Oil prices are set for a surge in volatility amid an expected “significant supply shortfall” on the market in the fourth quarter of 2023, due to the Saudi-led cuts to OPEC+ oil supply, the International Energy Agency (IEA) …
TORONTO – Deloitte says energy prices will likely be volatile in the first quarter of 2023 as geopolitical uncertainty continues.
The firm’s energy, oil and gas price forecast released Monday says global factors including the war in …
LONDON, March 21 – Investors trimmed bullish petroleum positions for the second week amid elevated volatility, with prices oscillating between the twin threats posed by sanctions-driven supply disruptions and a demand-destroying recession.
Hedge funds and other money managers sold …
LONDON – The oil market will see tighter supply for now amid a dispute inside OPEC+ about how to ease production curbs but it still faces the risk of a dash for market share if disagreement persists, the International …
DENVER, Oct. 13, 2020 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its bank group, led by JPMorgan Chase Bank, N.A., has reaffirmed the Company’s $700 million borrowing …
The top U.S. commodities markets regulator warned exchanges and brokerages on Thursday that they should be prepared for volatility and possible negative pricing for certain contracts, nearly one month after U.S. oil futures plunged into negative territory for the …
Saudi Arabia plans to keep oil exports below 7 million barrels a day next month as OPEC’s biggest producer allocates less crude than customers demand in a bid to stabilize the market, according to the kingdom’s …
From CNBC
Crude oil prices could sink by as much as $30 a barrel if China decides to buy Iranian crude oil in retaliation to the latest U.S. tariff measures, according to Bank of America Merrill Lynch.
“While we retain …
By CNBC
Energy analysts believe oil market volatility will continue until the build-up in U.S. crude stockpiles reverses.
U.S. crude fell to an 18-month low on Monday, only to post its best one-day performance in more than two years on …
In the oil and gas industry not everyone hedges all the time, but the vast majority of exploration and production companies have an active hedge book aimed at mitigating risk against volatile commodity markets.
Hedging utilizes a futures contract to …
Crude oil price volatility has declined since its peak in March according to a report from the EIA on May 10, 2016.
During the first three months of 2016, crude oil prices were relatively more volatile than in recent history. …
Already, another day has dawned bringing more volatility in oil prices. WTI is trading at about $55.25 following an early low of $53.60; and Brent, which had traded as low as $58.55 this morning, …
