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.
oil price
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.
Oil’s rough week ends with rebound on OPEC+ risk, Iran setback
Oil rose on Friday -- paring a hefty weekly decline -- before an OPEC+ meeting on supply at which Saudi Arabia could push for output cuts, and as efforts to revive an Iranian nuclear accord suffered a setback.
Oil endures choppy start to week with demand concern to the fore
Oil shook off an early slump at the week’s open to push higher as investors weighed up prospects for demand ahead of a barrage of intelligence from leading energy players on the market outlook.
Oil suffers deep weekly loss as concerns over demand intensify
Oil headed for a punishing weekly loss on increasing evidence that a global economic slowdown is spurring demand destruction, with prices collapsing to the lowest level in six months as key time spreads contract.
Shell expected to report ‘another monster set’ of financials with Q2 results due tomorrow
Supermajor Shell (LON: SHEL) has been backed to replicate the eye-watering profits it reported earlier this year.
Why UK petrol prices aren’t plunging with oil price
Ask any UK driver about the soaring price of petrol and they’ll probably tell you something like this: prices always rise with oil, but they never seem to track it lower.
Oil sinks as China’s covid resurgence overshadows tight market
Oil declined as the prospect of more demand-sapping virus restrictions in China overshadowed signs of a tightening market.
Oil swings as G-7 mulls Iran deal revival, cap on Russian oil
Oil traded near $107 a barrel in New York as investors monitored developments from the gathering of Group of Seven leaders, and two supplier countries flagged potential output cuts due to political unrest.
Oil prices put Aberdeen property market ‘on cusp of rebound’
A rise in interest rates has sparked fears that rising costs for home owners and buyers will dampen the market – although Aberdeen might resist this trend as the energy market heats up.
Oil pares gains ahead of OPEC+ talks as EU plans Russian ban
Oil pared gains before an OPEC+ meeting on supply strategy, after earlier stretching an advance that followed the European Union’s announcement Wednesday of a phased ban on Russian imports.
BP reports underlying profits of £4.9bn despite impact of Rosneft exit
“Exceptional” oil and gas trading meant BP (LON:BP) raked in healthy profits in the first three months of 2022.
Geopolitical tensions driving M&A activity
Anderson Anderson & Brown Corporate Finance (AABcf) is delighted to share with you our Deals+ update for Q1 2022 in conjunction with Energy Voice, highlighting selected energy M&A and Fundraising transactions across the UK.