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Could Big Oil’s Shift To Renewables Be Good For Prices?

Could Big Oil’s Shift To Renewables Be Good For Prices?

Big oil’s shift toward renewable…

China's Crude Imports Become Backbone Of Oil Price Recovery

China's Crude Imports Become Backbone Of Oil Price Recovery

The world’s largest oil importer,…

Energy / Oil Prices

U.S. Oil Prices Steady As June Contract Expires

May 19, 2020 at 11:46 | Tsvetana Paraskova

U.S. oil prices continued rising early on Tuesday morning, the day on which the June contract expires, before falling slightly in what was a much smoother and uneventful trade compared…

Shale Restart Threatens WTI Rally

May 19, 2020 at 11:23 | Irina Slav

West Texas Intermediate has been on a roll, rising above $30 a barrel last week for the first time in two months.  This, however, may be about to end. The…

The Oil Rally Is Running On Fumes

May 18, 2020 at 17:51 | Nick Cunningham

Oil prices have surged to two-month highs on growing signs of a rebound in oil demand, as the easing of lockdowns spread worldwide. At its peak…

Oil Jumps 11% On Signs Of Demand Recovery

May 18, 2020 at 09:56 | Tsvetana Paraskova

U.S. benchmark oil prices surged by 11 percent early on Monday to a two-month high of over $32 a barrel amid signs of demand recovery and accelerated production cuts from…

Fragile Oil Markets Under Threat From 50 Million Barrels Of Saudi Crude

May 15, 2020 at 09:09 | Irina Slav

Some 50 million barrels of Saudi crude oil are approaching U.S. shores just as the Energy Information Administration reported the first inventory decline in months. This, according to Bloomberg, could reverse…

When Will The Next Oil Price Cycle Begin?

May 11, 2020 at 14:06 | Salman Ghouri

The world will soon bounce back from this pandemic, but the recovery will be rough and painful. The current low oil price environment will also come to an…

Oil Prices Rally As Saudi Arabia Pledges To Cut Additional 1 Million Bpd

May 11, 2020 at 09:13 | Irina Slav

Oil prices turned higher on Monday, erasing earlier losses after the world’s top oil exporter and OPEC leader, Saudi Arabia, said it would cut oil production by an additional 1…

Oil Prices Set For Second Consecutive Weekly Gain

May 08, 2020 at 10:05 | Tsvetana Paraskova

Oil prices were poised for a second weekly gain in a row early on Friday, as traders bet that the worst of the demand loss is behind us while production…

Why This Oil Rally Won't Last

May 07, 2020 at 17:41 | Nick Cunningham

Oil prices have rallied as traders believe the depths of demand destruction may be coming to an end with economies beginning to reopen. But some analysts are warning that the…

The Terrifying Truth About Trading Oil

May 07, 2020 at 12:30 | Robert Rapier

When we buy stocks – as long as we don’t trade on margin – we know that the worst case scenario is a 100% loss on our investment. But that…

Oil Jumps 10% As Saudis Raise Prices For First Time Since Price War

May 07, 2020 at 07:54 | ZeroHedge

After slumping much of yesterday, Brent soared on Thursday morning, after Saudi Arabia stepped in to prop up the recovery in the energy market by raising crude prices for its…

Morgan Stanley Says The Worst Is Over For Oil

May 06, 2020 at 12:02 | Irina Slav

The worst for oil is over, but the road to recovery will be long and windy, Bloomberg’s Javier Blas tweeted, citing Morgan Stanley analysts. According to them, April was the…

Oil Prices Fall As 20 Million Americans Lose Their Jobs

May 06, 2020 at 09:19 | Tsvetana Paraskova

After a five-day streak of gains, oil prices reversed course early on Wednesday after a dismal U.S. jobs report and ahead of EIA’s weekly inventory report which will shed light…

This Could Be The Beginning Of A Tremendous Oil Rally

May 05, 2020 at 17:37 | David Messler

If you’re a fan of oil, and I expect you are seeing as how you’re reading articles on OilPrice, get ready for a positive forecast about oil prices…

U.S. Oil Prices Rally To $25 As Demand Picks Up

May 05, 2020 at 10:15 | Tsvetana Paraskova

Oil prices surged early on Tuesday, heading for a fifth consecutive day of gains, amid signs that demand is crawling back up with eased lockdowns in some U.S. states and…

Goldman Sachs Predicts $51 Oil In 2021

May 04, 2020 at 14:32 | Tsvetana Paraskova

Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil demand and production cuts from OPEC+ and…

Oil Jumps On Expectations Of Slowing Inventory Builds

May 04, 2020 at 11:10 | ZeroHedge

Hot on the heels of Goldman's bullish reversal on the oil sector, in which the bank's commodity strategist Damien Courvalin said on Friday that "it now appears likely that the…

Oil Opens Lower As U.S.-China Spat Escalates

May 04, 2020 at 09:14 | Tsvetana Paraskova

After posting the first weekly gain in a month, oil prices plunged early on Monday as tensions between the United States and China grew over the origin of the coronavirus,…

Oil Rallies On Signs Of A Global Reopening

Apr 29, 2020 at 18:06 | Nick Cunningham

Oil prices rose early on Wednesday on a spate of relatively positive news. The most obvious for the oil market was the smaller-than-expected build in crude inventories reported by…

Oil Prices Jump 28% But Analysts Warn More Carnage Still To Come

Apr 29, 2020 at 07:29 | Michael Kern

The price of key U.S. benchmark West Texas Intermediate shot up 18 percent in early trading this morning as new reports emerged suggesting that the United States would not fill…

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