Oil rally on price forecast upgrades
In reports published on Monday, both Goldman Sachs and Morgan Stanley increased their price forecasts for European benchmark Brent crude, citing decreasing spare capacity...
Crude Oil, Gold and Silver rise on weak Dollar
Crude oil prices climbed Wednesday as US inventories dropped unexpectedly last week. The Energy Information Administration reported on Wednesday, US Crude inventories fell 4.4M...
Crude weakened as the dollar index rallied
February WTI Crude has fallen over $4.50 over the week, as traders booked profits from the Christmas rally and commodities weakened across the board...
Untapped UAE oil fields hold over 500 mln barrels
UAE signed a memorandum of understanding giving South Korean firms rights to develop oil fields in Abu Dhabi
The three oil fields in the United...
Abu Dhabi Plans Bonds Sale
Abu Dhabi, the capital of the United Arab Emirates, is sounding out investors about plans to issue bonds for the first time in more...
Oil Shock to the Global Economy
Global energy markets brace for a shock, as Japan is expected to seek replacement to large amounts of the country's nuclear power capacity, devastated...
Oil prices remain focused on Euro zone liquidity crisis solutions
Looking forward, oil prices will remain focused on talks that emerge from the meetings in Europe.
Oil prices fell on possibility for direct nuclear talk
At the start of the week, oil traded under $97 per barrel. Optimistic news came out from the Middle East. Direct negotiations between US...
Potential Shortage of Global Oil Supplies in 3 Years
The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long term, and could...
Global oil demand expected to rise, IEA
Global oil demand is expected to rise 1 million barrels a day next year compared to this year on muted economic recovery but growth...
Oil outlook remains strong
There was a contract change for crude oil this week as volume on September delivery increased and the price rose for the fourth consecutive...
Oil market ready for a bullish move despite recent worries
The recent developments around the crisis situation in Cyprus caused new uncertainties to commodity markets. Crude oil market was no exception. Additional worries were...
Libya’s crude oil production falls amid civil unrest
Libya's crude oil production has fallen below one million barrels a day amid widespread protests at terminals, the country's state oil company said.
In a...
Oil prices could drop as far as $70 a barrel
Oil prices worldwide could drop as far as $70 a barrel when the North African region and the Middle East see a calming of...
Oil Current Overview and Outlook
WTI prices increase by 2.6% to USD105.11 per barrel in the review period
Increase in geo-political risk keep oil prices high
OPEC production (ex Iraq) increases...
Is a “V-Shaped” Oil Prices Recovery on the Horizon?
A "V-shaped" oil prices recovery has been recently hinted by Core Labs, which detailed its outlook for the oil market when it reported its...
Oil Prices Strengthen; Goldman Sachs See $45 by October
Oil prices strengthened in recent trading sessions on a decline in U.S. oil inventory levels and better economic numbers from China, world’s second-largest consumer...
Oil Outlook: Market drawn by speculation for short term
Analysis and Discussion with Stephen Schork of the Schork Report