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EIA Forecasts $51 Per Barrel 2017 Brent Crude Oil Price

14/11/2016(0)
The U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook(STEO) released on November 8 forecasts that North Sea Brent crude oil prices will average $43 per barrel (b) in 2016 and ... Read More
An oil pump is seen in Lagunillas

Oil-price gains wiped out as traders look to central banks

20/09/2016(0)
Oil futures eased in early Asia trade Tuesday, wiping out overnight gains during the New York trading session, as traders await the outcome of the U.S. and Japan central ... Read More
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Oil price heads for $50 after Russia stokes output-deal rumour

16/08/2016(0)
Energy minister Alexander Novak pumps up hopes ahead of production talks next month Oil has enjoyed its best three-session gain for four months and the benchmark that sets prices ... Read More
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Asia mostly lower as oil retreats further; BOK keeps rates steady

11/08/2016(0)
Asia markets were mostly lower on Thursday following U.S. losses, with sentiment likely driven by Wednesday’s oil price falls and anticipation of another data deluge from China on Friday. ... Read More
oil intraday analysis

Elliott Wave Analysis: Crude OIL Trading In Wave 4; More Upside Could Be Seen Soon

11/07/2016(0)
Crude oil has a nice bullish structure on a daily chart where we labeled recent pullback down as wave four of a five wave rise from 26.00. We are ... Read More
An oil pump jack can be seen in Cisco, Texas

Global market may face oil shortage in 3-5yrs – Rosneft CEO

16/06/2016(0)
The oil market is reaching a balance faster than analysts predicted and a period of sustained oil price rises is not far off, according to Rosneft CEO Igor Sechin. ... Read More
A man riding on a bicycle looks at an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo

Asian Stocks Fall With Won on Global Growth Woes; Oil Below $44

04/05/2016(0)
Dollar gains after Fed officials say June rate hike possible Industrial metals retreat as sovereign bonds advance Asian stocks fell for a sixth day, their longest losing streak since ... Read More
A man walks through the lobby of the London Stock Exchange in London

Oil price’s decline weighs on global stock markets

20/04/2016(0)
Stocks fell around the world on Wednesday as the price of crude declined after a strike by Kuwaiti oil workers ended. Brent and U.S. crude oil futures prices LCOc1 ... Read More
HSBC building

HSBC reports on Oil prices scenarios

24/03/2016(0)
Despite hopes that lower oil prices will stabilise global growth, experience suggests otherwise. Growth was disappointing in 2015 even though the oil price had plunged in 2014. While developed-world ... Read More
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Brent trades near $33 as Russia sees output talks done by March

22/02/2016(0)
Brent traded near $33/bbl as Russia said talks on an output freeze will be done by March 1 while Nigeria said some countries should have production capped at higher levels. Futures rose ... Read More
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