$100 oil cannot be ruled out, says Aberdeen petro-economist
A senior lecturer at Aberdeen University has argued $100 oil “cannot be ruled out” as Brent’s price surge continues.
oil price
Oil trades near $70 as storm threat weighed against OPEC output
Oil traded near $70 a barrel as investors assessed the threat to U.S. production from a storm that is forecast to strike the Gulf Coast as well as rising OPEC crude output.
Stable oil price could help lure airlines back to Aberdeen airport
A stable oil price could help lure back airline carriers to Aberdeen airport, its outgoing managing director said today.
Oil Falls as Saudis are said to offer extra crude to some buyers
Oil retreated below $71 a barrel as Saudi Arabia was said to offer extra crude supplies to some customers following a plan to boost output, while the U.S. considers tapping into its emergency stockpiles to rein in prices.
JP Morgan raises oil price forecast, but expects cut in demand-growth
Investment bank JP Morgan has raised its oil price outlook, but lowered forecasts for crude demand due to rising uncertainty on international trade,
Oil price boost helping closure-threatened Gordon Highlanders Museum
The chief executive of Aberdeen's Gordon Highlanders Museum has said a jump in oil price has helped keep business going in the face of closure.
Black gold fuelling office need
Higher oil prices are contributing to growing demand for office space in Aberdeen, new figures have revealed.
Saudis say deal to gradually boost OPEC output ‘inevitable’
Saudi Arabia’s oil minister said it’s “inevitable” that OPEC and its allies will agree to boost oil output gradually, giving the most definitive signal yet that the cartel will alleviate high prices for consumers.
Inflation holds steady despite surging oil prices
Inflation held steady in May, despite surging oil prices due to tensions in the Middle East.
Oil slips on signs Russia boosted crude output before OPEC meets
Oil extended declines as Russia was said to increase output before it meets with OPEC, adding to signs that a global coalition of producers is unwinding a pact to restrain supply.
Researcher who saw stressed 2020 oil market is more worried now
It may already be too late to listen to Martin Tallett.
Oil prices expected to fuel inflation over summer, claims economist
Inflation is expected to hold steady when official figures are released on Wednesday, but rampant rises in the price of oil are likely to fuel hikes in the cost of living over the summer, according to economists.
Oil price hits highest level since 2014 after Trump scraps Iran deal
Oil prices surged to their highest level since 2014 as US President Donald Trump’s plans to scrap the Iran deal raised the possibility of locking one of the biggest crude producers out of the market.
Oil set for weekly gain as Iran gibes U.S. before Trump decision
Oil headed for a weekly gain as Iran called for the U.S. to comply with commitments it made under a 2015 nuclear deal that lifted punishing sanctions on OPEC’s third-largest producer.
Oil holds drop on bearish stockpiles report before Iran decision
Oil held losses as a bearish U.S. crude inventory report weighed on prices while uncertainty loomed over the fate of the Iranian nuclear deal.
“No good and will not be accepted!” Trump attacks OPEC for high oil prices
OPEC - the Organisation of Petroleum Exporting Countries - has come under fire from US President Donald Trump for producing "artificially very high" oil prices.
High oil price could be sustained “for weeks”, claims Kemp
A leading petro-economist says high oil prices could be sustained “for weeks” should tensions continue in the Middle East.
Opinion: Oil price rally is likely
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only able to influence oil prices to such a degree because the market is fundamentally getting tighter.
Oil drops as volatility concern counters reported inventory draw
Oil extended declines as persistent volatility in global markets prompted caution among traders, even as U.S. inventories reportedly fell.
Oil’s rout is over, hail the return of $100 crude! Maybe
After three years of gloom, the number 100 is finally starting to resurface in the forecasts of market analysts.
Oil slips from 3-year high as market seen vulnerable to pullback
Oil slipped from a three-year high amid speculation that a surge in hedge-fund buying had pushed prices up too quickly.
Here’s what’s ahead for Western Europe’s biggest oil nation
After suffering through the worst crisis in a generation, Norway’s oil industry is now back on its feet.
Iran says OPEC doesn’t like oil over $60 as it nears $70
A key OPEC minister has warned that the group risks overheating the oil market as crude prices head toward $70 a barrel.
Oil price rockets to highest-water mark since 2015
Oil prices were trading at three-and-a-half year highs on Thursday as investors cheered signs of stronger crude demand from China.
Oil retreats as OPEC pledges June review of production limits
Oil dropped after an OPEC-led coalition of major crude producers left the door open to dropping supply cuts halfway through 2018.