Post Tagged with: "Brent"

Source: Reuters

Platts says adding Midland to Brent has gone well, no need for more

Yahoo Finance


LONDON – Commodities pricing agency Platts said on Monday its addition of U.S. WTI Midland crude into the global Brent oil benchmark has gone well, and it won’t be necessary to add any further crudes for the time …

Source: Reuters

Brent breaks past $80 barrier as Houthis attack Red Sea

Oil Price


Brent crude oil broke past the $80 resistance level on Wednesday, as tensions in the Middle East continued to rise and as Houthi attacks on Red Sea shipping showed no signs of easing, prompting concerns of price-impacting disruptions …

Source: Reuters

Brent, US crude futures climb over 2% as OPEC cuts expected

Investing


Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further supply cuts in OPEC+ production are expected in the coming weeks.

Brent crude futures were up $2.19 to $82.80 a barrel by …

Source: Reuters

Analysis-Promise of calmer markets as US Oil wrests pricing power from Brent

US News


LONDON – Increased exports of oil from the United States into Europe and Asia mean U.S. crude has snatched back its primacy in setting international pricing after North Sea grades have for decades determined the value of the

Source: Oil Price

OPEC+ cuts sent bullish bets on Brent soaring

Oil Price


Money managers boosted their net bullish bets on Brent Crude by the second-largest amount on record following the surprise announcement from major OPEC+ producers that they would remove more than 1 million barrels per day (bpd) from the …

Source: Reuters

Brent could push past $150 per barrel if Russian oil exports shrink, Bank of America says

BOE Report


Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday.

Oil prices surged after Russian’s Ukraine invasion, which …

Source: CNBC

Oil prices jump 8% as Russia invades Ukraine; Brent tops $100 for first time since 2014

CNBC


Oil prices on Thursday jumped following Russia’s invasion of Ukraine, with international benchmark Brent crude surpassing $100 a barrel for the first time since 2014.

The attack is expected to have far-reaching implications for energy markets given Russia’s role …

Source: Reuters

Brent North Sea crude trades near 2014 highs as oil demand grows

Oil Now


SINGAPORE (Bloomberg) –Brent oil traded near the highest intraday level since 2014 as the market tightened and concerns about the impact of omicron eased.

Futures in London held at about $86 a barrel after a fourth weekly advance …

Source: Reuters

Brent nears $80 as market shrugs off Omicron

Reuters


LONDON -Oil prices extended gains on Tuesday, with Brent crude trading near $80 a barrel despite the rapid spread of the Omicron coronavirus variant, supported by supply outages and expectations that U.S. inventories fell last week.

Brent crude rose …

Source: Reuters

Column-Rising oil prices are fuelling expected inflation: Kemp

Nasdaq


LONDON (Reuters) – Past changes in oil prices are closely associated with U.S. consumers’ and investors’ expectations for overall inflation in future, which helps explain why they are sensitive for central banks and other policymakers.

In the last three …

Source: Reuters

Brent rises above $75 a barrel on strong demand outlook

Reuters


TOKYO – Crude oil prices steadied on Tuesday after Brent rose above $75 a barrel for the first time since April 2019, with prices underpinned by a strong demand outlook and as OPEC+ begins discussions on raising oil production.…

Source: Reuters

Oil price structures show market balance returns in second half of 2021

Reuters


LONDON – The oil market is likely to be in balance in the second half of 2021, even though European coronavirus lockdowns and U.S. winter storms caused disruptions in March, crude and petroleum products market price structures showed.

After …

March 31, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Saudi’s surprise output cut to lift Brent to $60/bbl by mid-year – UBS

Reuters


UBS raised its forecast for Brent oil prices to $60 per barrel by mid-year, following Saudi Arabia’s surprise unilateral production cut and expectations of a sharp recovery in demand in the second quarter on vaccine rollouts and increased travel.…

Source: Reuters

Oil prices face uphill struggle in 2021 despite vaccine progress: Reuters poll

Reuters


Oil prices will struggle to gain upward traction next year as demand remains in the grip of the coronavirus pandemic despite growing optimism over vaccines and a likely extension of output cuts by top producers, a Reuters poll showed …

November 30, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil prices fall as OPEC+ members debate 2021 output policy

Reuters


LONDON  – Oil prices fell on Monday on uncertainty about whether OPEC+ would agree to extend their large output cuts at talks this week, but vaccine hopes still kept benchmark crudes on track to rise by more than a …

November 30, 2020 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil dips on surge in COVID-19 infections

Reuters


LONDON – Oil prices fell on Monday on a record daily rise in global coronavirus cases, with big spikes in infections over the weekend in the United States, while traders await an OPEC meeting expected to recommend an easing …

July 13, 2020 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil steadies on resurgence of virus cases

Reuters


LONDON  – Oil prices steadied on Friday but were still set for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand.

Brent crude …

Source: CNBC

Oil prices just had their best quarter in 30 years — what’s next?

CNBC


Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April.

Brent crude futures skyrocketed more than 80% in …

Energy trader Mercuria sees early signs of oil market recovery

Energy trader Mercuria sees early signs of oil market recovery

Reuters


LONDON – Global oil markets are showing early signs of rebalancing after production cuts by OPEC and the United States, with the market’s pricing structure indicating that storing oil on idle tankers may soon no longer be profitable, Mercuria …

Source: CNBC

A lot of negativity has already been priced into energy stocks, traders say

CNBC


Call it an S&P bright spot.

Energy was the only S&P 500 sector to end last week in the green, capping off a wild five trading days in the space.

The Energy Select Sector SPDR Fund (XLE) was down …

Source: CNBC

Saudi Arabia is the winner from oil’s historic price plunge, analysts say

CNBC


Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday.

It comes at a time when the market is awash with crude, storage tanks …

Source: CNBC

Oil falls on weak economic data, demand concerns

CNBC


Oil prices fell on Friday as news of President Donald Trump’s plans to ease the U.S. coronavirus lockdown to get the American economy moving again were quickly overshadowed by China’s worst quarterly economic contraction on record.

U.S. crude for …

Source: Reuters

Oil prices rise after sharp losses caused by U.S. stockpile surge

Reuters


LONDON – Oil prices rose on Thursday after sharp losses in the previous session, with investors hoping that a build-up in U.S. inventories may mean producers have little option but to cut output as the coronavirus pandemic ravages demand.…

Source: CNBC

Oil slips as producer cuts fail to banish demand fears

CNBC


Oil prices edged lower on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.

Brent futures fell 52 cents, …

Source: CNBC

Oil jumps as much as 12% a day after its best day on record as traders expect big production cuts

CNBC


Oil prices surged again on Friday on the hope that a production cut deal will soon be reached after OPEC and its allies announced they will hold a virtual meeting on Monday, and after Russian President Vladimir Putin reportedly

Source: Reuters

Oil falls back as Russia rejects Trump’s intervention in price war

Reuters


LONDON – Oil prices fell on Friday after rising 10% in the session as the coronavirus epidemic knocked the outlook for demand and Moscow rejected an intervention by U.S. President Donald Trump in Russia’s price war with Saudi Arabia.…

Source: Houston Chronicle

Oil rollercoaster has crude rebounding after 18-year low

Houston Chronicle


Oil rebounded after plunging to the lowest level in 18 years as policy makers across the globe try to strengthen economies against the impact of the coronavirus pandemic.

Futures rose as much as 18% in New York, the …

Source: Reuters

Oil jumps after three-day slump but virus and oversupply still weigh

Reuters


Oil prices bounced nearly 7% on Thursday after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and …

March 19, 2020 - 9:00 am Commodity Pricing, Crude Oil News, Economy, Energy News
Source: Reuters

Oil retreats in face of renewed coronavirus uncertainties

Reuters


LONDON – Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian data fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.

Brent …

February 21, 2020 - 10:00 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Houston Chronicle

Oil snaps 5-day rally as virus continues to weigh on demand

Houston Chronicle


A five-day rally in oil prices ended as investors found new reasons to worry about how fuel demand will be affected by the impact of Asia’s deadly coronavirus.

Brent futures fell 1.8% to trade below $57 a barrel …