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Energy / Oil Prices

A Less Hawkish Fed Could Jumpstart The Oil Price Rally

Nov 04, 2023 at 08:46 | Alex Kimani

In recent times, fears of a spillover in the conflict between Israel and Hamas, which could embroil Iran and its allies in the region, have offered considerable support to oil…

Standard Chartered: $98 Oil Is Well Supported By Fundamentals

Nov 01, 2023 at 16:04 | Alex Kimani

Oil prices have been a rollercoaster over the past couple of months as negative catalysts frequently outshine the positive ones and vice-versa. In recent times, fears of a spillover in…

Middle East Producers Cautious To Hike Prices In Tight Market

Oct 27, 2023 at 09:28 | Gerald Jansen

Tensions in the Middle East escalated just as oil prices declined into potentially dangerous territory for major OPEC+ players such as Saudi Arabia. Before October 7, Dubai was…

How High Could War In The Middle East Drive Oil Prices?

Oct 23, 2023 at 16:17 | Irina Slav

When Hamas struck Israel earlier this month, the first reaction of many people watching the energy space was the recall of a memory: a memory of the 1973 oil crisis.…

Oil Prices Set For A Weekly Gain As The War Premium Returns

Oct 20, 2023 at 02:01 | Charles Kennedy

Crude oil prices started trade today with a gain that could extend a winning streak that began last week. At the time of writing, Brent crude was…

Treasury Targets Firms Ignoring $60 Cap On Russian Crude

Oct 13, 2023 at 08:23 | RFE/RL staff

The U.S. Treasury Department has announced sanctions on two companies for allegedly violating a price cap on Russian oil agreed last year by Western countries. Vessels…

3 Key Risk Factors In Oil Right Now

Oct 12, 2023 at 07:49 | ChAI

In the past 2 weeks, the price for Brent crude oil has closed as high as $96.55 per barrel and as low as $84.07, while yesterday it settled…

U.S. Shale Producers Remain Cautious Despite Oil Rally

Oct 02, 2023 at 09:28 | Irina Slav

Earlier this month, the Dallas Fed reported that the local oil industry was getting more upbeat about the future, expecting higher prices and expanding production. In fact, the Dallas…

Short Sellers Scramble As Energy Stocks Surge

Sep 25, 2023 at 09:04 | ZeroHedge

Over the past month we had repeatedly pointed out that at a time when oil and other energy commodities were soaring - and Brent last week surpassed the average price…

Why Oil Could Top $100 In Q4 2023

Sep 13, 2023 at 13:33 | Alex Kimani

Oil prices have soared to a 10-month high on Wednesday, with a surprise build in U.S. crude inventories failing to dampen expectations of tight supplies for the rest of the…

Supply Cuts Boost Oil Prices But Economic Concerns Limit Gains

Sep 07, 2023 at 08:30 | Tsvetana Paraskova

A slew of bullish and bearish factors have battled for dominance in the oil market this year as OPEC+ efforts to tighten the market have run up against…

Oil Prices Slip As Summer Travel Season Draws To An End

Sep 07, 2023 at 08:07 | City A.M

Oil prices have dipped this morning as expectations of jet fuel demand ease as the summer travel period comes to an end, alongside continued concerns over China’s uncertain…

Goldman Claims Oil Prices Could Hit $107 If OPEC+ Extends Cuts Next Year

Sep 07, 2023 at 04:55 | Tsvetana Paraskova

Oil prices could hit $107 per barrel next year if OPEC+ producers do not reverse their production cuts in 2024, Goldman Sachs said, noting that a triple-digit price…

Higher Oil Prices Could Spark A Fresh Wave Of Inflation

Sep 06, 2023 at 11:54 | Tsvetana Paraskova

Saudi Arabia and Russia moved with determination to support oil prices, extending their respective ongoing production and export cuts through the end of the year. In an initial…

Oil Soars Above $90 As Saudi Arabia Extends Deep Output Cuts

Sep 05, 2023 at 08:41 | Julianne Geiger

Saudi Arabia will extend its voluntary 1 million bpd crude oil production cut through the end of this year, according to the official Saudi Press Agency. This brings Saudi Arabia’s…

Oil Price Forecast Gets Boost On OPEC Output Cut Expectations 

Aug 31, 2023 at 12:24 | Alex Kimani

A group of 37 economists and analysts have raised their 2023 oil price forecasts for the first time in four months saying OPEC+ output cuts will be enough…

Will A Lower Oil Price Cap Finally Break Putin?

Aug 29, 2023 at 09:20 | RFE/RL staff

For sanctions advocates in the West, the steep slide in the value of the ruble this year is a clear sign that the economic penalties imposed on Russia…

Money Manager Sees $120 Oil Surprising Bears

Aug 23, 2023 at 08:53 | Charles Kennedy

Crude oil prices could be on track to hit $100 and even $120 per barrel, which calls for aggressive buying moves into the oil market now, Cole Smead, president and…

Macro Concerns Kill Off Oil Price Rally

Aug 15, 2023 at 09:58 | Tsvetana Paraskova

Weaker-than-expected economic data out of China is depressing sentiment on the oil market at the beginning of this week, offsetting growing optimism that the U.S. economy would pull off a…

Analyst: Oil Is Heading Well Into The $90 Range

Aug 14, 2023 at 09:35 | Charles Kennedy

The oil market is in a bullish move and heading well into the $90 per barrel range, Bob McNally, President at Rapidan Energy, told CNBC’s Squawk Box program on…

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