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Oil prices could slump to $75 a barrel in a recession — or jump to $150 if European sanctions slam Russian supplies, BofA says
Analysts at Bank of America laid out scenarios where Brent crude oil prices could hit $75, $102, an…
Phil Rosen
Oil prices could surge above $150 if Russian supplies can't be replaced, says Truist analyst
"The only true spare capacity, unfortunately out there, prior to all the issues, was in Russia," Tr…
Jennifer Sor
Russia is getting richer again, thanks to soaring oil prices
The Kremlin's crude export revenues jumped $1.8 billion last month, according to data from the Inte…
George Glover
OPEC's production cuts could push oil prices to $150 a barrel, energy analyst says
"The global supply picture is a mess," energy analyst Paul Sankey said, warning that oil prices cou…
Jennifer Sor
Oil prices are headed to $150 a barrel as energy demand continues to outpace supply, JPMorgan energy strategist says
"In the end, we're going to see a structural deficit that cant be managed or met quickly enough," s…
Jennifer Sor
About 150 tourists are reportedly being held hostage in Peru. Locals are demanding a response to oil spills that have polluted their river.
The people being held include citizens of the United States, the United Kingdom, Spain, France, and…
Paola Rosa-Aquino,Natalie Mus…
Oil titan Sultan Al Jaber backtracks on comments that 'there is no science' around fossil fuels at UN climate summit
Sultan Al Jaber, president of COP28 and CEO of the United Arab Emirates state-owned oil company Adn…
Catherine Boudreau
Jefferies says oil could soar to $150 a barrel in a fully reopened world, despite current Omicron slump
"The only thing that's really gonna knock the oil price down is new lockdowns in the Western world,…
Harry Robertson
Oil prices are set to rise as high as $150 a barrel as OPEC+ controls supply in the face of Omicron concerns, JPMorgan says
"We believe the market may overestimate the impacts of the recent emergence of the Omicron variant …
Matthew Fox
Dow drops 332 points as oil jumps and Treasury yields hit fresh 16-year highs
The 30-year Treasury yield passed the 5% barrier, with the 10-year close behind, though Wednesday's…
Filip De Mott
Exxon has soared more than 150% to a record high since it was dropped from the Dow Jones Index as oil surges while replacement Salesforce has fallen 30%
On Wednesday, Exxon Mobil stock soared to its first new record high in eight years, and now hovers …
Phil Rosen
The drop in oil prices is just a 'ploy' as speculators pretend demand is weak, Saudi Arabia energy minister says
"It's an abuse of numbers," Saudi Arabia's energy minister said, as oil market participants are mis…
Jennifer Sor
Oil could skyrocket to $150 a barrel next year, and underinvestment could mean tight supply for the next decade, JPMorgan energy strategist warns
Oil prices could skyrocket next year and leave supply tight over the next decade if the industry is…
Jennifer Sor
Oil could jump to $150 a barrel this quarter on the back of an 'adverse supply shock' from Russia-Ukraine tensions, JPMorgan says
Brent crude oil has already climbed about 12% this year to trade at its highest level since 2014.
Carla Mozée
I covered the climate crisis and COP28 from an oil-rich nation — here's what I learned and why I'm hopeful for the future
At COP28, the UAE is rife with climate contradictions that spilled into the climate discussions. Bu…
Catherine Boudreau
A bigger war in Israel would send oil prices skyrocketing and hurt the economy's chances of avoiding a recession
There are growing fears that the war in Israel will escalate and the US and Iran get more involved.
Cork Gaines
Windfall profit tax on crude oil hiked, levy on export of diesel cut
In the fortnightly revision of windfall tax, the government hiked the rate on export of diesel…
PTI
Oil prices could hit $150 a barrel or more with demand destruction likely by the end of the year, says global commodities trader Trafigura
"If we see very high energy prices for a period of time we will eventually see demand destruction,"…
Brian Evans
Oil futures have slid below $100 as investors brace for recession, but crude traders are having to pay the most since 2008 to get hold of any right now
"The physical market is not telling us the story that the futures market is telling us," Ole Hansen…
Zahra Tayeb
A deeper drop in Russian oil supply is likely to trigger a global recession and a full-blown energy crisis, Bank of America warns
Oil could surge to $150 a barrel if Russian exports drop sharply, BofA said. That's well above the …