Oil in mid-$60 per barrel range fair, Russian company says
A price range for crude oil of between $60 and $65 per barrel is a good point on which to base a budget, the head of Russian oil company Lukoil Continue Reading
Russia Ups Oil Price Forecast For 2018
Russia’s Economy Ministry will increase its forecast for the price of the country’s Urals oil blend for 2018, following the extension of the OPEC/non-OPEC production cut agreement extension, announced yesterday Continue Reading
Lukoil CEO says oil markets won’t overheat
Oil markets will not overheat as they did during a price spike in the last decade as global demand is rising fast and the alliance of OPEC and non-OPEC countries Continue Reading
Oil Prices Rise After OPEC Announces Deal
Oil prices closed higher lower on Thursday after a group of major oil producers agreed to extend supply cuts through the end of next year. Light, sweet crude for January Continue Reading
Beware of the Dip: Oil Prices Could Go Lower
The spike in oil prices since August provides U.S. producers an attractive opportunity to hedge their 2018 capital program. With a typical lag, it will likely result in an acceleration Continue Reading
Fear Will Drive Oil Prices In 2018
The price of oil has always been driven by cycles of fear and complacency. During the cycle of fear, geopolitical events can send the price of oil soaring. During the Continue Reading
Goldman Says Oil Market’s Too Jittery When There’s No Need to Be
OPEC deal cuts risk of surprise supply gain, excess stock draw Bank says backwardation may be greater than current projection Don’t worry about long-term oil supply, according to Goldman Sachs Continue Reading
Oil Prices Fall For Third Straight Day
A rise in U.S. crude inventories weighed on prices Wednesday. Oil prices fell for a third straight day Wednesday as investors became less certain that major oil producing nations will Continue Reading
Bearish signs ahead for oil prices, but not too bearish
There are bearish signals ahead for oil prices in part due to declining inventories, though anything above $65 per barrel is unlikely, Societe Generale said. “Due to significantly larger 2017 Continue Reading
Beware of the Dip: Oil Prices Could Go Lower
Without high geopolitical risk or an actual supply reduction, oil prices have a downside risk. The spike in oil prices since August provides U.S. producers an attractive opportunity to hedge Continue Reading