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Why This Oil Price Slump May Not Be Bad News For US Shale

Why This Oil Price Slump May Not Be Bad News For US Shale

Shale drillers have suffered during…

Energy / Oil Prices

Oil Prices Rise After Six-Week Losing Streak

Dec 06, 2021 at 09:03 | Irina Slav

Crude oil has recorded six consecutive weeks of losses amid news of lockdown plans in Europe, the SPR reserve release announcement by the White House, and most recently, the emergence…

Oil Jumps As OPEC+ Leaves The Door Open To Revisiting Supply Increase

Dec 03, 2021 at 09:03 | Tsvetana Paraskova

Oil prices rose by 3% early on Friday, extending gains from late Thursday, after the OPEC+ alliance said it could immediately revisit the planned 400,000 bpd increase for January if…

Why This Oil Price Slump May Not Be Bad News For US Shale

Dec 02, 2021 at 15:26 | Irina Slav

Crude oil prices are plunging under the weight of the latest coronavirus variant news and a speculator-driven selloff. But this time, U.S. shale drillers seem to be quite…

Deutsche Bank Bucks Bullish Oil Predictions

Dec 01, 2021 at 12:06 | Irina Slav

Deutsche Bank expects crude oil prices to drop considerably next year, dipping below $60 per barrel in New York, the bank said in a note. "It would be misguided to…

Jefferies: Fully Reopened World Could See $150 Oil

Dec 01, 2021 at 11:05 | Tsvetana Paraskova

Low investment in oil while the world still runs mostly on fossil fuels could send oil prices to $150 per barrel when and if the world fully reopens, Chris Wood,…

$70 Oil Won't Keep OPEC Happy

Nov 29, 2021 at 10:52 | Irina Slav

One day—that was all it took oil prices to plunge by more than a tenth after health authorities announced the identification of the latest potentially dangerous coronavirus variant…

JPMorgan: $80 Oil Is 'Remarkably Cheap'

Nov 23, 2021 at 11:35 | Charles Kennedy

Oil prices are cheap compared to record highs of other assets including stocks and other commodities, JPMorgan Chase says. Brent Crude was trading at around $81.50 on Tuesday afternoon, and…

Oil Prices Rally After U.S. Announces Strategic Reserve Release

Nov 23, 2021 at 08:45 | Tsvetana Paraskova

Oil prices erased losses and jumped on Tuesday morning following the announcement from the U.S. Administration that it would make available 50 million barrels of oil from the Strategic Petroleum…

President Biden’s Nuclear Option Against OPEC+

Nov 22, 2021 at 16:58 | Irina Slav

It began amicably, with a request from President Biden to OPEC countries to consider boosting their crude oil production because U.S. retail fuel prices were rising fast. Things…

Americans Blame High Gas Prices For “Bad Economy”

Nov 22, 2021 at 12:24 | Charles Kennedy

Some 64 percent of respondents in a CBS News poll believe the U.S. economy is in bad shape. Of these, 74 percent are blaming the bad economy on high prices…

Goldman Sachs: Oil Price Plunge Is Not Justified By Fundamentals

Nov 22, 2021 at 09:01 | Tsvetana Paraskova

The recent oil price decline is not justified by fundamentals, Goldman Sachs says, keeping its estimate of Brent averaging $85 per barrel in Q4. The move lower in oil prices…

Oil Prices Tank On Renewed COVID Panic

Nov 19, 2021 at 08:52 | Tsvetana Paraskova

Oil prices plunged by 3% early on Friday as Europe contends with rising COVID cases and is returning lockdowns and other restrictions, which the market fears would weigh on economies…

Goldman: Concerted Release Of Petroleum Reserve Won’t Move Oil Prices Much

Nov 19, 2021 at 08:39 | Charles Kennedy

The oil market has already priced in the concerted release of crude oil from national reserves, Goldman Sachs has said, adding that the U.S. was expected to release between 20…

How A Biden SPR Release Will Send Oil Prices Even Higher In 2022

Nov 18, 2021 at 18:50 | ZeroHedge

Bloomberg is out with a surprisingly objective article ("surprising" because it goes against the very "green" ideology espoused by both the media company's billionaire owner and the Biden administration) titled…

Oil Dips As Consuming Nations Mull Strategic Reserve Releases

Nov 18, 2021 at 09:48 | Tsvetana Paraskova

Oil prices ignored a bullish EIA inventory report and dipped on Wednesday amid expectations that the U.S. could soon announce a release from its Strategic Petroleum Reserve (SPR) and other…

Aggressive Middle East Oil Price Hikes Hint At Strong Demand In Asia

Nov 17, 2021 at 12:50 | Gerald Jansen

Panic-driven market narratives can play a huge role in aggravating seemingly usual situations. Take, for instance, arguably the biggest story of the past weeks. Namely, that the US…

IEA Hikes 2022 Brent Oil Price Outlook To $79

Nov 16, 2021 at 11:04 | Tsvetana Paraskova

Brent Crude prices are expected to average $79.40 next year, according to the International Energy Agency, which raised its oil price assumptions for 2021 and 2022. This year, Brent…

Oil Set For Third Consecutive Week Of Losses

Nov 12, 2021 at 09:51 | Tsvetana Paraskova

Oil prices fell early on Friday and were headed for a third consecutive week of losses, as the U.S. dollar strengthened and the market continues to guess whether the Biden…

The Double Irony Of Biden's Plea To OPEC

Nov 10, 2021 at 10:25 | Robert Rapier

As I wrote in February of this year in The Inherent Risks In President Biden’s Energy Plan: “If we prematurely discourage investment in fossil fuels…

The Oil Price Rally Is Far From Over

Nov 09, 2021 at 11:57 | Irina Slav

How much higher could oil prices go? This is the question that the U.S., China, India, and other big consumers have come to dread as benchmarks continue to…

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