$100 oil is in sight, says analysts and Chevron CEO
As crude futures leap higher, traders and analysts are increasingly talking about when — not if — prices return to $100 a barrel.
oil price
Citigroup sees oil falling despite OPEC efforts to prop near $80
Oil prices are likely to fall below $80 a barrel even with OPEC’s recent apparent efforts to support that level with unexpected cuts, according to Ed Morse, global head of commodities research at CitiGroup.
Oil steadies at the week’s open with supply challenges in focus
Oil steadied at the week’s open as traders assessed challenges to supply in the wake of the unexpected output cut by OPEC+.
Oil price continues to climb after OPEC+ production cut
There’s concern that the move by OPEC+ will inject fresh vigor into inflationary pressures.
Crude oil snaps three-day advance as traders digest fed outlook
Oil fell as investors weighed the Federal Reserve policy outlook after another hike and digested a mixed snapshot of US supply and demand.
Oil edges lower before Fed’s decision as banking turmoil fades
Oil eased after a turbulent session even as a calmer tone returned to financial markets rattled by a global banking crisis, with investors on alert for any signs of fresh trouble that may hurt risk appetite.
Brent oil drops below $80 as SVB failure deepens turbulence
Oil in London fell below $80 a barrel for the first time since early February as the collapse of Silicon Valley Bank added further turbulence to energy markets.
Oil declines as SVB’s collapse reverberates through markets
Oil fell as the fallout from the collapse of Silicon Valley Bank — the worst since the 2008 financial crisis — rippled across markets.
Oil jumps as sanctions against Russia ensnare more buyers
Oil jumped as sanctions against Russia complicate purchases for what few buyers of the crude remained.
Oil eases on US plan to sell more crude from strategic reserve
Oil fell on a US plan to sell more crude from its reserves, offsetting a lift from Russian output cuts and rising Chinese demand.
Oil may hit $100 amid China reopening, Iran’s OPEC official says
Oil prices may rise to $100 a barrel in the second half of the year as China’s economy emerges from anti-virus lockdowns, Iran’s liaison to OPEC said.
Andurand says oil may surpass $140 a barrel as Asia reopens
Oil prices may exceed $140 a barrel this year if Asian economies fully re-open after Covid-related lockdowns, according to hedge fund manager Pierre Andurand.
Jefferies: High oil price could double value of Harbour, Ithaca and EnQuest
The value of several North Sea operators could soar this year, according to ambitious predictions made by US investment bank Jefferies.
Oil prices claw back some losses as demand concerns linger
Oil prices edged higher after tumbling around 9% over the previous two sessions, with demand concerns continuing to hang over the market.
Oil prices: New Year misery deepens as demand concerns tick up a notch
Oil’s miserable start to the year deepened as a deteriorating demand outlook came to the fore, buttressed by predictions for a US recession, China’s near-term struggle with Covid-19, and milder winter weather.
Brent Crude oil climbes in price during first session of 2023
International oil price benchmark Brent Crude climbed in the year’s first session as traders digested mixed signals on demand from China, the world’s largest crude importer.
Oil fluctuates after Russia bans exports to users of price cap
Oil fluctuated as investors weighed the fallout from a Russian ban on exports to buyers that adhere to a Group of Seven price cap.
Oil rises as China loosens travel rules, US battles winter freeze
Oil rose as China took more steps to unwind its Covid Zero policy and freezing weather across the US prompted refinery closures in the vital Texas Gulf Coast area.
Oil steadies as China’s covid wave counters lower US stockpiles
Oil steadied after a three-day gain as concerns that near-term Chinese demand may decline amid a surge in Covid cases offset support from lower US inventories and a weaker dollar.
Oil sinks as China’s struggle with Covid blights demand outlook
Oil sank again following the biggest weekly decline since August as China tightened anti-Covid curbs, hurting the outlook for demand.
Oil price may sink to low $60s if deep recession hits, RBC forecasts
In a deep-recession scenario, the price of Brent crude oil may sink into the low $60s/bbl by mid-2023, according to RBC Capital Markets, outlining a trio of outlooks while noting that forecasting is challenging at present.
Oil holds surge as OPEC+ mulls biggest supply cut since 2020
Oil held a two-day surge before an OPEC+ meeting at which the alliance is considering the biggest supply cut since 2020 to revive prices.
Oil set for first quarterly drop since 2020 as macro mood sours
Oil headed for its first quarterly loss in more than two years as escalating fears over a global economic slowdown and a stronger dollar overshadowed the prospects for tightening supply.
‘Bazooka’ of oil preventing Brent Crude price from hitting $200
A “bazooka” of oil from the US reserve, lockdowns in China and a “surprising durability” of production in Russia are preventing Brent Crude oil from hitting $200 a barrel.
Russia-driven crisis exposes UK’s energy madhouse
With gas prices now more than five times the cost of a barrel of North Sea benchmark Brent Blend, the outlook for energy across Europe including the UK, is shocking.