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Breaking News:

Oil Climbs On Major Crude Draw

Energy / Oil Prices

Trump Prepares Aid Package To Relieve U.S. Oil Producers

Mar 09, 2020 at 18:37 | Julianne Geiger

The Trump Administration will review solutions to the pain felt by US oil producers as oil prices fall to multi-year lows on Monday, according to Bloomberg. Administration officials will…

Goldman Sachs: Brent Oil Could Drop To $45 In April

Mar 04, 2020 at 10:54 | Tsvetana Paraskova

In the second downward revision of its oil price outlook in just one month, Goldman Sachs slashed again its estimates for 2020, noting that even deeper OPEC+ cuts and…

Oil Prices Rise As Market Expects Large OPEC+ Cut

Mar 04, 2020 at 09:03 | Tsvetana Paraskova

Oil prices rose early on Wednesday as OPEC’s leader and top producer Saudi Arabia is looking to convince its key ally in the OPEC+ deal, Russia, to back a large…

Here’s Why Oil Prices Should Go Higher

Mar 03, 2020 at 17:03 | Arthur Berman

On February 11, I predicted that Coronavirus would crush oil prices. Prices collapsed on February 20. Today, prices have reversed and WTI price is $2.00 higher on expectations of an OPEC+…

Oil Prices Climb As Traders Expect Action From OPEC

Mar 03, 2020 at 08:36 | Julianne Geiger

The oil markets are expecting yet again that OPEC will be the hero of oil prices, and this optimism has sent oil prices up 4% on Monday afternoon, and up…

Putin Hints Russia May Participate In Newest Round Of OPEC Cuts

Mar 02, 2020 at 09:27 | Irina Slav

Russia’s President Vladimir Putin has hinted that Russia may once again join OPEC in its efforts to stimulate oil prices even though Russia itself has no problem with current price…

Oil Price Forecasts Take A Turn For The Worst

Feb 27, 2020 at 10:07 | Rystad Energy

As China’s coronavirus epidemic continues to expand and more countries are affected, the slowdown in global oil and gas consumption this year will hit suppliers who will…

Oil Is Now More Volatile Than Bitcoin

Feb 25, 2020 at 16:48 | Alex Kimani

You know that the oil markets have truly gone to the dogs when they are suddenly riskier than one of the world’s most volatile commodities: bitcoin.   Bitcoin and most cryptocurrencies…

Coronavirus Punches Hole In Oil Market That OPEC Can’t Fix

Feb 25, 2020 at 11:50 | Liubov Georges

The coronavirus epidemic is a black swan that has severely disrupted the outlook for the global oil market, and at this moment it remains unclear how large the destruction in…

Oil Falls To $50 As Sentiment Sours

Feb 25, 2020 at 09:28 | Tsvetana Paraskova

Oil prices erased Asian-trade-hours gains and lost 1 percent early on Tuesday in search of direction as fears of additional demand destruction amid the coronavirus outbreak continue to weigh on…

Oil Tanks On Fears Of Global Economic Crisis

Feb 24, 2020 at 16:56 | Nick Cunningham

Global equities fell sharply on Monday as fears over the spread of the coronavirus spiked once again, with new cases spreading beyond the borders of China. The Dow Jones plunged…

Oil Prices Slump On Renewed Coronavirus Concerns

Feb 18, 2020 at 09:20 | Tsvetana Paraskova

After several consecutive days of gains, oil prices slumped by more than 2 percent early on Tuesday, as the coronavirus continues to weigh on sentiment and Russia continues to stall…

Goldman Slashes Oil Price Forecast By $10

Feb 14, 2020 at 13:31 | ZeroHedge

Just days after OPEC slashed its oil demand forecast as a result of the slowdown in China's economy due to the Covid-19, moments ago Goldman has doubled…

OPEC Aims To Balance Oil Markets Against All Odds

Feb 13, 2020 at 12:51 | Robert Rapier

As 2019 came to a close, oil prices were under pressure from the continued surge of U.S. shale oil. Although OPEC and its partners had already cut production by more…

Bearish Sentiment Will Dominate Oil Markets Through 2020

Feb 12, 2020 at 12:49 | Osama Rizvi

We are less than two months into the new decade and we’ve already seen multiple major oil market events. The first was the killing of Qasim Soleimani, the commander…

The Ticking Time Bomb That Could Crush Oil Markets

Feb 11, 2020 at 16:48 | Nick Cunningham

Libya’s oil production is down to less than 200,000 bpd, and the uncertainty surrounding the outage create complications for OPEC+ as it looks to cut deeper. Libya’s civil war entered…

The “Black Swan” Event That Could Unravel OPEC’s Efforts

Feb 10, 2020 at 11:50 | Robert Rapier

The book “The Black Swan” was written by former Wall Street trader Nassim Nicholas Taleb to describe rare, outlier events that can’t be predicted beforehand, but that have potentially huge…

OPEC’s Oil Production Plunges, But It May Not Be Enough

Feb 07, 2020 at 17:26 | Tsvetana Paraskova

OPEC saw its crude oil production dip by nearly 500,000 bpd in January from December, overcomplying with the collective cut, the monthly S&P Global Platts survey showed on Friday,…

OPEC+ Cuts Fail To Boost Oil Prices

Feb 07, 2020 at 16:45 | Nick Cunningham

After deliberations, Russia appears set to support Saudi Arabia in the push for deeper production cuts. OPEC’s Joint Technical Committee met on Tuesday, and it was only supposed to be…

Oil Set For Fifth Consecutive Weekly Drop As Coronavirus Hits Demand

Feb 07, 2020 at 09:33 | Tsvetana Paraskova

Oil prices were on track for a fifth weekly decline early on Friday, weighed down by the loss of demand in China amid the coronavirus outbreak while OPEC and Russia…

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