oil prices

Oil prices hit a two-month low

Oil prices ended largely unchanged on Tuesday as a weaker dollar spurred a rebound from an early slide after the International Energy Agency forecast supply could outstrip demand. Reuters reports in its article …

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Oil prices return to positive dynamics

Oil prices are growing this morning, after OPEC said it expects higher oil demand this year. April Brent crude, the global oil benchmark, gained 39 cents (0.62%) to end at $62.98 a barrel on London’s ICE Futures exchange. …

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 OPEC hikes 2018 forecast for oil supply growth

OPEC said it expects demand for oil to grow faster than it originally expected in 2018, but the organization also sees supplies from beyond the producer group surging this year, driven by rising US output. The cartel said it now sees …

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Do European oil majors adjust to low prices?

Shell, Total and British Petroleum are adjusting their operations to match the realities of an under-$60-barrel price in the long run, according to a new Fitch Ratings report. The European oil majors are lowering dividends and spending …

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Oil prices drop below $65

Oil prices fell to their lowest in seven weeks today amid fears of rising global supplies after Iran announced plans to increase production and US crude output hit record highs. US West Texas Intermediate (WTI) crude for March …

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EIA hikes Brent price outlook

US Energy Information Administration (EIA) has raised its forecast on crude oil prices for 2018 and 2019, along with revising upwards its estimates on US crude production for both years. According to the agency's short-term energy …

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 Oil prices extend gains on compliance with output cuts

Oil rose for a third day after a survey showed strong compliance with output cuts by OPEC and others, offsetting concerns about surging US production. The price of the Brent crude oil futures contract for April delivery rose by 0.29% to …

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US output records jeopardize oil markets

US crude oil production broke 10 million barrels a day in November for the first time since production peaked in 1970, the Energy Information Administration said in a monthly report. The US produced 10.038 million barrels a day in …

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