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Goldman: Brent To Retest $80 This Year

Goldman: Brent To Retest $80 This Year

Goldman Sachs still expects oil…

Energy / Oil Prices

Saudi Aramco Unexpectedly Raises Arab Light Oil Price To Asia

Saudi Aramco Unexpectedly Raises Arab Light Oil Price To Asia

Apr 05, 2018 at 13:21 | Tsvetana Paraskova

In an unexpected move seen as bullish by futures traders, Saudi Aramco lifted the official selling price (OSP) of its flagship Arab Light crude grade to Asian customers…

Barclays: Expect $51 Oil This Year

Barclays: Expect $51 Oil This Year

Mar 28, 2018 at 16:15 | Damir Kaletovic

As oil continues to pair Monday gains on soaring U.S. crude inventory, Barclays is calling a $51-per-barrel price on WTI by the third and fourth quarters of this year,…

The Truth Behind Oil’s Recent Price Spike

The Truth Behind Oil’s Recent Price Spike

Mar 23, 2018 at 17:53 | Kent Moors

As I’m writing this, the West Texas Intermediate (WTI) has surged almost 3 percent for the day, over 5 percent since the close on Monday, and is up 6.5 percent…

$70 Oil Could Spark An Offshore Oil Boom

$70 Oil Could Spark An Offshore Oil Boom

Mar 23, 2018 at 17:53 | Tim Daiss

Geopolitical risk bearing down on global oil markets is increasingly taking hold and weighing on oil prices as Saudi Arabia and Iran jockey for influence and position in the Middle…

Saudi Oil Minister Expects Oil Cuts To Extend Into 2019

Saudi Oil Minister Expects Oil Cuts To Extend Into 2019

Mar 23, 2018 at 08:43 | Irina Slav

Crude oil prices jumped a percent today on comments from Saudi Arabia’s Energy Minister Khalid al-Falih, who said he expected the OPEC+ production cut deal would be extended into next…

Bearish Factors Are Piling Up For Crude

Bearish Factors Are Piling Up For Crude

Mar 09, 2018 at 16:49 | Jim Hyerczyk

May West Texas Intermediate crude oil futures are in a position to finish lower for a second week. The fundamentals are bearish and the weekly technical chart pattern indicates that…

IEA Does Not Believe Steel Tariffs Will Affect Global Oil Trade

IEA Does Not Believe Steel Tariffs Will Affect Global Oil Trade

Mar 07, 2018 at 09:16 | Zainab Calcuttawala

The International Energy Agency’s (IEA) leadership does not believe President Donald Trump’s tariffs on imported aluminum and steel will affect the global oil trade. “I think the impact on the…

Analysts Expect Oil Prices To Rise This Year

Analysts Expect Oil Prices To Rise This Year

Feb 28, 2018 at 10:29 | Irina Slav

Analysts polled by Reuters expect higher oil prices this year, confident that OPEC and Russian cuts will offset growing U.S. production. Brent crude, analysts expect, will now average US$63…

Oil Jumps On Libya Export Outage, Saudi Comments

Oil Jumps On Libya Export Outage, Saudi Comments

Feb 26, 2018 at 09:31 | Irina Slav

Crude oil started the week with gains thanks to comments from Saudi Arabia’s Energy Minister Khalid al-Falih and reports of a slowdown in exports from Libya’s Mellitah oil terminal. WTI…

What Is The Right Price For Oil In A Balanced Market?

What Is The Right Price For Oil In A Balanced Market?

Feb 21, 2018 at 17:12 | Dan Steffens

The price of oil is well off the low for this cycle because the OPEC + Russia plan to rebalance supply & demand has worked. Now the question is “What…

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