Will Oil Price Hit $80 This Summer?
India, the world's third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic...
GCC stock markets tumble as Iranian oil expected to flood already...
As the end of economic and financial sanctions lifted Iran's equity market, the prospect of Iranian oil flooding an already oversupplied crude market sent...
This is what happens when oil-rich nations can’t pay their bills
In the summer of 2014, the price of oil tanked, dropping from over $110 per barrel of Brent Crude to where it sits now...
Oil falls on output and demand concerns
Oil futures declined nearly 3% Friday, as the dollar strengthened. The dollar traded higher compared to major rivals by the end of the last...
Brent crude oil prices to soar in 2013
Global economic activity is starting to accelerate
Lately the global economy demonstrates optimistic signs of revival. At the beginning of 2013, the global growth outlook...
Royal Dutch Shell exits Abu Dhabi’s $10bn gas project
Royal Dutch Shell says it is withdrawing from a key natural gas project in Abu Dhabi, mentioning a drastic fall in global energy prices...
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...
Oil Seen Heading to $20 on Dollar Strength
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
Oil is particularly...
Oil market to “move close to balance” in H2 of 2016
Evidence of falling U.S. production and a drop in supplies outside of OPEC will help the oil market "move close to balance" in the...
Saudi Arabian Oil Minister discusses Straits of Hormuz, oil production
On “Global Exchange on CNN International” today, John Defterios and Ali Al Naimi, Saudi Arabian Oil Minister discussed oil production and price, Iran and the Straits of Hormuz....
Oil Bulls vs. Bears
Inventories at Nineteen Year High and Demand at Eleven Year Low; On the Other Hand, OPEC Has Cut Output and China Raises Demand
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...
What’s behind the drop in oil prices?
The stunning fall in oil prices, from a peak of $115 per barrel in June 2014 to under $35 at the end of February...
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...
Price of Dubai crude oil for July delivery set in parallel...
The Department of Oil Affairs has announced that official price of Dubai crude oil, which will be delivered next July will be equal to...
Oil markets expected to continue to tighten
Oil markets will continue to tighten over the next two years given expected robust growth in world oil demand and slow growth in...
Gold, silver, crude oil turning bearish
Gold and silver futures slumped Wednesday as the euro weakened, prompting a rally for the US dollar. Euro dropped to a three-week low against...