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Basrah tankers

Asian Oil Buyers Unfazed By Iran Crisis

Oil prices rose and fell…

Suriname Oil Discovery

How Important Is The Suriname Oil Discovery?

Guyana has been the offshore…

Energy / Oil Prices

Petroecuador

EIA Sharply Cuts Oil Price Forecast

Oct 08, 2019 at 15:57 | Julianne Geiger

The EIA has revised downward again its oil price forecast in October’s Short Term Energy Outlook (STEO), shaving another $5 per barrel off its forecast compared to last month’s…

Cushing storage

Oil Slides On Trade War Anxiety

Oct 08, 2019 at 10:56 | Tsvetana Paraskova

Oil prices dropped on Tuesday morning, as market participants become more anxious about the next round of U.S.-China trade talks later this week, after the U.S. blacklisted multiple Chinese firms…

Falling stocks

$10 Oil - How Far Could Oil Prices Fall If We See A 2009 Style Crash?

Oct 07, 2019 at 17:05 | Julianne Geiger

While predictions about volatile oil prices abound, one theme keeps popping up: geopolitical risk premium. First it was theories about a closure at the Strait of Hormuz. Then it was…

Cushing

Oil Bounces Back After Hedge Fund Selling Spree

Oct 07, 2019 at 09:18 | Tsvetana Paraskova

Hedge funds have already left behind the attacks on Saudi oil infrastructure in mid-September and have been net sellers of petroleum futures in the past two weeks as gloomy outlooks…

Mariner platform

Short Covering Halts Oil Price Rout

Oct 04, 2019 at 12:49 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to close lower for the week, but a rally on Friday is helping traders claw back…

US Shale rig

Oil Prices Jump On Bright U.S. Employment Data

Oct 04, 2019 at 10:43 | Tsvetana Paraskova

Oil prices rose early on Friday after fresh data showed that the U.S. unemployment rate fell to 3.5 percent in September, the lowest rate in nearly 50 years, which eased…

Falling stocks

Oil Sinks To Two-Month Low On String Of Bearish News

Oct 03, 2019 at 09:31 | Tsvetana Paraskova

The oil market was rocked just weeks ago by a major attack on Saudi Oil infrastructure that saw 5.7 million bpd taken offline, but looking at oil prices, you’d never…

Offshore rig

Oil Prices Tank On Global Recession Fears

Oct 02, 2019 at 16:32 | Nick Cunningham

Oil prices continued to slide on Wednesday, falling on a string of worrying economic news. Markets were peppered with troubling data from September at the start of the week, with…

oil field

$300 Oil: What If The Attacks In Saudi Arabia Had Destroyed Production?

Sep 30, 2019 at 16:53 | Irina Slav

Saudi Arabia’s Crown Prince Mohammed bin Salman (MBC) has told CBS that oil could reach “unimaginably high numbers” if a war with Iran were to erupt, which he suggested…

Gulf coast tanker

Trump’s Latest Trade War Move Sends Oil Tanking

Sep 30, 2019 at 16:39 | Nick Cunningham

Oil prices fell again on Monday on waning hopes of a breakthrough in the U.S.-China trade war. Late last week, Bloomberg reported that the Trump administration was considering more…

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