OilPrice.com

By Alex Kimani Goldman Sachs: Brent oil prices have reached new highs since October 2018, and we forecast that this rally will continue Goldman Sachs analyst Neil Mehta has recommended...

Goldman Sachs claims that oil has entered a structural bull market, reaffirming their $90 oil prediction Oil inventories are seeing their largest daily drawdowns ever, and the growing global natural...

It was only a matter of time, really. In a globalized world, energy crunches can hardly remain regionally contained for very long, especially in a context of damaged supply chains and a rush to cut...

Anglo-Dutch oil supermajor Royal Dutch Shell (NYSE:RDSa) (LON:RDSa) is set to leave the Permian with a divestment worth close to $10 billion.The company said it will sell its assets in the shale play...

China’s energy industry is caught between a rock and a hard place. As the world’s second-largest economy has surged back to life in the wake of the novel coronavirus pandemic, energy...

A cross-section of Wall Street experts has been downplaying the recent surge in oil prices, saying that it’s unlikely to hurt the global recovery. One indicator that lends credence to this claim...

Record breaking natural gas and electricity prices in Europe could be the harbinger of increased volatility in global commodity markets, according to Goldman Sachs.“European energy pricing...

Two recent reports warned that oil and gas production needs to be significantly reduced if the world is to meet the Paris Agreement goals and curb the effects of climate change. They add to a growing...

ExxonMobil (NYSE:XOM) booked its first annual loss since the 1999 merger of Exxon and Mobil, and the first annual loss in at least 40 years after the pandemic crushed oil demand and prices and led to...

OPEC+ could change the terms of its oil production cut deal if the members of the pact agree to do it, Saudi Energy Minister Abdulaziz bin Salman said today as quoted by Reuters.“We did tweak...

Citi revised down on Monday its outlook for the WTI Crude price for next year by $5 to $49 a barrel, citing the global spike in coronavirus cases that is set to impact oil demand.Citi Research also...

Since the turn of the year, energy stocks have become a put owner's dream—what with the energy sector virtually generating the worst returns of all US sectors.And the harder you look, the worse...

Natural gas has often been vilified as just another fossil fuel contributing to the climate crisis.While gas-fired power generation and the natural gas value chain do emit greenhouse gases, natural...

It will take three years for global oil demand to rebound to pre-pandemic levels, as jet fuel consumption continues to trend much lower than last year’s levels, according to Bank of America...

Fitch Ratings has lowered its long-term price assumption for West Texas Intermediate to $50 from $52 a barrel expected earlier, to reflect fragile market balances, inventory overhangs, lower...

The world’s top oil exporter, Saudi Arabia, continues to try to tighten the world’s most transparently reported oil market by slashing crude oil shipments to the United States to the...