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Energy / Oil Prices

Oil Soars As OPEC+ Sources Suggest No Production Increase

Mar 04, 2021 at 10:34 | Tsvetana Paraskova

The U.S. oil benchmark, WTI Crude, jumped early on Thursday to above $64 a barrel, soaring by more than 5 percent, after OPEC+ sources began telling reporters that the coalition…

Oil Soars Despite Largest Ever Crude Build

Mar 03, 2021 at 10:51 | Tsvetana Paraskova

Oil prices jumped early on Wednesday, following reports that the OPEC+ group could be weighing the possibility not to increase collective oil production from April as widely expected.…

Oil Rally Stumbles On OPEC+ Uncertainty

Mar 02, 2021 at 17:30 | Irina Slav

A rally that pushed oil prices higher than they were immediately before the pandemic struck has faltered on uncertainty around OPEC+ and a stronger dollar. Hedge fund oil buying reflected…

OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3

Mar 01, 2021 at 13:42 | Tsvetana Paraskova

Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent an…

Reuters Poll: Bankers See Steady Rise In Oil Prices

Feb 26, 2021 at 10:58 | Irina Slav

Brent crude will average $59.07 per barrel this year, according to a Reuters survey of analysts. This is up from last month’s consensus on an average of $54.47 a…

How High Can Oil Really Go?

Feb 25, 2021 at 17:31 | Irina Slav

Oil price revisions started cautiously: some banks saw Brent crude averaging $65 a barrel this year, and others, of a bolder nature, predicted that the oil benchmark could…

Barclays Now Sees Brent Crude At $67 In 2021

Feb 25, 2021 at 10:22 | Tsvetana Paraskova

Barclays became on Thursday the latest bank to upgrade its forecasts for the average price of oil this year due to lower than previously expected supply from the United…

Bank Of America Expects Fastest Oil Price Rise In 30 Years

Feb 25, 2021 at 09:07 | Irina Slav

Oil prices are set to rise by the fastest rate since the 1970s over the next three years, Bank of America said in a new report, joining the growing group…

Carbon Dioxide: A $550-Billion Opportunity

Feb 24, 2021 at 14:42 | Irina Slav

Anyone would be forgiven for being shocked when they see the words ‘carbon’ and ‘opportunity’ in one sentence. Carbon, after all, or rather carbon-oxygen compounds, are the ultimate enemy of…

A Key Fracking Indicator Just Hit Record Lows

Feb 24, 2021 at 13:57 | Osama Rizvi

Oil prices have staged an extraordinary rally in the last three months, rising by 50%. Biden’s presidency, the vaccine rollout, a weak dollar, low interest rates, no inflation,…

Traders Are Betting On $100 Oil Following Texas Freeze

Feb 24, 2021 at 12:56 | ZeroHedge

Amid all the issues ignited in the Texas turmoil, and as oil prices roar to post-COVID highs, analysts across the energy space appear to be outdoing each other with their…

U.S. Shale’s Struggles Will Be Help OPEC Stabilize Oil Prices

Feb 22, 2021 at 15:08 | Tsvetana Paraskova

OPEC and its allies could find managing supply to the oil market easier this year, as U.S. shale producers are still not rushing to accelerate output at $60 oil, OPEC…

Oil Prices Spike As U.S. Outages Tighten Supply

Feb 22, 2021 at 11:24 | Julianne Geiger

Oil prices rebounded again on Monday, with WTI shooting up more than 3% to over $61 per barrel by noon ET. Oil prices spiked to 13-month highs…

Oil Dips As Texas Producers Slowly Move To Restore Output

Feb 19, 2021 at 09:05 | Tsvetana Paraskova

Oil prices extended Thursday’s losses into Friday morning as power returned in most of Texas, and oil producers were preparing to begin restoring the output lost during the Texas Freeze.…

Oil Prices Retreat As Deadly Winter Storm Moves East

Feb 18, 2021 at 12:39 | Tsvetana Paraskova

Oil prices gave up earlier gains to trade lower just after noon on Thursday, while the severe winter storms continued to move east, leaving at least 20 people dead and…

This Commodity Super-Cycle Could Be Unlike Anything We’ve Seen Before

Feb 17, 2021 at 18:03 | David Messler

Commodity prices have been on the rise since late in the 3rd quarter of 2020. Signs that the global economy would rebound faster than…

Oil Prices Soar As U.S. Oil Production Plunges 30%

Feb 17, 2021 at 07:18 | Irina Slav

West Texas Intermediate jumped over $60 per barrel after the Polar Vortex that brought unusually cold weather to a large part of the U.S. froze—literally—a third of…

Is This Oil Rally The Start Of Something Much Bigger?

Feb 16, 2021 at 17:51 | Tsvetana Paraskova

Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.   The commodity bull run across the board—spearheaded by a…

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning

Feb 16, 2021 at 10:56 | Julianne Geiger

Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the…

Robust Asian Demand Prompts Middle East Producers To Roll Over Oil Prices

Feb 15, 2021 at 12:05 | Viktor Katona

Caution has given way to the overly optimistic sentiment of late 2020, with most energy agencies cutting their estimates of 2021 crude demand. According to an industry consensus, global crude…

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