit a five-month high this week amid signs of tightening market and clashes in wildcard OPEC producer Libya. Brent Crude topped $71 and…
Already rocked by excessive volatility, the oil market could become even more volatile in the coming months, according to the chief strategist of JTD Energy Services, with geopolitical disruptions pushing…
It’s not just OPEC production cuts, Venezuelan chaos, and sanctions that are pushing up oil prices this year--U.S. shale production is slowing, too. And the result is a phenomenal 30-percent…
The Libyan National Army (LNA) has launched a campaign to take over Tripoli and oust the internationally-recognized government, the latest phase in a long-running civil war that has simmered since…
Hedge funds and other money managers expanded their bullish bets on oil prices last week amid signs that U.S. shale growth is slowing, the global oil market is further tightening,…
The ongoing turf war between U.S. president Donald Trump and OPEC+ where the oil market needs to be heading is again heating up. With a barrage of accusations, Trump has…
Saudi Arabia has been signaling for weeks that it is and will be doing whatever it takes to rebalance the oil market by slashing exports and pumping well below its…
The United States is no longer over-supplied with oil. That sounds like good news. The bad news is that it may signal lower oil prices going forward. An unexpected 9…
Brent Crude prices could reach $75 a barrel in the third quarter this year as the oil market will likely swing into a deficit, due to OPEC’s production cuts…
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to settle the week higher after hitting new highs for the year earlier in the week.…
A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively strong demand and an economy humming along – and oil prices are still sharply below the highs seen…
The last 72 hours have not been good for the prospects for the global economy, and therefore for the price of oil. On Thursday, the European Central Bank (ECB) surprised…
A combination of bearish economic events is weighing on crude oil futures on Friday, putting the markets in a position to finish the week lower. The central theme driving prices…
Crude oil prices have gone up twenty-seven percent from their Christmas week lows. Many analysts, company representatives, and OPEC officials see them rising further. The 1.2-million-barrels-per-day cut in oil production…
Crude oil started the day with gains on reports from Washington that a U.S.-Chinese trade deal is imminent, S&P Global Platts reports, noting Treasury Secretary Steven Mnuchin had said…
President Trump extended the trade talks with China, citing “substantial progress,” which will defuse one of the largest downside risks to the oil market, at least for a while longer.…
As the oil market continues to tighten significantly, Brent Crude oil prices could reach $70 to $75 a barrel in the near term, with an upside potential of exceeding…
Oil prices turned sharply lower on Monday morning, reversing early gains, after U.S. President Donald Trump took to Twitter again to criticize OPEC and the high oil prices. Both benchmarks…
Oil prices rose early on Friday, heading for a second weekly increase, driven up by optimism that the U.S. and China will forge a trade deal and that OPEC’s resolve…
Oil prices are likely to jump if Trump and Xi can hash out a deal. The U.S. and China have started to sketch out the framework of a comprehensive trade…