Will the OPEC+ Agree to Oil Production Cuts?
OPEC and allies are nearing a decision to cut oil production in the wake of the coronavirus pandemic, but are keen to have the US also.. Full Article
Barclays Cuts 2020 Oil Prices Forecasts Again
Barclays cut its crude oil price forecasts for this year on worsening outlook driven by the raging coronavirus pandemic even as the price.. Full Article
How is the Crude Oil Crisis Impacting Oil Refiners?
Leading oil refiners around the world are considering cutting their output and focusing on extensive maintenance efforts in the wake of the Full Article
Saudi Aramco Misses Net Profit Forecasts for 2019, to Cut Capital Spending for 2020
The world's largest oil company, Saudi Aramco, announced on Sunday that it plans to reduce capital spending amid the rising coronavirus Full Article
Oil Markets to Experience Oversupply Till 2021: Goldman Sachs
The latest decision by Saudi Arabia to boost crude production amid declining demand in the wake of the coronavirus outbreak could Full Article
Oil Price and Demand Forecasts for 2020 Lowered
The recent turmoil in oil markets and the continued spread of the coronavirus have driven oil price forecasts and oil demand growth outlook Full Article
Goldman Sachs Expects UK Oil Prices to Fall to $20 After Saudi Arabia’s Decision
The latest decision of Saudi Arabia to boost crude production from April has driven Goldman Sachs to revise its Q2, Q3 price forecasts for UK oil Full Article
Morgan Stanley Reduces 2020 Oil Demand Growth Forecasts Over Coronavirus
Morgan Stanley has lowered oil demand growth forecasts for this year on account of the slowdown resulting from the coronavirus outbreak Full Article
UK Oil to Trade Between $65 and $70 Till 2024: Reuters Poll
A recent Reuters poll of energy professionals reveals that crude oil prices could trade between $65 and $70 per barrel till at least 2024. Full Article
UK Oil Could Cross $150 if US-Iran Conflict Escalates to Full-Scale War
UK Brent crude oil pushed past $70 per barrel on Monday, the highest levels seen since seven months, over fears of escalating geopolitical Full Article
Crude Oil Price Forecasts for 2020 Revised Higher
A recent Reuters poll reveals that UK Brent crude oil prices are expected to trade around the $63 level in 2020, over continued optimism Full Article
Crude Oil Prices to Trade Mostly Steady in 2020 Over Weak Demand, Oversupply Concerns
A recent Reuters poll estimates that the bearishness in crude oil prices is expected to continue into 2020 over rising concerns of weakening Full Article
Iran’s Economic Growth Forecasts Downgraded by IMF on Account of US Sanctions
Iran's budget deficit is expected to rise to 4.5% in 2019 and go even higher to 5.1% in 2020 as a result of the sanctions imposed on it by.. Full Article
Oil traders, Keep An Eye on the UK Brent Crude Oil
Many traders concentrate on US WTI crude when trading Oil. But the UK Brent Oil is leading the energy sector and it just broke a major level Full Article
