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Oil May Never Hit $100 Again

Oil May Never Hit $100 Again

There are now a number…

Energy / Oil Prices

Oil Prices Hit $15 For The First Time In 21 Years

Apr 19, 2020 at 21:10 | Michael Kern

A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades. U.S. benchmark, West…

U.S. Oil Crashes Below $20 On Record Demand Plunge

Apr 15, 2020 at 08:19 | Tsvetana Paraskova

WTI Crude prices tumbled early on Wednesday to below $20 a barrel, after the International Energy Agency warned of a record oil demand slump this year, adding additional bearish tilt…

Oil Prices Plunge On Grim IMF Economic Forecast

Apr 14, 2020 at 11:05 | ZeroHedge

As if oil prices needed any more help on their downward spiral towards the teens, The IMF just slashed global growth to the worst since the '30s.…

Gazprom Neft CEO: Oil Could Hit $45 This Year

Apr 14, 2020 at 09:07 | Irina Slav

If US states ease national lockdowns and oil demand improves, oil prices could recover to $40-$45 a barrel by the end of this year, the chief executive of Gazprom Neft 

OPEC+ Deal Is “Too Little And Too Late”

Apr 13, 2020 at 17:44 | Nick Cunningham

“The historic agreement that we saw…is only 10 mb/d. But that is only half of the story,” U.S. Secretary of Energy Dan Brouillette said

Goldman Sachs: Don’t Expect Oil Prices To Rise On Historic Oil Deal

Apr 13, 2020 at 10:04 | Tsvetana Paraskova

Even though oil producers finally agreed to cut production by nearly 10 million bpd, the deal will fail to support oil prices in the coming weeks as the agreement, albeit…

Oil Could Fall Back To $20

Apr 09, 2020 at 17:36 | Nick Cunningham

Oil demand is set to plunge by as much as 27 million barrels per day (mb/d) in April, a decline larger than anything that has occurred in the history of…

Oil Prices Tank Despite 10 Million Barrel Per Day Production Cut

Apr 09, 2020 at 15:22 | Julianne Geiger

OPEC++ may have reached today a commitment to cut 10 million bpd of oil production in both May and June, but oil prices reacted poorly…

Global Oil Producers Agree On Joint 10 Million Bpd Output Cut

Apr 09, 2020 at 11:13 | Julianne Geiger

OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Today’s oil prices…

Oil Spikes After Algeria Says OPEC+ Cuts Could Reach 10 Million Bpd

Apr 08, 2020 at 14:20 | Julianne Geiger

The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism…

When Will Oil Bounce Back?

Apr 07, 2020 at 18:13 | David Messler

Last week saw oil move jump in the largest two-day percentage increase in history. A similar movement was seen in Brent, moving back into the mid-$30’s. In a…

The World’s Biggest Oil Deal Can’t Save Crude Prices

Apr 06, 2020 at 17:22 | Nick Cunningham

G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull…

OPEC+ Discuss 10 Million Bpd Cut Involving Other Producers

Apr 03, 2020 at 08:54 | Tsvetana Paraskova

Oil producers from the OPEC+ coalition are discussing the possibility of slashing global crude oil production by 10 million bpd in cooperation with producers from outside the group, a source…

$5 Crude Could Put Canada’s Oil Sands Out Of Business

Apr 02, 2020 at 16:14 | Tsvetana Paraskova

Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canada’s oil patch. 

Trump Tweet Sends Oil Soaring 25%

Apr 02, 2020 at 10:35 | Tsvetana Paraskova

Oil prices spiked on Thursday morning after U.S. President Donald Trump said that he spoke with the Saudi Crown Prince, and hoped and expected that Saudi Arabia and…

Trump May Join Oil Talks Between Russia And Saudi Arabia

Apr 01, 2020 at 12:45 | Irina Slav

President Donald Trump said he might join a discussion about oil production and prices with Saudi Arabia and Russia that, according to him, is ongoing. “The two countries are discussing…

Oil Giants Turn On Each Other As Crude Prices Plummet

Mar 31, 2020 at 17:57 | Nick Cunningham

Scott Sheffield of Pioneer Natural Resources blamed ExxonMobil for blocking help from the American government for the U.S. shale industry. Exxon’s refusal, Sheffield says, is because the oil…

Oil Hits $20 For The First Time In 18 Years

Mar 30, 2020 at 10:57 | Tsvetana Paraskova

Oil prices plunged on Monday to their lowest levels in eighteen years, below $20 per barrel, as the coronavirus pandemic continues to cripple global oil demand with no signs of…

Oil Prices Could Fall Another 20%

Mar 27, 2020 at 15:32 | City A.M

Brent crude was down four percent Friday afternoon at $27.50 per barrel. US crude was five percent lower at $21.47 per barrel.  Prices were on track…

The Oil Price War Won’t Dethrone The Dollar

Mar 26, 2020 at 14:02 | Alex Kimani

With the oil price war between Saudi Arabia and Russia showing no signs of relenting, some analysts are now warning that the standoff could extend much…

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