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$100 Oil Is Back On The Table

$100 Oil Is Back On The Table

There are once again whispers…

New Sanctions On Russia Could Lift Oil Prices Further

New Sanctions On Russia Could Lift Oil Prices Further

New sanctions on Russia combined…

Energy / Oil Prices

WTI-Brent Spread Narrows To Smallest In Five Months

WTI-Brent Spread Narrows To Smallest In Five Months

Jan 29, 2018 at 09:33 | Irina Slav

Rising U.S. rig count and oil production—along with a firmer U.S. dollar—sent oil prices down by 1 percent early on Monday, but the spread between the U.S. benchmark WTI and…

Three Wild Cards That Could Hurt The Oil Rally

Three Wild Cards That Could Hurt The Oil Rally

Jan 26, 2018 at 17:09 | Kent Moors

The 2018 oil rally is happening at breakneck speed. As I write this, West Texas Intermediate (WTI) is above $66 a barrel while Brent crude is breaching $71 a barrel…

Oil Prices Ease As Refinery Maintenance Season Draws Near

Oil Prices Ease As Refinery Maintenance Season Draws Near

Jan 26, 2018 at 09:27 | Irina Slav

Crude oil prices eased in early trading today, with WTI at US$65.43 a barrel in morning trade in Europe, after yesterday hitting US$66.66 a barrel, the highest since December…

Weak Dollar Drives The Oil Rally

Weak Dollar Drives The Oil Rally

Jan 25, 2018 at 16:30 | Nick Cunningham

Defying gravity, WTI and Brent soared to new heights this week, pushed along by an unlikely ally: U.S. Treasury Secretary Steven Mnuchin. Mnuchin surprised reporters when he seemed to…

What Could Push Oil To $100?

What Could Push Oil To $100?

Jan 24, 2018 at 16:59 | Irina Slav

If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand…

Why Oil Prices Could Dive

Why Oil Prices Could Dive

Jan 24, 2018 at 16:51 | Nick Cunningham

WTI briefly touched $65 per barrel after the EIA reported a surprise drawdown in inventories — the highest price since late 2014. Although the rally hit some stumbling blocks…

Oil Prices Rise On Brighter Global Economic Prospects, OPEC Cuts

Oil Prices Rise On Brighter Global Economic Prospects, OPEC Cuts

Jan 23, 2018 at 09:42 | Tsvetana Paraskova

Oil prices were up early on Tuesday, supported by a brighter outlook on the global economy for this year and next, as well as the continued high compliance of OPEC…

Oil Inches Higher On Saudi, Russian Rhetoric

Oil Inches Higher On Saudi, Russian Rhetoric

Jan 22, 2018 at 09:34 | Irina Slav

Crude oil started the week with gains following comments made by the Russian and Saudi Arabian Energy Ministers at their meeting in Oman, reinforcing an overwhelming feeling of volatility on…

What’s The Limit For Permian Oil Production?

What’s The Limit For Permian Oil Production?

Jan 16, 2018 at 15:49 | Tsvetana Paraskova

The ‘hottest shale play’ has been the media’s favorite cliché for the Permian Basin over the past year. And while cliché, the basin straddling West Texas and New Mexico has…

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…

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