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Energy / Oil Prices

Only OPEC Has The Power To Send Oil Prices To $100

Nov 01, 2021 at 13:54 | Robert Rapier

After the price of West Texas Intermediate (WTI) recently crossed $80 per barrel, Russian President Vladimir Putin was asked whether it could reach $100. He replied, “That is…

China Releases Fuel From Reserve To Stop Price Spike

Nov 01, 2021 at 10:53 | Charles Kennedy

China has released gasoline and diesel from its fuel reserve to arrest a price climb that has increased volatility in some parts of the country, Reuters has reported, citing…

Have Oil Markets Suddenly Turned Bearish?

Oct 28, 2021 at 16:31 | Alex Kimani

Oil and natural gas prices have fallen over the past few days thanks to a trifecta of bearish catalysts: Warm weather, Putin’s natural gas intervention, and an agreement to resume…

A Cold Winter Could Double Natural Gas Prices And Send Oil To $100

Oct 26, 2021 at 09:06 | Irina Slav

Crude oil could hit $100 per barrel if the winter turns out cold, one analyst has warned, adding that natural gas prices could double from current levels. BMO Capital Markets…

Will China’s New Covid Outbreak Halt The Oil Price Rally?

Oct 25, 2021 at 08:59 | Tsvetana Paraskova

China put more than 35,000 residents in a northern county on lockdown as of Monday to contain a new COVID flare-up in the country – a development which the…

Brent Oil Hits $86 On Dwindling U.S. Inventories

Oct 21, 2021 at 09:15 | Tsvetana Paraskova

Brent Crude prices hit $86.10 per barrel early on Thursday, jumping to the highest level in three years, before retreating to just above $85 amid profit-taking. Driven by signs of…

Iraq: Oil Could Hit $100 Next Year

Oct 20, 2021 at 10:16 | Tsvetana Paraskova

Oil prices could hit $100 a barrel during the first half of 2022 amid low global commercial stocks, Iraq’s Oil Minister Ihsan Abdul Jabbar Ismaael said on Wednesday, as…

Oil Prices Dip As China Considers Market Intervention

Oct 20, 2021 at 08:44 | Tsvetana Paraskova

Oil prices dropped early on Wednesday after China said it was considering an intervention on the domestic coal market to reduce the record prices down to a “reasonable range.” As…

The Battle For Oil Market Share Heats Up Within OPEC

Oct 19, 2021 at 12:37 | Gerald Jansen

The ongoing energy crunch has put a lid on what seemed to be the ideal bull run for this year’s autumn season – OPEC+ has maintained rigorous discipline even after…

Oil Falls From Multi-Year Highs

Oct 19, 2021 at 10:08 | Tsvetana Paraskova

Oil prices reversed course on Tuesday, paring gains from earlier in the day in what some analysts described as a short-term pullback from multi-year highs as the global energy crunch…

Refining Billionaire: $100 Oil Is Likely

Oct 18, 2021 at 12:55 | Tsvetana Paraskova

With oil prices rallying in recent weeks, it looks like we are going to see $100 a barrel oil, John Catsimatidis, who is active in both the oil and food…

Oil Rallies To Fresh Multi-Year Highs

Oct 18, 2021 at 08:59 | Tsvetana Paraskova

Oil prices rose early on Monday, extending Friday’s gains and hitting fresh multi-year highs, as the energy crisis in Europe and Asia continues to brighten the outlook for oil products…

Energy Crunch Pushes Oil To Longest Weekly Bull Run Since 2015

Oct 15, 2021 at 08:53 | Tsvetana Paraskova

Oil prices rose early on Friday, with WTI Crude set for its eighth consecutive weekly gain for the longest weekly winning streak since 2015 and Brent briefly topping $85 a…

Putin: $100 Oil Is “Quite Possible”

Oct 13, 2021 at 10:52 | Tsvetana Paraskova

It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on a…

This Key Indicator Is Pointing To Higher Oil Prices

Oct 12, 2021 at 10:04 | Irina Slav

Wild spikes in the prompt timespread for oil product futures in the United States have suggested that crude oil supply is set to tighten further, adding upward pressure to prices,…

Brent Crude Nears $85 As Global Energy Crisis Worsens

Oct 11, 2021 at 08:53 | Tsvetana Paraskova

Oil prices extended Friday’s rally into Monday, with the U.S. benchmark topping $81 and trading just shy of $82 a barrel as Europe and Asia continue to struggle to…

WTI Oil Price Breaks $80 For The First Time Since 2014

Oct 08, 2021 at 09:46 | Tsvetana Paraskova

Oil prices rose early on Friday, headed to another week of gains with the U.S. benchmark reaching $80 per barrel, as the world scrambles for natural gas and coal supply…

One Of Wall Street’s Biggest Oil Bears Sees Higher Crude Prices On The Horizon

Oct 07, 2021 at 13:38 | Alex Kimani

There has been a major dichotomy on Wall Street regarding the oil price trajectory, with some viewing the massive oil and gas rally as being temporary and transitory…

Oil Prices Fall Further On Possible Emergency Reserve Release And Export Ban

Oct 07, 2021 at 08:57 | Charles Kennedy

A release of crude oil from the U.S. emergency reserve is one option the Department of Energy is considering in a bid to tame prices at the gas pump. Another…

Saudi Arabia Cuts Oil Prices After Latest Rally

Oct 06, 2021 at 08:59 | Irina Slav

Saudi Arabia has cut its official crude oil selling price for Asian buyers following the latest price rise spurred by the OPEC+ decision to stick to monthly additions of 400,000…

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