You Searched For "Libya oil" and got 20 results
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1 min read
The only way oil prices can reach $120 per barrel is if there are a lot of supply disruptions, says Citi's commodities chief
"I think there's ample supply in the market for us not to have a big impact from China coming back,…
Brian Evans
5 mins read
Oil post OPEC Deal – real change or just a smoke screen
The question that the oil market is grappling with is – will this balance the market, how much will…
4 mins read
Global oil demand will not recover until well into 2021, even with a COVID-19 vaccine, the IEA says
Oil demand will not recover until at least the middle of 2021, even with an effective vaccine, the …
Amanda Cooper
3 mins read
Oil hits five-month lows after new lockdowns in Europe and US COVID-19 cases trigger 'fire-sales,' but the market is still far off from Black April
"Right now the oil market is in the middle of a second round of forward fire-sales for oil," said B…
Shalini Nagarajan
2 mins read
Oil prices could once again soar to $125 a barrel in 2023 if China ends its COVID-19 lockdown policy, Goldman Sachs says
"The risk distributions around our current oil forecasts are skewed squarely higher given spot dema…
Matthew Fox
2 mins read
Oil nears $50 for the first time since the start of the pandemic after OPEC+ agrees to a gradual output increase of just 500,000 barrels a day in January
The group's agreed output is well below the expected 2 million barrels per day. Future output level…
Shalini Nagarajan
3 mins read
Oil prices could surge or crash more than 20% in the coming months based on a global recession, Europe, and these 6 other risks
Oil markets face a looming winter, political uncertainty, OPEC+ moves, and recession fears — all of…
Phil Rosen
1 min read
Energy stocks plummet amid oil sell-off driven by threats of boosted production
The National Oil Corporation of Libya said it would double its production to 1 million barrels per …
Matthew Fox
3 mins read
US stocks waver as investors mull dwindling chances for near-term stimulus
Treasury Secretary Steven Mnuchin said "significant differences" remained between the White House's…
Ben Winck
2 mins read
Libya's Oil Sector Is In Freefall As The Country Collapses
According to Morgan Stanley, Libyan production will likely average 500,000 barrels of oil per day i…
Armin Rosen
4 mins read
As Russia vows to retaliate against oil price caps, a slate of geopolitical risks could send crude prices soaring — or bring it crashing down
Russia's next moves along with risks in Iran, Iraq, and Europe threaten to send crude prices higher…
Phil Rosen
4 mins read
Oil has taken the hardest hit from Trump's positive COVID-19 test, but the market was already looking fragile
The price of WTI crude oil fell as much as 5% after Trump's positive test, which brought concerns o…
Amanda Cooper
1 min read
A million barrels per day of Iraqi oil could be taken off the market as violence breaks out in the country, RBC commodities chief says
Protests in Iraq haven't impacted oil prices yet, RBC's Helima Croft said, but that could happen so…
Jennifer Sor
1 min read
Libya's Breakeven Price For Oil Is Literally Off The Chart
According to the following chart from Citi's Ed Morse number of major oil exporters including Saudi…
Myles Udland
2 mins read
Oil prices will average $100 a barrel next year as demand rebounds in China and falling Russian output keeps global supplies tight, Bank of America says
"Oil balance to stay tight in 2023, supported by rebounding Asia demand, slower non-OPEC growth, an…
Phil Rosen
3 mins read
Global stocks slip and oil dips after Fed Chair Powell signals bigger-than-usual rate hikes are on the cards
Powell said a 50-basis-point hike is on the table for May, and investors anticipating a series of h…
Shalini Nagarajan
2 mins read
Oil's worst turbulence since 'Black April' has passed, the IEA says, even as coronavirus cases surge and inventories grow
The oil market has made some headway since "Black April," when prices turned negative for the first…
Shalini Nagarajan
1 min read
Libya's Catastrophic Oil Fires Were Visible From Space
The fire started on Dec. 25 after a rocket hit an oil tanker in the port of Es Sider. The conflagra…
Jeremy Bender
2 mins read
Libya's brutal civil war is destroying its ability to produce oil
The deepening civil war in Libya, with force majeure declared at 11 oil fields, may continue to imp…
Mike Bird
4 mins read
A fight over oil revenues shows how Libya is splitting apart
And opening up a rival central bank may actually kill off what little remains of Libya's oil indust…