Is This The “New Normal” For Oil Prices?
The oil market is suffering from whip lash. After plunging close to $42 per barrel in late June, and officially entering a bear market, WTI has gained nearly 10 percent Continue Reading
Oil could hit $60 before year-end: Barron’s, citing Citi analyst
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (OPEC) could Continue Reading
Why oil could jump back to $120
Dwane said geopolitical risks could cause prices to skyrocket as several oil producing states are fragile, and oil prices are currently too low for anyone to want to drill fresh Continue Reading
Energy Mixes Shift But Fossils Remain King
The world’s most valuable company is not Apple, Google, or Amazon. It’s an oil company, and it’s about to go public. Saudi Aramco, the Saudi Arabian state energy goliath, is Continue Reading
At OPEC’s Critical Moment, No Sign of Saudi ‘Whatever It Takes’
Cuts can have biggest impact on oil inventories right now Saudi Arabia’s exports increased last month, tanker data show Now is the time to maximize the impact of OPEC’s oil Continue Reading
Market Movers, Jul 10-14: New compliance measures likely for OPEC, non-OPEC oil output cuts?
A Platts survey pointed to a 500,000 b/d rise in OPEC’s crude oil output in the last two months. Will there be fresh cues about new output cut compliance at Continue Reading
OPEC Considers Production Caps for Libya, Nigeria
OPEC is considering putting a limit on how much oil members Nigeria and Libya can pump, cartel delegates say, as surging production from those countries is complicating the cartel’s plans Continue Reading
Libya, Nigeria May Be Asked to Cap Oil Output, Kuwait Says
Libya and Nigeria, which have both boosted oil production since they were exempt from global cuts this year, may be asked to cap their crude output soon in an effort Continue Reading
Oil pact monitors won’t discuss further cuts at July meet: report
A ministerial committee monitoring an OPEC-led pact on cutting oil production will not discuss the possibility of further cuts at its regular meeting on July 24, OPEC’s secretary-general said in Continue Reading
Qatar Spat Worsens As Saudi-Led Arab States Vow New Measures
The four Arab states that are leading the boycott against Qatar vowed on Friday to take new measures against their tiny gas-rich neighbor after Doha rejected in full the list Continue Reading