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Energy / Oil Prices

What Explains The Sudden Drop In Oil Prices?

Sep 03, 2020 at 12:02 | Tsvetana Paraskova

Oil prices dropped on Thursday morning, extending losses from Wednesday’s close to the lowest levels in more than a month, after U.S. data showed gasoline demand is faltering despite major…

Oil Prices Jump On Major Hurricane-Driven Crude Draw

Sep 02, 2020 at 09:42 | Irina Slav

Crude oil prices rebounded on Wednesday morning after the Energy Information Administration reported a crude oil inventory draw of 9.4 million barrels for the week to August 30. This…

The Real Reason The Oil Rally Has Fizzled Out

Sep 01, 2020 at 16:50 | David Messler

One of the themes that is emerging as we review investment candidates is the era of oil growth, which is at least going to take a substantial pause,…

Goldman Expects Oil To Reach $65 Next Year

Sep 01, 2020 at 10:03 | Irina Slav

Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel, according to Goldman…

Nigeria Prepares For An Extended Period Of Low Oil Prices

Aug 28, 2020 at 10:57 | Tsvetana Paraskova

Nigeria is preparing for an extended period of low oil prices, Muhammadu Buhari, the president of the biggest oil producer in Africa, said…

The Bearish Case For Oil Prices

Aug 24, 2020 at 15:53 | Tsvetana Paraskova

It is not only the slower-than-expected global oil demand recovery that is weighing on oil prices. Some major geopolitical events and the return of previously curtailed U.S. shale…

Oil Rallies As Twin Storms Force Shut-Ins In Gulf Of Mexico

Aug 24, 2020 at 09:00 | Irina Slav

Oil and gas companies active in the Gulf of Mexico have shut in almost 58 percent of oil production on Monday as two tropical storms threaten operations Oil and gas…

$40 Oil Isn’t High Enough For Indebted U.S. Shale Drillers

Aug 21, 2020 at 17:01 | Rystad Energy

The Covid-19 pandemic has added severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. With WTI climbing past…

Trade War Becomes Key Driver For Oil As Elections Near

Aug 18, 2020 at 17:16 | Simon Watkins

Although the focus of oil markets in recent months has been on the impact of the COVID-19 pandemic and of the latest Saudi Arabia-instigated oil price war, still bubbling away…

Are Oil Prices About To See A Correction?

Aug 18, 2020 at 11:07 | Irina Slav

Oil trading has been on the decline these past couple of weeks as conflicting data pulls prices in different directions. But, according to some, a correction may be…

A Greener Future Doesn’t Necessarily Mean Giving Up On Oil

Aug 12, 2020 at 16:58 | Haley Zaremba

No matter how you slice it, it’s clear that we are heading into a new and unprecedented era for energy. The novel coronavirus has shaken up the global…

A String Of Bullish News Is Propping Up Oil Prices

Aug 10, 2020 at 12:18 | Yousef Alshammari

Crude oil markets remained optimistic over the past week supported by several bullish factors. Brent spot prices rose above $46 for the first time since April on a much weaker US…

Oil Prices Post Weekly Gain Despite Struggling Demand

Aug 07, 2020 at 16:08 | Tsvetana Paraskova

Oil prices were down early on Friday as demand concerns persist, but prices were on track for a weekly gain after hitting a five-month high as the U.S. dollar weakened…

Will Low Prices Save Long-Term Oil Demand?

Aug 06, 2020 at 14:59 | Tsvetana Paraskova

It has already become crystal clear to analysts and the oil industry that global oil demand will not recover to pre-pandemic levels next year.  Some forecasters…

Oil Needs Strong Demand Recovery To Break Out Above $40

Jul 31, 2020 at 09:06 | Tsvetana Paraskova

Oil prices are unlikely to go much higher than current levels if global oil demand recovery doesn’t pick up in a meaningful way in the second half of the year,…

Oil Market Contango Returns In A Sign Of New Glut

Jul 30, 2020 at 11:10 | Tsvetana Paraskova

Sluggish oil demand recovery with resurging coronavirus cases in many parts of the U.S. and the world and the return of previously withheld production from OPEC+ and North America have…

Why Oil Remains Stuck At $40

Jul 29, 2020 at 17:44 | Nick Cunningham

Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain. 

Oil Drops As Demand Recovery Stalls

Jul 27, 2020 at 10:13 | Tsvetana Paraskova

After rising at the start of the session, oil prices made a U-turn on Monday morning and slipped as rising coronavirus cases in many countries and stalling commercial flights recovery…

Russia’s Central Bank Against Copying Mexican Oil Hedge

Jul 24, 2020 at 12:42 | Tsvetana Paraskova

Russia’s central bank doesn’t think that copying the Mexican oil hedge is a good idea, the Governor of Bank of Russia, Elvira Nabiullina said at a news conference on Friday, commenting…

Oil Holds At 4-Month High Despite Jump In COVID-19 Cases

Jul 22, 2020 at 11:55 | Nick Cunningham

Oil prices jumped to a four-month high on Tuesday, rallying on hopes of economic stimulus. However, the uncontrolled spread of the coronavirus in the U.S. puts something…

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