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Energy / Oil Prices

Have Canadian Oil Prices Hit The Sweet Spot?

Have Canadian Oil Prices Hit The Sweet Spot?

Jun 11, 2019 at 16:22 | Irina Slav

When Alberta’s previous government, led by Rachel Notley, instituted obligatory oil production cuts to arrest a serious discount in prices to WTI, some in the industry weren’t happy. Others, however,…

OPEC’s Struggle To Avoid $40 Oil

OPEC’s Struggle To Avoid $40 Oil

Jun 10, 2019 at 16:12 | Nick Cunningham

A few weeks ago, OPEC+ was mulling the possibility of exiting the production cut agreement because the oil market was at risk of over-tightening. Now Saudi Arabia is scrambling to…

Russian Energy Minister: Oil Could Still Drop To $30

Russian Energy Minister: Oil Could Still Drop To $30

Jun 10, 2019 at 13:17 | Tsvetana Paraskova

There is a risk that oil prices could drop to as low as $30 a barrel because OPEC and its Russia-led allies could produce more oil by the end of…

Expect More Bearish News For Oil

Expect More Bearish News For Oil

Jun 07, 2019 at 17:41 | Alex Kimani

Pop goes the weasel. How quickly things can change in the oil market. In less than two months, the oil outlook has swung from strongly bullish to decidedly bearish. Only…

Oil Just Had Its Worst Run Since 2008

Oil Just Had Its Worst Run Since 2008

Jun 06, 2019 at 17:19 | Nick Cunningham

Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is…

Oil Resilient Despite Trade Talk Failure

Oil Resilient Despite Trade Talk Failure

Jun 03, 2019 at 09:25 | Irina Slav

Reports of a new policy paper published by the Chinese government pushed oil prices lower in Asian trade this morning, dragging benchmarks downward. Prices quickly rebounded, however, on Saudi reassurances…

Oil Set For Worst Monthly Drop Since November

Oil Set For Worst Monthly Drop Since November

May 31, 2019 at 07:58 | Tsvetana Paraskova

After finishing at a three-month low on Thursday, oil prices continued to slide on Friday morning and are on course to end the month of May with the largest monthly…

Smart Money Turns Increasingly Bearish On Oil

Smart Money Turns Increasingly Bearish On Oil

May 29, 2019 at 16:21 | Tsvetana Paraskova

Over the past month, hedge funds and other portfolio managers have been liquidating some of their bets that oil prices will rise, as concerns about the future of global economy…

Oil Rebounds But Looks At Biggest Weekly Loss Of 2019

Oil Rebounds But Looks At Biggest Weekly Loss Of 2019

May 24, 2019 at 09:04 | Tsvetana Paraskova

Oil prices rose early on Friday, recovering from Thursday’s plunge that sent both WTI and Brent to their lowest levels in nearly two months, but prices are still poised to…

Oil Tanks On Worst Day In Six Months

Oil Tanks On Worst Day In Six Months

May 23, 2019 at 10:45 | Tsvetana Paraskova

Oil prices plummeted on Thursday, joining global sell-offs in equities, as the escalating U.S.-China trade war came into the spotlight again, dampening the outlook for economic and oil demand growth…

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