Oil Keeps Sliding as China Worries Weigh
Oil prices continued to weaken Monday, building on Friday’s slide as worries about increased production were amplified by the potential of Chinese tariffs on energy imports from the U.S. On Continue Reading
Oil down on China tariffs, expected OPEC supply rise
Oil prices fell on Monday after China threatened duties on American crude imports in a trade dispute with Washington, while supply from OPEC and Russia was also expected to rise. Continue Reading
Why $100 Price Forecasts Are More Sensational Than Logical
Towards the end of 2017 and for much of the first quarter of this year, both oil futures benchmarks – i.e. Brent, the global proxy gauge, and West Texas Intermediate, Continue Reading
The Fed Is Driving Down Oil Prices
The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand Continue Reading
Rosneft Says $70-80 Oil ‘Comfortable’ Ahead of OPEC Talks
Rosneft PJSC’s said crude at $70 to 80 a barrel was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts with OPEC, just a week Continue Reading
OPEC Meeting, Tariff Concerns Weigh on Oil Prices
Oil prices fell Friday as traders braced for higher crude production and disruption to global trade. West Texas Intermediate futures fell 2.7% to $65.06 a barrel at the New York Continue Reading
Oil slumps 3 percent on OPEC supply, China’s tariffs
Oil prices fell more than $2 a barrel Friday after two of the world’s biggest producers indicated they might increase output at next week’s OPEC meeting, while U.S. exports were Continue Reading
EIA expects Brent crude prices will average $71 per barrel in 2018, $68 per barrel in 2019
U.S. Energy Information Administration, Short-Term Energy Outlook In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) Continue Reading
NYMEX July contract breaches $3/MMBtu on hot weather forecasts
The NYMEX July natural gas futures contract jumped 5.7 cents Friday to $3.022/MMBtu, the first time the prompt-month contract has reached above $3/MMBtu since late January, as hot weather in Continue Reading
The Bullish And Bearish Case For Oil
Oil prices are in a holding pattern as we await the outcome of the OPEC+ meeting in a few days, and while the result of that meeting will almost completely Continue Reading