Fitch: This Is The Biggest Downward Risk For Oil Markets In 2023
Short-term oil price forecasts have been persistently bullish this year, with most forecasters expecting benchmarks to top $100 sometime next year. Over the longer term,...
Bets On $200 Oil Surge As Traders Eye Extreme Volatility
A week ago, the U.S. Energy Information Administration cut its crude oil demand outlook for 2023 by 320,000 bpd, with supply also falling, by 300,000....
Oil Prices Crumble As Core U.S. Inflation Hits 40-Yr High
Oil prices fell on Thursday morning following new CPI data that showed core inflation in the United States had risen to the highest level in...
Goldman Sees $5 Gasoline, $130 Brent By Year End
The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by...
Rationing Looms As Diesel Crisis Goes Global
Earlier this week, Vitol’s chief Russell Hardy warned that a diesel shortage could trigger fuel rationing in Europe. Now, those warnings are multiplying, with fuel...
The World Could See A Record-Breaking Oil Supply Shock
The global oil market could lose 3 million barrels per day (bpd) of supply from Russia starting in April, as sanctions on banks and buyers’...