As Oil Hits $70, Warning Lights Flash Up In Asia
Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by OPEC will dominate the market this year. But some Continue Reading
Rig Count Shoots Up As Oil Nears $70
The number of active oil and gas rigs rose this week, according to Baker Hughes data , increasing by 15 total rigs, bringing the total rigs to 939, which is Continue Reading
Oil slips away from 2014 highs, though overall 2018 outlook remains firm
Oil prices on Friday slipped away from December-2014 highs reached the previous day. Although analysts and traders have been warning of the risks of a downward price correction since the Continue Reading
Oil prices expected to trade around $60-$70 through 2020:
Oil prices are expected to remain close to current levels, averaging around $60 to $70 per barrel through the end of the decade, according to the annual survey of energy Continue Reading
Brent crude tops $70 a barrel as global inventories tighten
Oil prices rose about 1 percent to three-year highs on Thursday, pushing the global Brent benchmark past $70 a barrel, on further signs of tightening supply in the United States Continue Reading
EIA forecasts mostly flat crude oil prices and increasing global production through 2019
U.S. Energy Information Administration, Short-Term Energy Outlook, January 2018 EIA’s January Short-Term Energy Outlook forecasts Brent crude oil to average $60 per barrel (b) in 2018 and $61/b in 2019, Continue Reading
$60 Oil Will Not Last Long
U.S. oil prices are treading water above $US 60/B (WTI) again, the first time since 2015. Crude oil has a northerly wind in its sails, though everybody on board this Continue Reading
Shale Restraint Could Lift Oil To $80
Brent recently hit $70 per barrel and WTI surpassed $64.50 , and oil executives from the Middle East to Texas no doubt popped some champagne. The big question is whether Continue Reading
Will Surging U.S. Shale Kill Off The Oil Rally?
The EIA released the latest version of its Short-Term Energy Outlook (STEO), in which the agency dramatically revised up its expectations for U.S. oil output. Previously, the EIA thought the Continue Reading
Oil price rally extended on Iranian sanctions jitters
Jitters ahead of President Trump’s decision on oil-related sanctions for Iran and high global demand pushed oil prices ever close to $70 per barrel on Thursday. Crude oil prices are Continue Reading