Crude Oil
Crude Oil , Trade , International
Oil Prices Rally as OPEC+ Producers Agree Slow Supply Increase
Cartel and its allies stick to plan to gradually lift production as demand improves.
Crude Oil
What’s Affecting Oil Prices This Week? (May 31, 2021)
Will oil prices breakthrough $70? In its latest forecast, Stratas Advisors notes the price movement aligned with expectations that oil prices would move upward with support from the strengthening economy and rebounding demand.
Crude Oil
Brent Hits $70 on Demand Prospects of US Summer Driving Season
Oil prices rose on June 1, with Brent topping $70, as optimism grew over the fuel demand outlook during the summer driving season of the United States, the world's top oil consumer.
Crude Oil , International
OPEC+ Likely to Stick with Current Supply Plan, Sees Orderly Iran Return
OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting on June 1, OPEC sources said, as producers balance expectations of a recovery in demand against a possible increase in Iranian supply.
Crude Oil , Trade , International
Uncertain about Iranian Oil, OPEC+ Likely to Stick with Policy
OPEC+ sources said there were no talks on amending oil output-cut levels for July, while two more said the producers should stick to their existing series of gradual output increases.
Crude Oil , International
Global Oil Prices Could Surge to $70 by Year-end
Damage inflicted on the oil market could end up pushing prices and activity higher, says Raymond James analyst Marshall Adkins.
Crude Oil
What’s Affecting Oil Prices This Week? (May 24, 2021)
Will oil prices rebound? In its latest forecast, Stratas Advisors notes significant consequences from last week’s bombshell IEA report on oil markets.
Crude Oil , Trade , International , Emissions
OPEC Says IEA’s New Net-zero Stance Could Add to Oil Price Volatility
The research division at OPEC, whose 13 members sit on 80% of the world’s crude oil reserves, produced an internal briefing document on the IEA’s report, a copy of which was seen by Reuters.
Business , Natural Gas , Crude Oil , Energy Transition
Energy Transition Creates $14 Trillion Cloud of Uncertainty for Oil and Gas
Despite stark warnings made earlier this week by the IEA, analysts with consultancy Wood Mackenzie said even a rapidly transitioning world needs oil and gas supply for decades to come.
Crude Oil , Trade
Oil Hits $70 Marking Two-month High as Europe, US Reopen Economies
The latest gain to $70 brings Brent’s rally this year to 35%, supported by supply cuts by OPEC and allies. This could lead to a further advance, some analysts said.