Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a U.S. airstrike killed key Iranian and Iraqi military personnel.…
Best Penny Stocks To Watch Right Now? 1 Up 250% Already This Year
…
Oil settled above $61 a barrel after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further.
Futures in New York rose Thursday but are …
Oil jumped toward $70 a barrel in London after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s most important crude-producing region.
Brent futures …
Oil prices are likely to hover around $63 a barrel next year, a Reuters poll showed on Tuesday, benefiting from deeper production cuts by OPEC and its allies, and hopes that a U.S.-China trade deal could jumpstart economic growth.…
NEW YORK – Oil prices rose on Monday to three-month highs, lifted by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following U.S. air strikes in …
Asian shares were mixed Monday as investors awaited updates on the signing of a trade deal between the U.S. and China and kept a wary eye on North Korea.
Tokyo’s Nikkei 225 index
fell 0.7%, while Hong Kong’s …
LONDON – Oil prices fell on Friday, but were set for a third straight weekly gain after the easing of U.S.-China trade tensions, which has boosted business confidence and the outlook for global economic growth.
Brent LCOc1 was down …
Oil edged higher to settle at a three-month high on optimism that a partial trade deal between the world’s two largest economies will spur demand for fuel to power trucks, trains, airplanes and cars.
Futures closed above the …
Oil rebounded from the previous session’s loss, though the outlook remained clouded by rising U.S. stockpiles and concern that OPEC and its allies aren’t taking enough action to balance the market.
Futures added 0.6% to trade near $59 …
Commodities declined on loosening supply fundamentals and improving risk appetite for gold. Energy is affected.
Credit Suisse Asset Management observed the following:
Oil and gas producers could wipe billions of dollars more off the value of U.S. natural gas assets in the months ahead, analysts said on Wednesday, after Chevron Corp became the fourth oil major to slash its estimates for …
Speculation is mounting that OPEC and its allies may agree to a deeper production cut at their meeting in Vienna on Thursday, but market watchers shouldn’t take any such announcement at face value.
Even a sizable “new” cut …
Oil steadied on signs of progress in trade talks between the U.S. and China, and estimates that American crude inventories retreated for the first time in five weeks.
Futures traded little changed near $58 a barrel in New …
Source: Reuters
Russia’s energy minister has told Reuters his country should reform oil taxation to bring into production some 10 billion tonnes of currently uneconomic reserves and boost producers’ margins to compete better with rivals such as U.S. shale firms.…
Source: Houston Chronicle
This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s.
OPEC’s oil production tumbled the most in 16 years last month after the …
Source: Reuters
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in …
France’s Total has issued a tender to sell 1.3 million barrels of contaminated Russian Urals crude oil for loading from Rotterdam port, according to three trading sources.
Russia loaded some 11 million barrels of Urals crude oil with …
Three days of falling oil prices is not a crisis for OPEC, the weakening oil producer’s club, but forecasts of a continuation of the price decline could sap what strength remains in an organization once able to dictate …
Cameron LNG, a liquefied natural gas (LNG) facility in Louisiana operated be Sempra Energy has declared force majeure due to technical problems at the export terminal but the impact on volumes was not immediately clear, LNG traders said …
Oil is set for its biggest weekly decline in nearly two months as the International Energy Agency warned of a looming supply glut.
Futures fell 0.3% in New York, down 2.8% for the week. The Organization …
Oil executives and traders attending major industry gatherings in Singapore and Abu Dhabi this week have flagged deteriorating demand growth in key markets such as China and India for downbeat expectations on crude oil heading into 2020.
Disappointing …
Spain’s Repsol believes it can start producing oil at the Norwegian Yme oilfield in the first half of next year, a partner in the field said on Wednesday.
“Repsol, the operator of the field, is confident that Yme …
Commodity trader Trafigura’s exports of U.S. crude now account for over a quarter of the country’s total since the new Cactus II pipeline started last month, the company’s co-head of oil said, making the firm the single biggest …
Oil prices might have been relatively calm over the last couple of months, but the levers pushing and pulling them have reached “in some cases unprecedented” levels of uncertainty, according to Vitol Group.
Risks including Iran, the …
The NYMEX Henry Hub price for natural gas has firmed up in recent weeks, rising over the $2.50/Mmbtu mark in early September 9 trading thanks to the ongoing heat wave in Texas and other states where natural gas …
Oil prices rose above $61 a barrel on Friday as the head of the U.S. Federal Reserve said it would “act as appropriate” to sustain an economic expansion that has been pressured by uncertainty over global trade.
Global …
Oil ended above $56 a barrel Wednesday after the U.S. announced plans to intensify sanctions on Iran and Russia said it would trim production in September.
Futures in New York gained 4.2% as Brian Hook, Washington’s …
