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Saudi Revenge? Iran Reports Oil Tanker Explosion

Saudi Revenge? Iran Reports Oil Tanker Explosion

Oil prices jumped early on…

OPEC Chief Hints At Deeper Cuts In December

OPEC Chief Hints At Deeper Cuts In December

OPEC Secretary Mohamed Barkindo has…

Energy / Oil Prices

Oil Craters On Fears of Currency War

Oil Craters On Fears of Currency War

Aug 07, 2019 at 15:17 | Nick Cunningham

Oil prices plunged on Wednesday as fears of economic recession rose after a wave of interest rate cuts from around the world. In rapid succession, the central banks of India,…

The Threat That Will Send Oil Down To $10

The Threat That Will Send Oil Down To $10

Aug 06, 2019 at 10:31 | Nick Cunningham

Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline is going to be able to compete with…

Oil Crashes On New Trade War Escalation

Oil Crashes On New Trade War Escalation

Aug 05, 2019 at 15:23 | Nick Cunningham

Oil resumed its decline on Monday after China showed signs of not backing down in the face of more tariffs from the United States. It wasn’t just oil. Financial markets…

Here’s Why Canadian Oil Prices Are Finally Rallying

Here’s Why Canadian Oil Prices Are Finally Rallying

Aug 05, 2019 at 12:17 | Tsvetana Paraskova

“The pipeline companies are getting pretty creative on how they’re expanding some capacity out of the country,” Keith Chiasson, Executive Vice-President, Downstream at Cenovus Energy, said on the Q2…

Oil Could Plunge By $30 If China Restores Iranian Oil Imports

Oil Could Plunge By $30 If China Restores Iranian Oil Imports

Aug 05, 2019 at 12:05 | Tsvetana Paraskova

Should China decide to defy the latest U.S. tariff threat by ramping up imports of Iranian crude oil in open defiance to the U.S. sanctions on Iran, oil prices could…

Why Oil Prices Plunged Today

Why Oil Prices Plunged Today

Aug 01, 2019 at 14:57 | Nick Cunningham

Oil traders – along with financial markets everywhere – were disappointed with the decision by the U.S. Federal Reserve despite the first interest rate cut since the global financial crisis…

Oil Crashes As Trade War Escalates

Oil Crashes As Trade War Escalates

Aug 01, 2019 at 13:45 | Nick Cunningham

Oil prices crashed on Thursday immediately after President Trump announced another round of tariffs on China. ...during the talks the U.S. will start, on September…

Oil Trapped In Narrow Price Band

Oil Trapped In Narrow Price Band

Jul 31, 2019 at 13:11 | Nick Cunningham

Oil prices appear to be trapped within a relatively narrow range, squeezed between competing forces on both the upside and downside. There is no shortage of news, but WTI is…

The Bakken Oil Boom Is Facing A New Bottleneck

The Bakken Oil Boom Is Facing A New Bottleneck

Jul 31, 2019 at 11:24 | Nick Cunningham

Bakken drillers could struggle to grow oil production as they may soon run into transportation bottlenecks. The latest snag comes from a new law in Washington State, set to take…

What’s Stopping Oil From Breaking Out?

What’s Stopping Oil From Breaking Out?

Jul 29, 2019 at 12:56 | Nick Cunningham

Oil prices have settled into a temporary rut, with WTI stuck in the mid-$50s and Brent in the mid- to low-$60s. Threats of supply disruptions in the Middle East have…

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