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Goldman: Brent To Retest $80 This Year

Goldman: Brent To Retest $80 This Year

Goldman Sachs still expects oil…

Energy / Oil Prices

Oil Prices Tank As U.S. Drillers Add Massive Number Of Rigs

Oil Prices Tank As U.S. Drillers Add Massive Number Of Rigs

Feb 09, 2018 at 12:15 | Julianne Geiger

As if the recent nosedive that oil prices have taken in the last few days wasn’t bad enough—Baker Hughes reported a staggering increase to the number of rigs. The number…

The Oil Bubble Has Burst. What Now?

The Oil Bubble Has Burst. What Now?

Feb 09, 2018 at 09:25 | Irina Slav

Those analysts who warned that oil prices can’t go on rising forever now have the chance to tell everyone else “I told you so.” Brent and WTI have fallen by…

Statoil: Rising U.S. Shale To Keep Oil Prices Below $70 In 2018

Statoil: Rising U.S. Shale To Keep Oil Prices Below $70 In 2018

Feb 07, 2018 at 11:04 | Tsvetana Paraskova

Oil prices will likely be below $70 per barrel this year, as growing U.S. onshore production as well as rising production from conventional fields will keep a lid on prices,…

The World’s Biggest Oil Benchmark Could Change Forever

The World’s Biggest Oil Benchmark Could Change Forever

Feb 06, 2018 at 16:57 | Viktor Katona

For more than a month already, the Brent benchmark has been sourced from five, not four, North Sea Fields. Eleven years after Platts added Ekofisk to Brent, the 200 kbpd…

Oil Prices Ravaged By Financial Turmoil

Oil Prices Ravaged By Financial Turmoil

Feb 05, 2018 at 18:00 | Nick Cunningham

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. The steady decline of the U.S. dollar has helped

Is WTI Overtaking Brent As The Biggest Global Benchmark?

Is WTI Overtaking Brent As The Biggest Global Benchmark?

Feb 05, 2018 at 15:30 | Jude Clemente

Brent and West Texas Intermediate (WTI) are the two most important crude benchmarks in the world, oil grades that serve as a reference price for buyers and sellers.…

Higher Oil Prices Are Bad News For India

Higher Oil Prices Are Bad News For India

Feb 02, 2018 at 17:45 | Tsvetana Paraskova

One of the world’s largest crude oil importers, India, has benefited from low oil prices for the better part of the past three years, enjoying a lower import bill and…

Goldman: Oil To Top $80 Within Six Months

Goldman: Oil To Top $80 Within Six Months

Feb 01, 2018 at 10:47 | Tsvetana Paraskova

Goldman Sachs has held one of the most optimistic views on the rebalancing of the oil market and oil prices in the near term, and the investment bank is now…

Are Canadian Oil Prices Set To Rebound?

Are Canadian Oil Prices Set To Rebound?

Jan 31, 2018 at 17:12 | Peter Tertzakian

“How’s the Canadian oil and gas industry doing?” a friend recently asked me. People on the sidelines expect a positive answer, knowing that a barrel of oil now trades above…

Three Factors That Could End The Oil Rally

Three Factors That Could End The Oil Rally

Jan 29, 2018 at 17:13 | Nick Cunningham

The bullish forces helping to push crude benchmarks up to their highest levels in years could be running into trouble. There is a confluence of factors that conspired to push…

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