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Breaking News:

Time To Buy The Oil Dip: Goldman Sachs

Will Brent Break Below $70 This Year?

Will Brent Break Below $70 This Year?

Brent slumped to $70 on…

Standard Chartered: Oil Prices Likely To Head Higher

Standard Chartered: Oil Prices Likely To Head Higher

Commodity experts at Standard Chartered…

Energy / Oil Prices

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.…

Oil Flirts With $91 Amid Fear Of Russia-Ukraine Conflict

Jan 27, 2022 at 09:57 | Tsvetana Paraskova

Oil prices rose early on Thursday, with Brent firming above $90 a barrel, as fears of a Russia-Ukraine conflict that could disrupt energy supply to Europe trumped a strengthening U.S.…

Brent Breaks $90 On Strong Fundamentals, Russia-Ukraine Crisis

Jan 26, 2022 at 10:22 | Julianne Geiger

Brent crude oil prices rose on Wednesday to $90 a barrel, as low Cushing and distillate inventories combine with supply jitters in Europe, Russia-Ukraine tensions, and falling Russian seaborne crude…

Oil Approaches $90 On Firm Demand, Ukraine Invasion Fears

Jan 26, 2022 at 09:08 | Tsvetana Paraskova

Oil rose early on Wednesday to the highest level since 2014, with Brent approaching $90 a barrel, as resilient global demand despite the Omicron wave and fears of a Russian…

Biden Desperately Needs To Bring Oil Prices Down

Jan 24, 2022 at 11:04 | Simon Watkins

U.S. presidents have long been made by their advisers to understand the dangers of benchmark oil prices staying above the US$75-80 per barrel (pb) level for extended periods…

OPEC’s Shrinking Capacity Could Send Oil Above $100

Jan 21, 2022 at 11:39 | Tsvetana Paraskova

As the OPEC+ group unwinds its production cuts, the oil market has realized that not only do many producers in the pact lack the capacity to boost output…

Is $100 Oil On The Horizon?

Jan 20, 2022 at 11:31 | City A.M

OANDA’s senior analyst Craig Erlam has told City A.M. that oil prices could reach $100 per barrel during the first quarter, following intense rallies…

Oil Prices Move Higher On Small Crude Inventory Build

Jan 20, 2022 at 10:09 | Irina Slav

Crude oil prices rose today after the U.S. Energy Information Administration reported a modest inventory build of 500,000 barrels for the week to January 14. This compared with…

White House Ready To Deploy "Tools" For Oil Price Control

Jan 19, 2022 at 10:43 | Irina Slav

The Biden administration stands ready to deploy its tools to address the latest increase in oil prices, a spokeswoman for the National Security Council said this week. "We continue to…

Tight Physical Crude Market Points To Higher Oil Prices

Jan 18, 2022 at 11:03 | Tsvetana Paraskova

Prices of physical crude cargoes have rallied this year, signaling resilient global oil demand even in the face of record-high COVID cases in the Omicron wave. Crude grades…

Will Oil Markets Finally Find Balance In 2022?

Jan 18, 2022 at 10:49 | Haley Zaremba

As we kick off the new year, the race is on to predict the course that the oil market will take in 2022. The bulls and the bears…

Goldman Sachs Sees $105 Oil In 2023

Jan 18, 2022 at 10:48 | Tsvetana Paraskova

Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” on the oil market now due to…

Oil Jumps To Highest Level Since 2014 On UAE Drone Attack

Jan 18, 2022 at 08:55 | Tsvetana Paraskova

Oil jumped to a seven-year high early on Tuesday, the day after Iran-aligned Houthis attacked targets in the United Arab Emirates (UAE) with drones, adding to the continued tightness in…

World’s Largest Oil Trader: Prices Are Set To Rise Further

Jan 17, 2022 at 10:04 | Irina Slav

Crude oil has already gained 10 percent since the start of the year and has further to go, Vitol's head of Asia told Bloomberg in an interview. "These prices…

Could Oil Really Reach $200?

Jan 14, 2022 at 08:58 | Irina Slav

Oil is about to post its fourth week of gains in a row, and the outlook remains bullish thanks to supply constraints and demand strength. But one hedge fund manager…

Oil Prices Jump Over 3% Ahead Of Inventory Data

Jan 11, 2022 at 11:21 | Julianne Geiger

Oil prices jumped more than 3% on Tuesday afternoon in the runup to the much-watched API crude oil inventory data report as doubts continue to be raised about OPEC’s ability…

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