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Brent Crude Nears $85 As Global Energy Crisis Worsens

Brent Crude Nears $85 As Global Energy Crisis Worsens

Oil prices extended Friday’s rally…

Putin: $100 Oil Is “Quite Possible”

Putin: $100 Oil Is “Quite Possible”

Asked by CNBC’s Hadley Gamble…

Energy / Oil Prices

High Oil Prices Could Derail America’s Economic Recovery

Jul 08, 2021 at 12:04 | Haley Zaremba

Way back in March, a veritable eternity ago if you measure by the daily news cycle, Oilprice reported that high oil prices were coming down the pike, and…

Oil Continues To Slide As OPEC Stays Silent

Jul 08, 2021 at 09:48 | Tsvetana Paraskova

Oil prices fell for a third day in a row early on Thursday as uncertainty coming from the OPEC+ deadlock and fears of COVID variants spreading fast weighed on the…

Poor Hedging Could Cost U.S. Shale $20 Billion

Jul 08, 2021 at 08:46 | Irina Slav

U.S. shale oil producers have suffered billions in losses from hedging their output at lower than current prices, the Financial Times reported today, citing data from IHS Markit. According…

Oil Prices Still Have Room To Run

Jul 07, 2021 at 12:05 | David Messler

At mid-year 2021 we find that we are in an unsettled state with respect to crude supplies. Of the three largest contributors to global supply, the U.S.A., Russia,…

Oil Price Plunge Continues Amid OPEC+ Deadlock

Jul 07, 2021 at 11:15 | Tsvetana Paraskova

Oil prices continued falling early on Wednesday, following the sharp losses incurred the previous day after the market started to assess what the OPEC+ deadlock would mean for immediate oil…

OPEC Stalemate Could Spark A New Oil Price War

Jul 06, 2021 at 16:35 | Tsvetana Paraskova

Nearly a week of formal and side talks and behind-the-scenes negotiations failed to resolve a dispute over baseline production levels at OPEC+. The discord threw the group in…

US Oil Prices Soar To 6-Year High In OPEC Standoff

Jul 06, 2021 at 10:07 | Tsvetana Paraskova

The U.S. benchmark oil price WTI Crude hit its highest level since November 2014 early on Tuesday, after OPEC+ on Monday called off its third attempt to reach an agreement…

Biden Urges OPEC+ To Raise Output Amid Soaring Crude Prices

Jul 06, 2021 at 08:59 | Irina Slav

Saudi Aramco has raised the August official selling prices of crude to Asia, as the oil market tightens, sparking fears of another oil price war and prompting the Biden administration…

OPEC+ Fails To Hike Oil Production, Delays Decision Again

Jul 05, 2021 at 11:00 | Julianne Geiger

OPEC+ much-awaited resumption of talks today has now been delayed, indicating that Saudi Arabia and the UAE have not been able to broker any agreement after the UAE opposed production…

Oil Steady As OPEC+ Battles To Break Deadlock

Jul 05, 2021 at 10:05 | Tsvetana Paraskova

Oil prices were little changed and trading only slightly down early on Monday while the market is waiting for the OPEC+ group to begin a third day of meetings to…

Oil Flat As UAE Wildcard Puts OPEC Plans At Risk

Jul 05, 2021 at 09:05 | Irina Slav

OPEC+ is set to resume talks today following a day of digging in by the UAE, which opposes as “unfair” the latest production control proposal to extend the cuts until…

Why Oil Prices Won’t Hit $100

Jul 02, 2021 at 14:23 | Osama Rizvi

A remarkable oil rally has seen oil prices climb almost 34 percent so far this year. Bullish sentiment is now driving speculation of…

Oil Prices Slip As OPEC Delays Decision

Jul 02, 2021 at 09:08 | Irina Slav

Crude oil prices slid lower today after OPEC+ said it would postpone a decision on the return of more barrels to the market for later today. At…

Oil Prices Jump As OPEC+ Reaches Preliminary Deal

Jul 01, 2021 at 12:19 | Tom Kool

Russia and Saudi Arabia have reportedly reached a preliminary deal for OPEC+ to gradually increase output by 2 million barrels per day between August and December, Reuters said, citing…

Oil Surges Past $75 As OPEC+ Discuses 2 Million Bpd Output Boost

Jul 01, 2021 at 08:40 | Tsvetana Paraskova

Oil prices shot up early on Thursday as reports started to emerge that OPEC and its non-OPEC partners led by Russia were discussing another gradual increase in oil supply of…

Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’

Jun 24, 2021 at 10:04 | Tsvetana Paraskova

$100 a barrel oil “sure is possible,” Harold Hamm, executive chairman at Continental Resources, told FOX Business on Thursday, commenting on oil prices and supply and demand on the…

Oil Prices Set To Head Even Higher As Market Tightens

Jun 23, 2021 at 15:12 | Tsvetana Paraskova

Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally…

Oil Rally Continues On Bright U.S. Economic Data

Jun 23, 2021 at 09:09 | Tsvetana Paraskova

Oil prices rose early on Wednesday, driven by brighter economic prospects for the United States and continued recovery in oil demand in America and elsewhere in the world. As of…

Oil Prices Hit Multi-Year High Following Iranian Elections

Jun 22, 2021 at 08:38 | Julianne Geiger

Crude oil prices clambered upward on Monday afternoon as the market feared that Iran nuclear talks may be stalled after hardliner Ebrahim Raisi won the Iranian presidential election. …

Decade Of Chaos Could Send Oil To $130 Per Barrel

Jun 21, 2021 at 11:10 | Irina Slav

From $35 per barrel to $130 per barrel—this is the range for oil prices in the next few years that we could see, according to a commodity trading…

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