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Energy / Oil Prices

Four Scenarios That Could Send Oil Prices To $200

Apr 21, 2023 at 11:07 | Irina Slav

It was the talk of the town last year. Traders bet on oil hitting $200 by March this year. Hedge fund managers warned it could even reach $250…

Oil Sheds 2% Amid Indications Of Fragile Demand

Apr 20, 2023 at 12:30 | Tom Kool

Crude oil prices hit a three-week low on Thursday, trading down over 2.5% amid a significant uptick in gasoline inventories and continued fears of recession countering demand growth.…

Why We Still Need Oil & Gas For Decades To Come

Apr 20, 2023 at 09:53 | Irina Slav

Earlier this month, in an op-ed for the Financial Times, the head of the International Energy Agency, Fatih Birol, wrote that renewable energy was expanding faster than many thought.…

U.S. Treasury Dept. Issues Warning About Buying Russian Crude Above Price Cap

Apr 18, 2023 at 10:00 | RFE/RL staff

The U.S. Treasury Department has published a warning to U.S. companies about possible evasion of a price cap on exported Russian oil, pointing specifically to oil exported through…

What Could Go Wrong With Chinese Oil Demand Forecasts?

Apr 12, 2023 at 15:36 | Alex Kimani

Oil markets have rallied since OPEC+ announced that it will reduce its output further, by some 1.66 million barrels per day, bringing the cartel’s total output reduction to…

The Biggest Losers Of $100 Oil

Apr 07, 2023 at 12:21 | Tsvetana Paraskova

The world’s biggest oil exporters will benefit from the surprise OPEC+ production cut, but if oil prices move higher from here and reach $90 or even $100 a…

The One Catalyst That Could Keep Oil From Hitting $100

Apr 06, 2023 at 10:45 | Irina Slav

A week ago, predicting where oil prices would be in six months or at the end of 2023 was relatively easy. Bar a global slowdown, they would be higher. There…

Tighter Oil Market Becomes More Vulnerable To Price Spikes

Apr 05, 2023 at 10:08 | Julianne Geiger

Oil markets are becoming increasingly sensitive to geopolitical events in recent months, with major price rallies manifesting even for a relatively small cut in production, especially when there is geopolitical…

Citi Doesn’t See $100 Oil Despite Shock OPEC+ Cuts

Apr 03, 2023 at 09:59 | Tom Kool

Oil prices are not going anywhere near $100 per barrel despite the latest production cuts announced by members of the OPEC+ group, as U.S. supply growth and uncertainty in Chinese…

Will The Oil Price Recovery Last?

Mar 29, 2023 at 10:43 | Tsvetana Paraskova

  Following a 10% slump in two weeks, oil prices jumped by 5% on Monday as concerns about the banking sector eased and 400,000 bpd of crude exports…

How Herd Mentality Sparked Chaos In Oil Markets

Mar 28, 2023 at 09:03 | Tom Kool

The only certainty an oil industry observer can bank on right now is that no one understands the markets.  The extreme end of globalization has introduced so many variables that…

Will Banking Fears Force Middle East Producers To Cut Prices?

Mar 27, 2023 at 11:12 | Gerald Jansen

The banking collapses that have sapped confidence in oil markets and brought oil prices closer to the $70 per barrel mark have been followed with great interest across…

WTI Breaks $70 As Kurdistan Halts Oil Exports

Mar 27, 2023 at 09:44 | Tom Kool

Oil prices rose by 2% early on Monday, with the U.S. benchmark up above $70 a barrel again, driven up by a halt to Kurdistan’s 400,000-bpd of crude exports and…

Standard Chartered: Oil Prices Likely To Head Higher

Mar 24, 2023 at 10:44 | Alex Kimani

After a major decline that saw oil prices fall to multi-year lows, oil markets appear to have bottomed out and begun an encouraging ascent higher. Over the past…

Will Brent Break Below $70 This Year?

Mar 23, 2023 at 11:43 | Tsvetana Paraskova

Brent oil prices briefly slumped to $70 per barrel on Monday as fears of a recession and a wider banking crisis roiled markets and sent speculators fleeing riskier…

OECD: Falling Energy Prices Could Bolster Global Economic Growth

Mar 17, 2023 at 09:49 | Michael Kern

Signs have emerged of a slight improvement in the global economy, thanks to falling energy and food prices in early 2023, the OECD said on Friday as it raised its…

Are Oil Prices Set For A Quick Comeback?

Mar 16, 2023 at 12:14 | Alex Kimani

The energy markets are going through one of their worst selloffs in recent times as fears of a new global crisis continue to roil financial markets. Oil prices have crashed…

New Global Crude Flows Make UAE A More Powerful Oil Trading Hub

Mar 16, 2023 at 10:39 | Irina Slav

In 2021, India's refining giant Reliance Industries announced plans to move most of its oil-trading staff from Mumbai to Dubai. In 2022, Swiss-based Litasco, the trading arm of…

Bank Collapse Contagion Fears Spread To Oil Prices

Mar 13, 2023 at 09:44 | Charles Kennedy

Oil prices have fallen over $2 on Monday, and were down as much as $4 in early trading, as fears of a contagion spread following the sudden collapse…

Will We See A Return Of Triple Digit Oil This Year?

Mar 10, 2023 at 10:49 | Tsvetana Paraskova

Oil prices have been stuck in a tight range since erasing the gains of the Russian invasion of Ukraine at the end of last year.  For most of last year,…

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