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Energy / Oil Prices

Citi: Oil Prices Are Going Nowhere Next Year

Citi: Oil Prices Are Going Nowhere Next Year

Dec 11, 2018 at 15:55 | Tim Daiss

We’ve been here before and since global oil markets are indeed cyclical, Citi’s new oil price forecast for 2019 should not come as much of a surprise. The bank…

Iran Widens Discount For Crude To Asia

Iran Widens Discount For Crude To Asia

Dec 11, 2018 at 10:51 | Irina Slav

Iran is going to offer its crude to Asian buyers, to be delivered in January, at US$1 per barrel less than this month, Reuters reports, citing a pricing document. The…

Asian Oil Futures Point To Higher Crude Prices

Asian Oil Futures Point To Higher Crude Prices

Dec 10, 2018 at 15:42 | Tsvetana Paraskova

The markets of crude oil and liquefied natural gas (LNG) in Asia are currently awash with fuel. Yet, futures prices pointed to different market situations in oil and LNG as…

Morgan Stanley Slashes Oil Price Forecast For 2019

Morgan Stanley Slashes Oil Price Forecast For 2019

Dec 10, 2018 at 11:42 | Irina Slav

Morgan Stanley has cut its Brent crude price forecast for 2019 by US$10 a barrel to US$68.50 in the latest sign yet that the OPEC+ production cuts announced after…

Oil Soars After OPEC And Partners Reach Deal

Oil Soars After OPEC And Partners Reach Deal

Dec 07, 2018 at 09:21 | Tsvetana Paraskova

Oil prices shot up on Friday after the stubborn holdout Iran agreed to have OPEC reduce oil production by a total of 800,000 bpd, while non-OPEC nations, led by…

Oil Prices Crash As OPEC+ Scrambles At 11th Hour

Oil Prices Crash As OPEC+ Scrambles At 11th Hour

Dec 06, 2018 at 11:46 | Nick Cunningham

Oil prices crashed early Thursday, as OPEC failed to reveal a solid agreement in Vienna, at least not yet. After hours of meetings, OPEC cancelled its news conference,

Is This The Beginning Of The Next Bull Run In Oil?

Is This The Beginning Of The Next Bull Run In Oil?

Dec 03, 2018 at 17:29 | Nick Cunningham

It will be a busy few days for the oil market, and the week started off with a bang. Oil prices shot up on Monday on news that the U.S.…

Oil Jumps On Trump-Xi Trade Truce

Oil Jumps On Trump-Xi Trade Truce

Dec 03, 2018 at 10:30 | Irina Slav

Crude oil began trading today with a 5-percent gain following favorable reports from G20, where Presidents Trump and Xi agreed on a 90-day truce and Russia’s Vladimir Putin said…

Why We Should Worry About Low Oil Prices

Why We Should Worry About Low Oil Prices

Nov 30, 2018 at 16:46 | Gail Tverberg

Many people, including most Peak Oilers, expect that oil prices will rise endlessly. They expect rising oil prices because, over time, companies find it necessary to access more difficult-to-extract oil.…

Do Falling Oil Prices Help Or Hurt The U.S.?

Do Falling Oil Prices Help Or Hurt The U.S.?

Nov 30, 2018 at 16:26 | Editorial Dept

“If you repeat a falsehood long enough, it will eventually be accepted as fact.” In the financial markets, and economics, it is a common occurrence for the media and commentators…

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