Expectations for Brent crude to rise to $120 a barrel seem to be reverberating around the markets again. A complete ban by the EU on Russian oil could actually lead to such a scenario by creating supp...
Tag: crude
Oil Stocks: Buffett Favorite Occidental Petroleum Among Key Earnings As Crude Prices Retreat
Canada-based oil-sands producer Suncor (SU) was set to report first-quarter results late Monday, following a spike in oil prices after Russia invaded Ukraine. Suncor stock and other oil stocks, howeve...
Big Oil Spends on Investors, Not Output, Prolonging Crude Crunch
(Bloomberg) — Big Oil is raking in historic amounts of cash, but the windfall isn’t being invested in new production to help displace Russian oil and gas. Instead, executives are rewarding share...
Crude oil price forecast ahead of the week’s influential meetings
Crude oil price is on a rebound while remaining range-bound ahead of two crucial meetings. While the Federal Reserve and the Organization of Petroleum Exporting Countries and its allies (OPEC+) have d...
Oil Stocks: Exxon, Chevron Earnings Due With Crude Oil Above $100
Exxon Mobil (XOM) and Chevron (CVX) will report first-quarter earnings Friday as crude oil prices stabilize above $100. Oil stocks rose Thursday, with Exxon and Chevron stock near buy points. X Oil pr...
Crude oil price outlook: demand concerns is no match for tight supplies
Crude oil price is on a rebound after dropping to a two-week low on Monday. Tight supplies have continued to buoy the market. Even so, demand concerns are weighing on prices. crude oil price Fundament...
Crude oil price outlook as supply and demand concerns persist
Crude oil price has edged higher in early Thursday trade even as it remains within a horizontal channel. As at , WTI futures, the time of writing, the benchmark for US oil, was at $103.36; up by 0.93%...
Russia’s Oil Industry Is Suffering As The West Shuns Its Crude
Russia’s oil industry—a vital source of budget revenues—is already showing signs of slowdown as Western buyers shun Russian oil while Moscow struggles to replace lost sales in the West with sales in e...
WTI crude oil price prediction: bulls remain in control while above $90
Inflation is on everyone’s mind lately. The prices of goods and services spiraled higher lately, fueled mainly by the monetary and fiscal policies in reaction to the COVID-19 pandemic and now by the R...
Crude oil price outlook amid the ongoing supply/demand imbalance
Crude oil price has eased on its rebound while holding steady above the critical level of $100 per barrel. At the time of writing, Brent futures were at $107.49, down by 1.19%. At the same time, WTI f...
Oil Traders Selling Pricey Russian Crude Chafe Indian Refiners
(Bloomberg) — Indian refiners that are among the few remaining eager buyers of Russian oil are baffled as to why they’re paying nearly full cost for cargoes that are being offered at record disc...
Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears
Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images Oil prices slid Monday, accelerating two straig...
Crude oil price: upside risk persists despite SPR releases
Crude oil price remains under pressure as the market continues to react to the soaring COVID-19 cases in China and SPR releases from key consuming countries. Earlier on Monday, Brent futures dropped t...
U.S. Crude Oil Production Rises For First Time In 10 Weeks
U.S. crude oil production has risen—albeit modestly—for the first time in ten weeks, the latest EIA data shows. Weekly U.S. field production of crude oil rose to 11.7 million barrels per day, accordin...
Crude oil price outlook amid talks of US SPR releases
Crude oil price has edged lower as the US considers making yet another release from its Strategic Petroleum Reserve (SPR). The bulls are defending the support at the psychological level of $100 with ...
A top hedge-fund manager says crude oil prices could hit $250 this year
Energy industry experts are warning oil prices could double from current levels to $250 per barrel this year amid an ongoing international boycott of Russian energy supplies. There simply aren’t suffi...
China Is Quietly Taking Cheap Russian Crude as India Buys More
(Bloomberg) — China’s oil refiners are discreetly purchasing cheap Russian crude as the nation’s supply continues to seep into the market. Most Read from Bloomberg Unlike India’s state-run oil r...
Crude oil price outlook as EU weigh on banning Russian imports
Crude oil price remains on an uptrend as the market continues to react to geopolitical tensions in eastern Europe. The attack on Saudi Arabia oil facilities has also heightened concerns over the commo...
Will India continue to import crude oil from Russia? — Quartz India
India is preparing to buy heavily discounted crude oil from its long-time ally Russia. The idea is to minimise domestic macroeconomic risks arising out of the Ukraine-Russia war. The country meets 85%...
Russia Is Offering India Crude Oil And Commodities At A Steep Discount
India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-ruble transaction. So far, India has not condemned Russia’s invasion of Ukraine, nor ha...
IEA, OPEC Likely to Lower Crude Supply Forecasts
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures went on a volatile, two-sided trade last week before posting a potentially bearish closing price reversal top. The char...
What A Wyckoff Change of Character May Mean For Gold And Crude Oil
Both gold and crude oil have been on a parabolic rise in the last 2 weeks due to the war between Russia and Ukraine. On 9 March 2022, a Wyckoff change of character bar showed up in both gold and crude...
Oil Prices Are Slipping Again. Expect Volatility in Crude to Continue.
Text size Oil prices were on a tear long before Russia invaded Ukraine, but have since marched higher. Mario Tama/Getty Images Oil’s bounce back from its largest decline in two years failed as crude p...
‘We don’t know what an angry Vladimir Putin’ will do to crude supply: Strategist
The oil market could become even more volatile in the days ahead if Vladimir Putin decides to retaliate against Western sanctions using oil as a weapon. “We don’t know what an angry Vladim...
Here is why Shell is stopping crude oil purchases from Russia
On Tuesday, Shell (LON: SHEL) apologized for purchasing a discounted Russian oil consignment. The company bought 100,000 metric tonnes of leading Urals crude from Russia at a considerable discount. Th...
Oil Stocks Climbed Higher As Oil Prices Soared On An Expected Ban Of Russian Crude Imports
The Biden Administration announced a U.S. ban on imports of Russian oil Tuesday, as economic sanctions snipped more Kremlin links to the global economy. Oil stocks climbed to recent highs. Oil prices ...
Crude oil jumps on report U.S. to ban Russian oil imports
A man pumps gas into his vehicle at a petrol station in Montebello, California on February 23, 2022, as gas prices hit over $6 dollars per gallon. Frederic J. Brown | AFP | Getty Images Oil prices jum...
Berkshire Ramps Up Wager on Occidental as Crude Prices Surge
(Bloomberg) — Berkshire Hathaway Inc., the conglomerate run by billionaire Warren Buffett, boosted its investment in energy giant Occidental Petroleum Corp. as oil prices hit their highest level...