Investment bank UBS became one of the first oil market watchers to scale back its forecasts for the oil demand destruction from the COVID-19 pandemicTuesday amid growing signs that global Continue Reading
If you’re a fan of oil, and I expect you are seeing as how you’re reading articles on OilPrice, get ready for a positive forecast about oil prices moving higher. Continue Reading
The current dramatic cuts in exploration and production will have a long-lasting impact on the global oil market, with oil prices spiking to above $68 a barrel in 2025, when Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Tuesday amid market expectations that demand destruction following the COVID-19 outbreak has found a floor. Receive daily email alerts, subscriber Continue Reading
Hot on the heels of Goldman’s bullish reversal on the oil sector , in which the bank’s commodity strategist Damien Courvalin said on Friday that “it now appears likely that Continue Reading
Oil was up 3% on Monday as more countries announced they would begin easing coronavirus lockdowns and as crude supply cuts by the world’s top-producing nations and companies take hold. Continue Reading
Oil rallied for a fourth day as the pace of stockpile builds at the key U.S. storage hub slowed last week. Futures rose 3.1% in New York Monday, closing above $20, after Continue Reading
Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil demand and production cuts from OPEC+ Continue Reading
Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, told a Russian television Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Monday amid signs of growing tensions between the US and China over the coronavirus pandemic. Receive daily email alerts, subscriber Continue Reading
