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Energy / Oil Prices

Russia’s Oil Minister: Oil Prices Are Good Where They Are

Russia’s Oil Minister: Oil Prices Are Good Where They Are

Nov 30, 2018 at 09:32 | Irina Slav

“In my view, the current price range of oil is comfortable for both producers and consumers,” said Russia’s Energy Minister Alexander Novak in an interview with news agency TASS.…

How Much Lower Can WTI Go?

How Much Lower Can WTI Go?

Nov 29, 2018 at 12:33 | Irina Slav

West Texas Intermediate yesterday fell to US$50 a barrel, after the Energy Information Administration reported yet another weekly inventory build with production at record highs, making the United States the…

Oil Prices Rally As Russia May Be Joining The Cuts

Oil Prices Rally As Russia May Be Joining The Cuts

Nov 29, 2018 at 10:17 | Tsvetana Paraskova

Just a few hours after WTI Crude dipped below $50, oil prices wiped out losses and started climbing on Thursday after reports that Russia has conceded that it needs…

Could Oil Prices Fall To $40?

Could Oil Prices Fall To $40?

Nov 26, 2018 at 09:27 | Osama Rizvi

Crude market volatility has soared in the second half of 2018, with prices touching a four year high before entering their longest losing streak in three decades. Analysts…

Platts Survey: Brent Oil Price To Average $75 Next Year

Platts Survey: Brent Oil Price To Average $75 Next Year

Nov 23, 2018 at 16:46 | Tsvetana Paraskova

Brent Crude is expected to average $75.50 a barrel next year, according to an S&P Global Platts survey of 11 top banks and oil brokers, who see OPEC…

Trump Thanks Saudis For Lower Oil Prices, Wants Even Cheaper Crude

Trump Thanks Saudis For Lower Oil Prices, Wants Even Cheaper Crude

Nov 21, 2018 at 13:10 | Tsvetana Paraskova

It didn’t take long for U.S. President Donald Trump to comment on oil prices, just ten days after he expressed hope that OPEC wouldn’t cut oil production. On Wednesday morning,…

Goldman Expects Extreme Volatility In Oil Markets This Month

Goldman Expects Extreme Volatility In Oil Markets This Month

Nov 21, 2018 at 09:11 | Irina Slav

Goldman Sachs expects the heightened oil price volatility that began last week to continue into the next few weeks, the investment bank said in a note to clients…

Is There Any Hope Left For Oil Bulls?

Is There Any Hope Left For Oil Bulls?

Nov 20, 2018 at 17:25 | Tsvetana Paraskova

Oil prices are off 25 percent from their four-year highs reached in early October, after the massive sell-off that began later that month which dragged crude oil squarely into bear…

Can We Expect A Major Rebound In Oil Prices?

Can We Expect A Major Rebound In Oil Prices?

Nov 16, 2018 at 16:31 | Nick Cunningham

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56…

Russia’s Most Powerful Oilman: We're Fine With Any Oil Price

Russia’s Most Powerful Oilman: We're Fine With Any Oil Price

Nov 15, 2018 at 09:21 | Irina Slav

Rosneft is fine with any level of oil prices, chief executive Igor Sechin told Kommersant radio station as quoted by news agency TASS. "We manage risks. If prices fall,…

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