Yergin: Oil Prices Could Break $120 If China Overcomes Covid
Crude oil prices could reach $121 per barrel when China’s economy reopens following a string of Covid-related restrictions, Daniel Yergin, vice chairman of S&P Global,...
Goldman Sachs Expects A Bumper Year For Commodities In 2023
Supply shortages and insufficient investment in new supply will result in a bumper year for commodities in 2023, Goldman Sachs says, expecting the S&P GSCI...
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....
IEF: EU Embargo Could Send Oil Prices “Well Above $100”
Brent crude prices could easily break above $100 per barrel again if losses of supply from Russia are close to 3 million barrels per day...
Biden Is Running U.S. Energy Security Into The Ground
The White House divulged late on Tuesday its plan to release 15 million barrels of crude oil from the strategic petroleum reserve to be delivered...
83% Of Americans Are Concerned About High Gasoline And Energy Prices
A total of 83% of likely U.S. voters are concerned about the high gasoline and home heating fuel prices, according to the latest Rasmussen Reports...
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...
Global Recession Fears Push Oil Prices Lower
The bullish news of the OPEC+ output cut is wearing off, and the market is once again focusing on the possibility of a global recession....
Morgan Stanley: Oil Prices Will Hit $100 Next Quarter
Oil prices will rise again to $100 per barrel faster than previously estimated, Morgan Stanley said on Thursday, lifting its price forecast for the first...