Oil Price

Oil & Gas
Oil steady as U.S. Stimulus Hopes Counter Demand Concerns
Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus ca
Oil & Gas
Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh
Brent crude LCOc1 was up 26 cents at $43.57 a barrel at 0944 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 29 cents at $41.36.
Oil & Gas
Oil Price of $40-43 per Barrel more or Less Balanced
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening
Oil & Gas
Oil Down as Opec+ Prepares to Lower Output Quotas
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus sur
Oil & Gas
European Oil Giant Slashes Oil Price Forecast To $48 Per Barrel In 2021
Italy's Eni lowered its long-term oil price assumptions on Tuesday.
Oil & Gas
Oil Price Crash Causes Major Recession In Russia
The oil price crash that Russia helped create, along with the coronavirus-driven global recession, will result in Russia’s economy shrinking this year by the m
Oil & Gas
Exxon Is Big Oil's Outlier In The Post-Pandemic World
While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expend
Oil & Gas
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster
Oil & Gas
Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter
It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter.
Oil & Gas
Oil Prices Advance on Growing Fuel Demand, Even As U.S. Coronavirus Cases Jump
Extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and signs of a revival in U
Oil & Gas
Pandemic, Low Oil Prices Cause Massive Drop in North Dakota State Revenue
Incoming oil and gas tax revenues for April, the latest month of data, were just $38 million — 81% below the Legislature's forecast.
Oil & Gas
Oil Rally Held Back By High Inventories, Coronavirus Fears
U.S. benchmark West Texas Intermediate is over $40 a barrel, a price level it has struggled to surpass in the past.
Oil & Gas
Oil Prices Will Hit $50 Before The End Of The Year
Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten.
Oil & Gas
The Oil Countries Suffering Most from the Oil Price Crash
The world's largest oil trader has seen its first-quarter net profit fall by 70%.
Oil & Gas
Oil Edges Up on Tighter Supply, but Demand Concerns Check Gains
Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery i

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Oil Prices Fall on Ukraine Summit Plan, Prospect of Iran Nuclear Deal

Oil Price

Oil steady as U.S. Stimulus Hopes Counter Demand Concerns

Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh

Oil Price of $40-43 per Barrel more or Less Balanced

Oil Down as Opec+ Prepares to Lower Output Quotas

European Oil Giant Slashes Oil Price Forecast To $48 Per Barrel In 2021

Oil Price Crash Causes Major Recession In Russia

Exxon Is Big Oil's Outlier In The Post-Pandemic World

Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts

Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter

Oil Prices Advance on Growing Fuel Demand, Even As U.S. Coronavirus Cases Jump

Pandemic, Low Oil Prices Cause Massive Drop in North Dakota State Revenue

Oil Rally Held Back By High Inventories, Coronavirus Fears

Oil Prices Will Hit $50 Before The End Of The Year

The Oil Countries Suffering Most from the Oil Price Crash

Oil Edges Up on Tighter Supply, but Demand Concerns Check Gains

Oil Prices Fall on Ukraine Summit Plan, Prospect of Iran Nuclear Deal

IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early

U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'

New Iran Nuclear Deal May Completely Derail Oil Price Rally

Oil prices slide 3% on prospect of more OPEC+ oil

US EIA Lifts Oil Demand Forecast, Says Prices Will Recover to Above $80/Bbl