• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 1 day Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 1 day America's pandemic dead deserve accountability after Birx disclosure
  • 1 hour Biden about to face first real test. Russia building up military on Ukraine border.
  • 3 hours The coming Cyber Attack
  • 3 days Trump punches back at Fauci and Birx's revisionist history (aka lies)
  • 2 hours Fukushima
  • 2 days U.S. and Chinese investors to buy Saudi pipelines , $10 Billion deal.
  • 2 days Create a new law "Postericide" to prosecute and imprison Climate Change "Deniers"
  • 8 hours New Chinese Coal Plants Equal All those in U.S.A
  • 15 hours Does .001 of Atmosphere Control Earth's Climate?!
  • 4 days Goldman Betting on Cryptocurrencies
  • 2 days NG spot prices hit triple digits for weekend delivery
  • 6 days New German Study Shocks Electric Cars: “Considerably” Worse For Climate Than Diesel Cars, Up To 25% More CO2
Oil Rises On Strong Economic Growth Signals

Oil Rises On Strong Economic Growth Signals

Oil prices rose early on…

Oil Prices Plummet 5% As COVID Cases Soar

Oil Prices Plummet 5% As COVID Cases Soar

Oil prices fell sharply on…

Energy / Oil Prices

Saudi Arabia Sees Oil At $50 Until 2023

Oct 05, 2020 at 09:04 | Irina Slav

Saudi Arabia appears to be more upbeat about the immediate future of oil prices than fundamentals warrant, according to Goldman Sachs analysts. These have calculated that the Saudi budget plan…

Souring Fundamentals Force Brent Crude Oil Below $40

Oct 02, 2020 at 13:34 | Tom Kool

Both the President and First Lady of the United States have tested positive for COVID-19 on a day when Brent oil prices crash below $40 and the U.S. rig count…

Oil Falls As Trump Tests Positive For COVID-19

Oct 02, 2020 at 09:02 | Irina Slav

Crude oil prices took a nosedive today after President Donald Trump tweeted late last night that both he and the first lady had tested positive for Covid-19. Brent crude…

Oil Prices Rise After EIA Reports Small Crude Draw

Sep 30, 2020 at 09:44 | Irina Slav

Oil prices stabilized today after the Energy Information Administration reported a crude oil inventory draw of 2 million barrels for the week to September 25. At 492.4 million barrels,…

Joe Biden Could Never Ban Fracking

Sep 29, 2020 at 16:50 | Robert Rapier

I have always viewed politicians that promise to ban hydraulic fracturing — commonly known as “fracking” — with some level of suspicion. In fact, a year ago as…

Oil And Natural Gas Prices Slide As Traders Grow Cautious

Sep 29, 2020 at 09:51 | Tsvetana Paraskova

Oil prices turned lower on Tuesday as growing COVID-19 cases rekindled fears of a stalled demand recovery while the markets and the world prepare to watch the first U.S. presidential…

Oil Prices Stuck In Limbo As Uncertainty Mounts

Sep 28, 2020 at 17:52 | Tsvetana Paraskova

Oil prices are unlikely to move much higher from the current levels in the low $40s, at least not for the rest of the year, a growing number…

Gulf Nations Are Desperate For Higher Oil Prices

Sep 25, 2020 at 16:24 | Alex Kimani

Gulf nations led by Saudi Arabia have been putting on a brave face and touting the strength of their economies, claiming they can withstand any…

String Of Bullish News Sends Oil Rallying Above $40

Sep 18, 2020 at 11:08 | Tsvetana Paraskova

Oil prices were set for a weekly gain early on Friday, capping a week of several days of gains that saw both benchmarks rebound to above $40 a barrel.   …

Bullish Goldman Sachs Expects Brent To Hit $49 By Year-End

Sep 18, 2020 at 10:02 | Tsvetana Paraskova

Goldman Sachs is bullish on oil, expecting the market to be in a deficit of around 3 million barrels per day (bpd) by the fourth quarter and Brent Crude prices…

Oil Prices Rise As Saudi Arabia Keeps OPEC Members In Check

Sep 17, 2020 at 16:59 | Julianne Geiger

Oil prices rose on Thursday in the third day of positive price movements for the commodity, as the market responds favorably to OPEC’s meeting chatter. WTI crude prices rose by…

Oil Prices Rise On Hurricane Outages

Sep 15, 2020 at 10:52 | Tom Kool

Oil prices rose on Tuesday afternoon, ahead of the weekly crude inventory data releases, but traders remain concerned about the pace of the recovery in global oil markets. …

Citi Bank Sees $60 Oil In 2021

Sep 14, 2020 at 09:59 | Tsvetana Paraskova

Oil prices are set to rise to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, according to Citigroup, which…

Oil Prices Fall As Libyan General Pledges To Reopen Ports

Sep 14, 2020 at 09:04 | Irina Slav

Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday.…

Russia’s Central Bank Warns That Oil Could Slide To $25

Sep 10, 2020 at 09:05 | Irina Slav

Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports. That scenario,…

Oil Prices Regain Lost Ground As Stock Markets Recover

Sep 09, 2020 at 12:56 | Julianne Geiger

Oil prices are fighting hard to regain some ground after falling hard on Tuesday, but WTI still is barely above $38. Prices fell hard on Tuesday, falling…

Oil’s Luck Runs Out As Driving Season Ends

Sep 08, 2020 at 16:55 | Irina Slav

This year’s driving season was a disappointment for those who hoped and expected it to pull oil prices higher, helped by the pandemic that, those optimists reasoned, would…

Fitch Cuts Long-Term WTI Oil Price Outlook To $50

Sep 08, 2020 at 12:17 | Tsvetana Paraskova

Fitch Ratings has lowered its long-term price assumption for West Texas Intermediate to $50 from $52 a barrel expected earlier, to reflect fragile market balances, inventory overhangs, lower breakevens, and…

Oil Prices Tank On Global Demand Concerns

Sep 08, 2020 at 08:59 | Tsvetana Paraskova

Oil prices plunged on Tuesday morning, with the Brent benchmark sliding to $40 a barrel, as the market looks increasingly concerned that oil demand recovery is faltering with the end…

Do Oil Market Fundamentals Justify $40 WTI?

Sep 07, 2020 at 13:35 | Osama Rizvi

Oil prices have been locked in the current price range for months now, with price volatility dropping drastically. It seemed that only inventory reports, OPEC’s compliance rate, and…

Oilprice - The No. 1 Source for Oil & Energy News