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Oil prices
Crude Oil
Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on W…
Oil Price
Oil Rebounds On Tight Global Energy Supply
Oil prices rose early on Tuesday, halting two consecutive days of losses as the global natural gas crunch has the market evaluating the potential of higher dema…
Oil Price
Oil Falls As Storm-Hit U.S. Supply Trickles Back into Market
Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output.
Oil Price
Oil Rises to Six-Week High as U.S. Supply Concerns Dominate
Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another…
Crude Oil
OPEC Stays the Course on Output Hikes As Oil Prices Rebound
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stum…
Oil Price
Oil Settles up 3%, Boosted by Mexican Oil Rig Outage, U.S. Vaccine Approval
Oil prices rose 3% on Tuesday, supported after Mexico suffered a large production outage due to a fire on an oil platform and also by full U.S. regulatory appro…
Crude Oil
Saudi Arabia’s Crude Oil Exports Dropped in H1 by 20%
Saudi Arabia could not ship more crude oil in the first half as it voluntarily restrained output under OPEC+ production-cut agreement; however, high oil prices …
CNOOC
CNOOC's First-Half Profit more than Triples
China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by reboundi…
Oil Price
Oil Prices Set For Longest Losing Streak Since March
After tentatively rising in Asian trade, oil prices reversed course and fell on Tuesday morning, poised for a fourth consecutive day of losses, which would be t…
Crude Oil
Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production
Oil prices reversed losses to trade in the green on Wednesday, after the White House called on OPEC and its allies to increase oil production to support the glo…
Oil Price
Oil Slides 4% on China Virus Curbs and Climate Warning
A United Nations panel's dire warning on climate change also added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suf…
Oil Price
Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…
Crude Oil
Oil Prices Slide on Worries over China Economy and Higher Crude Output
Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT.
Crude Oil
Oil Edges Higher on Tighter U.S. Supplies, Brent Tops $75 a Barrel
Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude o…
Oil & Gas Trade
Value Of Saudi Oil Exports Jumps 147% In May
Higher oil prices and higher exports resulted in a 147-percent jump in the value of Saudi Arabia’s oil exports in May 2021 compared to May 2020。
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