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.

June 2, 2021

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.

June 1, 2021

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.

June 1, 2021

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.

June 1, 2021

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.

May 28, 2021

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.

May 25, 2021

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.

May 24, 2021

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.

May 21, 2021

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.

May 20, 2021

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.

May 18, 2021