You Searched For "brent crude oil price" and got 19 results
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1 min read
Oil plunges 12%, continues deep slump as dismal outlooks for global demand persist
Oil fell further Friday after China's economy suffered its first contraction in 28 years as gross d…
Carmen Reinicke
2 mins read
Oil prices are going to $90 per barrel in the 2nd half of this year on the back of a 'triple deficit' for the commodity, Morgan Stanley says
Low inventories, low spare capacity, and low investment will continue to drive oil prices higher, M…
Isabelle Lee
2 mins read
Oil isn't likely to hit $100 per barrel as 'demand destruction' keeps a lid on prices even as supply is squeezed, Mohamed El-Erian says
"Demand is robust today but will it be robust in six months' time? There are really big questions i…
Isabelle Lee
2 mins read
Oil surges to 7-year high above $90 per barrel as Russia-Ukraine tensions rise
JPMorgan economists last week said oil could soar to $150 a barrel during the first quarter of 2022…
Isabelle Lee
2 mins read
A key oil price indicator turned bearish for the first time in weeks as watchdog signals oversupply possible
US oil prices slipped 3% to settle at $78.36 per barrel on Wednesday, the lowest finish since Octob…
Isabelle Lee
2 mins read
Oil could surge above $100 in the event of a cold winter - and spark inflation that drives the next macro crisis, BofA says
And tightness in the global natural gas market could put more upward pressure on crude as high natg…
Isabelle Lee
2 mins read
Oil leaps as major producers look to extend record production cuts through July
Major producers including Russia want to extend cuts for one more month, Bloomberg reported. Saudi …
Ben Winck
1 min read
Oil jumps 4% to the highest in 5 months after the EIA reports an inventory drop
US commercial crude oil inventories decreased by 7.4 million barrels in the week ending July 31, th…
Carmen Reinicke
1 min read
Oil prices rise after G7 nations cap the price of Russian crude at $60/barrel
Brent crude added around 1 per cent to above $86 in Asia trading. The move - which could come…
2 mins read
Oil prices will face downward pressure next year as OPEC sees oversupply expanding, report says
OPEC+ expects a surplus of 2 million barrels per day in January, 3.4 million in February, and 3.8 m…
Isabelle Lee
1 min read
Oil gains after Saudi Arabia says it will cut production further to boost prices
The kingdom's second round of oil production cuts comes after the historic deal with OPEC and its a…
Carmen Reinicke
3 mins read
The world's largest oil trader saw profits dive 70% at the start of 2020 as prices crumbled
Vitol suffered a 70% loss in its first quarter with net income falling to $180 million compared to …
Saloni Sardana
3 mins read
Here's three reasons why Saudi Arabia won't cut oil production any time soon
Earlier this week Saudi Arabia, the world's largest oil exporter cut crude prices for sale to Asia …
Saloni Sardana
2 mins read
Oil surges after OPEC+ ends compliance dispute and sets a weekend meeting to confirm longer production cuts
OPEC+ countries were due to meet Thursday but concerns on lack of compliance by countries such as I…
Saloni Sardana
2 mins read
Oil climbs as slowing COVID-19 cases spur hopes of a demand recovery
Oil prices also got a boost from hopes for further US stimulus, and Russia's report that it registe…
Carmen Reinicke
2 mins read
Oil prices tumble 6% amid fading hopes for a smooth improvement in global demand
Vopak, the world's largest independent oil storage company, warned the market's demand recovery wil…
Ben Winck
2 mins read
The global energy crisis has 4 possible paths through early 2022, says Bank of America
As energy prices continue to rocket, Francisco Blanch of Bank of America provided Insider with four…
Isabelle Lee
2 mins read
US stocks closed mixed with tech stocks dragged by rising bond yields
Bond yields continued to rise with the 10-year Treasury note rising slightly to 1.672%, well above …
Isabelle Lee
2 mins read
Here's the complex and expensive way some oil producers are guarding against plunging prices
Adding hedges will be much more challenging for the rest of 2020 due to the downward shift in the c…