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Oil Market Contango Returns In A Sign Of New Glut

Oil Market Contango Returns In A Sign Of New Glut

Sluggish oil demand recovery with…

Will Low Prices Save Long-Term Oil Demand?

Will Low Prices Save Long-Term Oil Demand?

Will low gasoline prices will…

Energy / Oil Prices

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…

Peak Shale Will Send Oil Prices Sky High

Feb 06, 2020 at 18:01 | Nick Cunningham

Much of the cheap oil has been produced, and the oil industry is increasingly relying on costly reserves. While the world is awash in supply right now, the market may…

Oil Prices Already Reflect Huge Demand Destruction

Feb 04, 2020 at 16:48 | Nick Cunningham

OPEC+ is moving quickly to try to halt the meltdown in oil prices as the demand hit from the coronavirus continues to grow. The Joint Technical Committee (JTC) meets…

Citi: Brent Oil Could Fall To $47 As Demand In China Crashes

Feb 03, 2020 at 11:11 | Tsvetana Paraskova

Citigroup has slashed its oil price forecasts for three of the quarters this year and doesn’t rule out Brent Crude sliding to as low as $47 a barrel as…

Coronavirus: Is The Worst Still To Come For Oil?

Jan 31, 2020 at 11:25 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday, however, momentum is clearly to the downside as traders continue to worry about the coronavirus’…

Oil Prices See Biggest January Loss In 30 Years

Jan 31, 2020 at 09:51 | Julianne Geiger

Crude oil prices slid a painful 15% in January—the biggest January slide since 1991—as the coronavirus claims the death of 213 souls and counting.

Could Oil Prices Fall Below $50?

Jan 29, 2020 at 12:54 | Robert Rapier

One of my energy sector predictions for this year was that oil prices would not drop below $50 a barrel. This may turn out to be the fastest falsified prediction…

OPEC+ Halts Slide In Oil Prices

Jan 28, 2020 at 13:13 | Tom Kool

After several days of losses, oil prices stabilized on Tuesday morning after OPEC and partners announced their intent to extend output cuts till June of this year.

Coronavirus Sends Panic Through Oil Markets

Jan 27, 2020 at 16:53 | Nick Cunningham

Oil continued to slide on Monday, with Brent dropping well below $60 per barrel, as panic around the coronavirus continues to mushroom. The number of casualties in China continues to…

Oil Extends Plunge On Coronavirus Fears

Jan 27, 2020 at 09:32 | Tsvetana Paraskova

Oil prices extended losses early on Monday, slumping to nearly four-month lows amid fears that the Chinese coronavirus outbreak will slow China’s economic growth and oil demand.   At 08:25…

China Virus Fears Send Oil Prices Even Lower

Jan 24, 2020 at 10:41 | Tsvetana Paraskova

Oil prices were down early on Friday for a fourth consecutive session, as fears of the deadly Chinese virus spreading and concerns about oil demand trumped supply outages and set…

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