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Energy / Oil Prices

Saudi Arabia Significantly Raises Crude Prices To Key Market Asia

Mar 04, 2022 at 13:10 | Julianne Geiger

Saudi Aramco has lifted its price to Asia for its flagship crude oil grade, Arab Light, to $4.95 a barrel premium over Oman/Dubai crude, off which Middle…

Oil Ends Wildest Week Ever As Russian War In Ukraine Rattles Market

Mar 04, 2022 at 10:02 | Tsvetana Paraskova

Oil prices are on track to end their wildest week ever seen, with a massive $20 a barrel trading range in the past five days, as the Russian invasion of…

Oil Turns Lower On Rumors Of Imminent Iran Nuclear Deal

Mar 03, 2022 at 09:43 | Tom Kool

Rumors that a deal on Iran's nuclear activities could be signed within 72 hours sent oil prices lower on Thursday morning after Brent and WTI had hit nine and 11-year…

Oil Spikes To $112 As Russian Crude Becomes Toxic

Mar 02, 2022 at 08:16 | Tsvetana Paraskova

Oil prices shot up to over $112 per barrel early on Wednesday, rallying by 10 percent so far this week, as most of the Russian seaborne crude oil exports have…

High Oil Prices Aren’t Enough To Tempt Shale Producers

Mar 01, 2022 at 13:20 | Tsvetana Paraskova

U.S. shale production is back in growth mode, but inflation and supply chain bottlenecks could hobble the growth trajectory this year despite the tempting economics of $100 oil.  …

Goldman: Oil Markets Haven’t Fully Priced In Geopolitical Risk Premium

Mar 01, 2022 at 09:57 | Tsvetana Paraskova

Oil prices rallied early on Tuesday, with the U.S. benchmark WTI Crude topping $100 a barrel for the first time since July 2014, as the market scrambles to assess the…

Goldman: Only Demand Destruction Can Keep Oil Prices From Rising

Feb 28, 2022 at 09:41 | Tsvetana Paraskova

Only demand destruction could stop oil from rising to $115 over the next month due to the difficulties Russia will have in payments for its energy exports after the West…

$125 Oil Could Push The U.S. Into A Recession

Feb 25, 2022 at 14:34 | Alex Kimani

Russian forces launched their long-feared attack on Ukraine, and the crisis keeps getting worse at every turn. According to Russia, its first day…

Oil Prices Retreat As Biden Leaves Energy Out Of Sanctions Package

Feb 24, 2022 at 13:56 | Julianne Geiger

Crude oil retreated on Thursday afternoon as U.S. President Joe Biden prepared yet another round of sanctions on Russia in order to punish Russia for its earlier attack…

EIA Inventory Report Fails To Arrest Oil Price Rally

Feb 24, 2022 at 10:09 | Irina Slav

Oil prices continued higher today even after the Energy Information Administration reported that U.S. crude oil inventories had added 4.5 million barrels in the week to February 18. This…

Why Wall Street Can’t Afford To Turn Its Back On Fossil Fuels

Feb 21, 2022 at 09:43 | Tsvetana Paraskova

The world’s largest asset manager had to clarify earlier this year that it is and will continue to be an energy investor with $91 billion invested in fossil…

$100 Oil Could Trigger Burst In Shale Oil Production

Feb 14, 2022 at 08:59 | Rystad Energy

Up to 2.2 million barrels per day (bpd) of US tight oil could be unleashed in the event of a supercycle – with oil prices remaining around or above $100…

Oil Prices Spike On Rumors Russia Is Preparing To Invade Ukraine

Feb 11, 2022 at 13:40 | Julianne Geiger

Oil prices are soaring after media outlets began to report that a Russian invasion of Ukraine is imminent. PBS has reported that according to officials, “the U.S.…

How Long Will High Oil Prices Last?

Feb 11, 2022 at 10:38 | Robert Rapier

The price of West Texas Intermediate (WTI) opened 2022 at about $75 a barrel (bbl). Last week, the price rose above $90/bbl for the first time since 2014.…

Geopolitical Risk Premium Could Send Oil Prices To $120

Feb 10, 2022 at 13:41 | Irina Slav

There are already plenty of oil bulls out there, but another one has just joined them. Strategist David Roche said this week oil could hit $120 per barrel…

Oil Rises On Low U.S. Inventories, OPEC’s Upbeat Demand Forecast

Feb 10, 2022 at 10:59 | Tsvetana Paraskova

Oil prices reversed earlier losses to rise early on Thursday, following a bullish OPEC report on global demand and a drop across the board in U.S. petroleum inventories which the…

Aramco Hikes Oil Prices For Asia Again

Feb 07, 2022 at 09:01 | Irina Slav

Amid the continued rally in oil prices, Saudi Aramco raised its official selling price for crude exported to Asia, with its flagship Arab Light cargos for March up by $0.60…

Oil Prices On Track For Best January In 30 Years

Jan 31, 2022 at 09:04 | Tsvetana Paraskova

Oil prices rose early on Monday, poised for a 17-percent jump this month—the strongest January performance in at least 30 years—as global supply struggles to keep up with rebounding demand.…

$90 Oil Is Only The Beginning

Jan 28, 2022 at 12:32 | Irina Slav

Brent crude touched $90 per barrel briefly this week for the first time in years. This latest jump was attributed to tensions around Ukraine, but this is the…

Are Activist Investors To Blame For High Oil Prices?

Jan 27, 2022 at 10:08 | Irina Slav

The shareholder returns adage has now become a fixture of the U.S. oil industry. Large public oil companies are not boosting production despite rising prices and tight supply.…

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