Oil prices ravaged by financial turmoil
Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market.
brent
Oil set for the longest losing streak in two months
Oil is set for the longest losing streak in two months as a global rout sparked by a plunge in U.S. equities bled into Asian hours, dragging down everything from commodity markets to energy stocks.
Oil loses steam on threat of inventory growth and dollar’s gain
Oil’s slowing down as danger signs flash ahead.
What could push oil to $100?
If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019.
Oil set for weekly gain as crude stockpiles and dollar decline
Oil headed for a weekly increase as U.S. crude stockpiles dropped further and the nation’s currency weakened.
Oil extends three-year high after record decline in stockpiles
Oil extended its three-year high as a record stretch of declines in U.S. crude stockpiles added to signs that global markets are burning off a chronic surplus.
Brent recorded above $71 for first time since 2014
Brent crude rose above $71 per barrel earlier today for the first time since 2014 thanks to a drop in US oil stocks.
Updated: Oil extends slide on speculation hedge-fund buying went too far
Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback.
Still ‘too early to celebrate’ $70 oil, experts say
A Brent crude price pushing $70 will provide a “feel-good” factor for North Sea oil, but it may still be “too early to celebrate”, industry experts have said.
Updated: Oil steadies after hitting $70 amid tighter global supplies
Oil steadied in London after briefly climbing above $70 a barrel for the first time in three years as a global surplus recedes.
Oil rises toward $61 after yearly gains as US drillers pause
After capping its second annual gain, oil started 2018 by advancing toward $61 as U.S. drilling activity remained at a standstill following a slip in production and as protests continued in Iran.
Oil near $57 as US crude output climbs to fresh record
Oil traded near $57 a barrel as U.S. crude output climbed to a fresh record, offsetting a bigger-than-forecast drop in stockpiles.
Brent above $65 for first time since 2015 on pipe halt
Global benchmark Brent crude jumped above $65 a barrel for the first time in 2 1/2 years after one of the most important pipelines in the world was shut because of a crack.
Insights: cost cutting slows, according to Westwood
The pace of cost cutting in the mid-cap market is continuing to slow, according to analysis by Westwood Global.
Oil extends two-year high as Saudis, Russia back prolonged cuts
Brent crude extended its rally to a two-year high as OPEC and Russia signaled they’ll prolong supply cuts, while instability in Iraq’s Kurdish region persisted.
Former Brent platform manager appointed OGA decommissioning chief
The Oil and Gas Authority (OGA) said yesterday that it had appointed a new head of decommissioning.
VIDEO: JPMorgan’s Darling forecasts $47 Brent in 2018
Scott Darling, head of regional oil and gas at JPMorgan, discusses Trump’s hardline stance on Iran and what that will mean for the global markets. Watch the video to hear his take on Brent.
Brent steals show as hedge funds shun US crude
While enthusiasm in the US oil market dwindles, things are looking a little brighter across the pond.
Oil hovers around $46 as US, Libya lift output
Oil traded near $46 a barrel after snapping a five-day gain on concern output in the US and Opec member Libya is growing just as demand shows signs of improvement.
Oil trims biggest monthly loss since July as fund optimism wanes
Oil trimmed its biggest monthly decline in almost a year while hedge funds tempered their outlook for prices.
Brains behind Shell’s iconic Brent bid final farewell
One of the brains behind an iconic piece of the North Sea oil and gas landscape will have a last chance to say goodbye before it is dismantled for good.
Brent slides below $45 for the first time this year
Brent crude entered a bear market, plunging below $45 a barrel for the first time since November as skepticism that a supply glut will ease worsens.
Shell awards Brent Bravo decom work
Shell today awarded a decommissioning contract to support the upcoming single lift of its Brent Bravo topside in the North Sea.
Crude dip could jeopardise North Sea projects, oil economist warns
A leading oil economist has warned that a worldwide drop in crude prices could impact on future North Sea projects designed to maximise recovery from the UKCS.
Oil slides below $45 as US shale confounds Opec
Oil slid below $45 a barrel for the first time since OPEC agreed to cut output in November as U.S. shale confounds the producer group’s attempts to prop up prices.