Will OPEC+ Meeting Outcome Cut Oil Price by $10?
The OPEC+ alliance of major oil producers is scheduled to meet virtually Thursday of this week, and oil market-watchers have been pondering what the group…
Oil Slides Amid Uneven Consumption Recovery
Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand. Global benchmark Brent has struggled for momentum after failing to…
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…
Oil Prices Fall as Greenback Bulks Up
Oil fell the most in a week as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi…
Advance Toward $50 Oil Could Be Tricky for OPEC+
With OPEC+ just days from meeting, those countries who favor ratcheting up oil production may be finding some support for their arguments from surging prices…
$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…
Brent oil passes $43/bbl on climbing equity markets, Saudi price hikes
Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed. Brent gained…
Oil falls on oversupply worries despite Iran sanctions
Oil prices headed for a third weekly loss on Friday after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded…
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…
Brent and WTI price spread narrowing
The Brent and WTI spread decreased to $ 3.8 in world market. Report informs, in December the price spread was $ 7. Notably, there were…
Why does oil hit $71?
Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S….
Brent price exceeds $71 for first time since 2014
Price of March futures for the North Sea petroleum mix of mark Brent crude increased by 1,5% and exceeded $ 71,01/barrel. Report informs citing the…
Brent Reaches Highest Since 2015 After Forties Pipeline Shutdown
Brent crude jumped to its highest since June 2015 as a key North Sea pipeline shut down. The Forties Pipeline System, one of the most…
BP: 2017 ‘Massive’ Year for Global Upstream Projects
Senior leaders from BP’s Global Projects Organization say the company’s project performance was positive for 2017 and have high expectations for the future. Coming off…
OPEC, Russia Agree Oil Cut Extension To End Of 2018
OPEC agrees to extend oil production cuts until the end of 2018, Rigzone reports. OPEC and non-OPEC producers led by Russia agreed on Thursday to…
Forecast: Oil to Reach $ 60, and Then to Go Down
Experts of the Austrian consulting company JBC Energy note that the expectations of the extension of the production reduction agreement will support oil ahead of…
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