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3 days ago · The lack of spending–mostly in U.S. shale plays, but also internationally–means lower global oil supplies in 2021. If oil prices were to stay below $50/bbl, U.S. oil production would drift lower. Simply put, production is not sustainable at WTI strip prices in the mid- to upper $40s.
Jun 26, 2024 · Oil nudged higher ahead of U.S. economic data, as the market seeks a catalyst to break out of the tightest trading range in over three years. Brent was close to US$86 a barrel and has swung in a narrow range of $1.76 so far this week, the smallest fluctuation since early 2021.
1 day ago · Meanwhile, Saudi Arabia’s Saudi Aramco cut prices for the flagship Arab Light crude it will sell to Asia in August to $1.80 a barrel above the Oman/Dubai average, underscoring pressure faced by ...
Jun 24, 2024 · Oil prices rose about 1% on Monday, spurred by the prospect of strong summer driving demand and as tensions in the Middle East and drone attacks on Russian refineries led to concerns about...
Jun 18, 2024 · Oil prices have bounced back after the last OPEC+ announcement sent them crashing, and the U.S. Federal Reserve could send them higher still with optimistic messaging.
Jun 27, 2024 · Oil touched the highest level in almost two months, with the market gripped by turmoil in the Middle East and political uncertainty in some of the world’s biggest economies. Brent crude and West Texas intermediate edged up, hitting their highest intraday levels since April 30.
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Why did oil prices rise 1% on Monday?
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Will oil prices climb further over the next quarter?
Jun 11, 2024 · U.S. crude oil production grows in our forecast by 2% from 2023 to an annual average of 13.2 million barrels per day (b/d) in 2024 and by another 4% in 2025 to 13.7 million b/d.
