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OPEC Outages Are Driving Up Oil Prices

OPEC Outages Are Driving Up Oil Prices

Geopolitics is once again playing…

Hurricane Danger Lifts Oil Prices

Hurricane Danger Lifts Oil Prices

Hurricane danger is once again…

Energy / Oil Prices

Goldman: Oil Prices To Hit $82.50 By The Summer

Goldman: Oil Prices To Hit $82.50 By The Summer

May 09, 2018 at 12:35 | Tsvetana Paraskova

Increased geopolitical tensions in the Middle East, plunging Venezuelan production, and now the U.S. withdrawal from the Iran nuclear deal could push Brent Crude prices to $82.50 a barrel…

Brent Rises To 4-Year High As Houthis Target Saudi Oil Facility

Brent Rises To 4-Year High As Houthis Target Saudi Oil Facility

May 07, 2018 at 10:57 | Tsvetana Paraskova

Houthi rebels in Yemen claim to have fired two ballistic missiles toward an oil facility in the southern Saudi city of Jizan, close to the border with Yemen, Houthi-controlled…

Oil Prices Up As Iran Deal Hangs In The Balance

Oil Prices Up As Iran Deal Hangs In The Balance

May 04, 2018 at 11:10 | Tsvetana Paraskova

Oil prices were rising early on Friday, heading for a weekly gain but off recent highs, as market participants are growing apprehensive a week ahead of the May 12 deadline…

Will Higher Oil Prices Destroy Demand?

Will Higher Oil Prices Destroy Demand?

May 03, 2018 at 17:29 | Nick Cunningham

Oil prices have dipped a bit this week, but still remain at their highest levels in nearly three and a half years. The reasons are by now familiar to most…

Saudi Arabia Needs $88 Oil

Saudi Arabia Needs $88 Oil

May 02, 2018 at 17:31 | Nick Cunningham

Higher oil prices have provided a boost to the economies of oil-exporting nations such as Saudi Arabia. But the economic risks going forward are “skewed to the downside,” the International…

Could Oil Actually Hit $300?

Could Oil Actually Hit $300?

May 02, 2018 at 10:46 | Irina Slav

Speculating on the price of oil is a favorite pastime in certain circles, and these include hedge funds. One prominent member of the hedge fund crowd this week said crude…

Major Airlines Expect Oil Prices To Rise

Major Airlines Expect Oil Prices To Rise

Apr 27, 2018 at 17:02 | Irina Slav

Four months ago several large air carriers said they were in no rush to start hedging against further price increases in crude oil and fuel. Now they may be…

The Overstated Threat Of High Oil Prices

The Overstated Threat Of High Oil Prices

Apr 27, 2018 at 17:02 | Robert Rapier

Last Friday, President Trump tweeted:  “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices…

Will Higher Oil Prices Boost The Global Economy?

Will Higher Oil Prices Boost The Global Economy?

Apr 25, 2018 at 14:43 | Tsvetana Paraskova

The recent oil price rally is sure to boost petrodollar inflows into the government coffers and sovereign wealth funds of oil producing nations. A part of those petrodollars could flow…

World Bank: Oil Prices To Average $65 This Year

World Bank: Oil Prices To Average $65 This Year

Apr 25, 2018 at 11:51 | Tsvetana Paraskova

Oil prices are expected to average $65 a barrel this year, up from the $53 per barrel average of 2017, driven by strong consumer demand and OPEC’s continued cuts, the…

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