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Tag: Oil Price

EIA Raises Oil Price Forecasts Again

The U.S. Energy Information Administration (EIA) has again raised its Brent and West Texas Intermediate (WTI) oil price forecasts for both 2021 and 2022. As…

Oil Rebounds as OPEC+ Seen Rolling Over Curbs

Oil rebounded ahead of an OPEC+ meeting on Thursday at which the group will decide on output policy, with the alliance expected to maintain its…

$40 Could Be Magic Number for Some Oil Players

The $40 per barrel level for West Texas Intermediate crude oil could trigger an uptick in activity among some oil market players, an informed market-watcher…

Oil steadies boosted by Iran fears, capped by China data

Oil prices retreated below multi-year highs hit early in the day on Tuesday, supported by concerns that U.S. sanctions on Iran that are likely to…

Kazakhstan increases oil price to $55 p/b in updated budget

The Senate of the Parliament of Kazakhstan at the plenary session adopted the law On Amendments and Additions to the Law on the Republican Budget…

OPEC sees balanced oil market by late 2018 as cuts erode glut

OPEC expects the world oil market to be balanced by late 2018 as its deal with other producers to cut output further reduces excess oil…

Global Oil Sector Will Shift to Upcycle in 2018

The global oil and gas sector will shift from downcycle to upcycle in 2018, according to a new report from BMI Research. “Oil prices reached their…

Oil Price Set at $45 in State Budget of Azerbaijan

In the draft state budget of Azerbaijan for 2018, the base price for one barrel of oil is indicated at $45. The draft state budget…

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