Commodity Prices News


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Shale King Hamm Wants to Give Oil Forecasters a Reality Check
Thursday, November 16, 2017 Hamm blames overly optimistic government production predictions for depressing US oil prices.

Most US Oil Executives See Prices Below $60/Barrel Through 2018
Wednesday, October 11, 2017 Nearly two-thirds of US oil executives see crude oil prices remaining below $60 per barrel through 2018, according to a Deloitte survey.

Kemp: Mission Accomplished? OPEC Banishes Contango
Thursday, September 21, 2017 The shift away from contango to backwardation has accelerated notably since July.

CEO: Russia's Rosneft Prepares For Oil At $40-$43 In 2018
Monday, September 11, 2017 Rosneft expects average global oil prices between $40 and $43 a barrel in 2018 and is preparing for such a level, Chief Executive Igor Sechin says.

Gasoline Slips as Gulf Coast Refiners Fire Up Shuttered Plants
Friday, September 01, 2017 Motor fuel prices declined as traders assessed the supply implications of refinery restarts following hurricane-induced shutdowns.

Gasoline Slips as Gulf Coast Refiners Fire Up Shuttered Plants
Friday, September 01, 2017 Motor fuel prices declined as traders assessed the supply implications of refinery restarts following hurricane-induced shutdowns.

Rosneft's Sechin Quits Board Of Russian Commodity Exchange SPIMEX
Monday, June 26, 2017 Igor Sechin, the head of Russia's largest oil producer Rosneft, quits the board of SPIMEX.

Traders Test OPEC 'Whatever It Takes' Resolve To Defend Oil Price
Thursday, June 22, 2017 When OPEC leader Saudi Arabia pledged in May to do 'whatever it takes' to defend world oil prices, it didn't expect the market to be testing its resolve just one month later.

KPC CEO: Enormous Demand for Oil Forecasted in 2019-2020
Monday, May 01, 2017 KPC CEO predicts an "enormous demand" for oil in 2019-2020.

Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market Share
Monday, May 01, 2017 Saudi Arabia cut pricing for June oil exports to Asia as it fights to defend sales in its biggest regional market.

Crude Prices to Edge Up in Near Future
Monday, August 08, 2016 Crude oil prices will shift higher in the near future, says energy advisory firm FirstEnergy Capital, after dropping from over $50 per barrel in June to $42.34 per barrel at the time of writing.

Crude Prices to Edge Up in Near Future
Monday, August 08, 2016 Crude oil prices will shift higher in the near future, says energy advisory firm FirstEnergy Capital, after dropping from over $50 per barrel in June to $42.34 per barrel at the time of writing.

Crude Prices to Edge Up in Near Future
Monday, August 08, 2016 Crude oil prices will shift higher in the near future, says energy advisory firm FirstEnergy Capital, after dropping from over $50 per barrel in June to $42.34 per barrel at the time of writing.

FirstEnergy Expects Crude Oil Price to Hit $70 in 2018
Thursday, June 23, 2016 Crude oil prices will rebound towards $70 per barrel in 2018, according to oil and gas analysts at FirstEnergy.

Goldman Says Oil at $35 Is 'Goldilocks' Ideal for US Explorers
Thursday, April 07, 2016 Oil at $35 a barrel is neither too high nor too low but just right to make shares of US explorers worth buying, according to Goldman Sachs Group Inc.

Goldman Says Oil at $35 Is 'Goldilocks' Ideal for US Explorers
Thursday, April 07, 2016 Oil at $35 a barrel is neither too high nor too low but just right to make shares of US explorers worth buying, according to Goldman Sachs Group Inc.

Specter Of $20 Oil Recedes As Speculators Flee Bearish Bets
Monday, March 07, 2016 Hedge funds unwound bearish bets at the fastest pace in 10 months as fear of oil sinking to $20 a barrel faded.

Battle of Three Oil Benchmarks Upending Crude Flows Across Globe
Friday, February 05, 2016 The oil tanker Tofteviken setting sail from the UK this month carrying the first shipment of North Sea Ekofisk crude to the US Gulf Coast in five years.

Battle of Three Oil Benchmarks Upending Crude Flows Across Globe
Friday, February 05, 2016 The oil tanker Tofteviken setting sail from the UK this month carrying the first shipment of North Sea Ekofisk crude to the US Gulf Coast in five years.

Battle of Three Oil Benchmarks Upending Crude Flows Across Globe
Friday, February 05, 2016 The oil tanker Tofteviken setting sail from the UK this month carrying the first shipment of North Sea Ekofisk crude to the US Gulf Coast in five years.

Suncor Cuts Spending After Surprise Loss on Asset Writedowns
Thursday, February 04, 2016 Suncor Energy cuts spending by about 10% this year amid writedowns on the value of Canadian, Libyan and offshore assets.

Suncor Cuts Spending After Surprise Loss on Asset Writedowns
Thursday, February 04, 2016 Suncor Energy cuts spending by about 10% this year amid writedowns on the value of Canadian, Libyan and offshore assets.

Suncor Cuts Spending After Surprise Loss on Asset Writedowns
Thursday, February 04, 2016 Suncor Energy cuts spending by about 10% this year amid writedowns on the value of Canadian, Libyan and offshore assets.

Oil Industry Keeps Champagne Flowing Despite Price Slump
Thursday, February 04, 2016 Despite the battering taken by oil prices in Azerbaijan and Algeria, their NOCs plan lavish hospitality for annual parties and networking.

Oil Industry Keeps Champagne Flowing Despite Price Slump
Thursday, February 04, 2016 Despite the battering taken by oil prices in Azerbaijan and Algeria, their NOCs plan lavish hospitality for annual parties and networking.

Oil Industry Keeps Champagne Flowing Despite Price Slump
Thursday, February 04, 2016 Despite the battering taken by oil prices in Azerbaijan and Algeria, their NOCs plan lavish hospitality for annual parties and networking.

Aramco Cuts Oil Pricing to Asia With Iran Set to Boost Exports
Thursday, February 04, 2016 Saudi Arabia lowers March pricing for Asian oil customers, showing no sign of letting up on its campaign to keep market share.

Six Oil Producers Agree on Emergency Meeting, Iran's Shana Says
Wednesday, February 03, 2016 Six oil-producing countries have agreed on an emergency meeting between OPEC and non-OPEC member states, according to Iran's oil ministry.

Oil Price Will Increase in Next 'Few Months'
Monday, January 25, 2016 Oil prices will only stay at current levels for the next few months, says Stuart Amor, the ex-head of oil and gas research at financial advisory firm RFC Ambrian.

Oil Price Will Increase in Next 'Few Months'
Monday, January 25, 2016 Oil prices will only stay at current levels for the next few months, says Stuart Amor, the ex-head of oil and gas research at financial advisory firm RFC Ambrian.

Oil Price Will Increase in Next 'Few Months'
Monday, January 25, 2016 Oil prices will only stay at current levels for the next few months, says Stuart Amor, the ex-head of oil and gas research at financial advisory firm RFC Ambrian.

OMV CEO Says Plans Overhaul to Cut Costs
Friday, October 23, 2015 OMV's chief executive, Rainer Seele, is reportedly working on plans to cut costs and expand low-cost production.

PetroNeft Sees No Sign of Oil Price Improvement, Vows to Grow Production
Tuesday, September 29, 2015 PetroNeft's Chairman, David Golder, believes "there is little sign of improvement in oil prices in the near term" and states that PetroNeft is focused on growing production in the future.

YPF Said to Plan 2016 Spending Cut as $77 Crude Disappears
Thursday, September 24, 2015 Argentina's YPF says it will cut spending up to 20 percent next year if a new administration lowers the domestic oil price.

YPF Said to Plan 2016 Spending Cut as $77 Crude Disappears
Thursday, September 24, 2015 Argentina's YPF says it will cut spending up to 20 percent next year if a new administration lowers the domestic oil price.

IEA Sees US Oil Output Collapsing Next Year on Low Prices
Friday, September 11, 2015 Lower oil prices will force non-OPEC producers including the US to cut output by the steepest rate in more than two decades next year.

IEA Sees US Oil Output Collapsing Next Year on Low Prices
Friday, September 11, 2015 Lower oil prices will force non-OPEC producers including the US to cut output by the steepest rate in more than two decades next year.

EOG Resources CEO Expects Oil Prices To Rise In 2016
Tuesday, September 08, 2015 EOG Resources CEO Bill Thomas expects oil prices to rise next year, telling a group of analysts that he is "excited about 2016."

Statistics Norway Expects Oil Prices to Hit $60 Per Barrel in 2018
Thursday, September 03, 2015 Statistics Norway expects oil prices to "remain low going forward", before increasing to around $60 per barrel in 2018.

Statistics Norway Expects Oil Prices to Hit $60 Per Barrel in 2018
Thursday, September 03, 2015 Statistics Norway expects oil prices to "remain low going forward", before increasing to around $60 per barrel in 2018.

Statistics Norway Expects Oil Prices to Hit $60 Per Barrel in 2018
Thursday, September 03, 2015 Statistics Norway expects oil prices to "remain low going forward", before increasing to around $60 per barrel in 2018.

Statistics Norway Expects Oil Prices to Hit $60 Per Barrel in 2018
Thursday, September 03, 2015 Statistics Norway expects oil prices to "remain low going forward", before increasing to around $60 per barrel in 2018.

Statistics Norway Expects Oil Prices to Hit $60 Per Barrel in 2018
Thursday, September 03, 2015 Statistics Norway expects oil prices to "remain low going forward", before increasing to around $60 per barrel in 2018.

Russia's Rosneft Says Can Weather Oil at $40 per Barrel
Tuesday, September 01, 2015 Rosneft is resilient and expects no big changes to planning even with the price of oil languishing at $40 per barrel, according to a company official.

Iraq Oil Minister Says $9B in Arrears Paid to Oil Firms
Tuesday, August 25, 2015 Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister has said.

Iraq Oil Minister Says $9B in Arrears Paid to Oil Firms
Tuesday, August 25, 2015 Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister has said.

Iraq Oil Minister Says $9B in Arrears Paid to Oil Firms
Tuesday, August 25, 2015 Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister has said.

Iraq Oil Minister Says $9B in Arrears Paid to Oil Firms
Tuesday, August 25, 2015 Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister has said.

Iraq Oil Minister Says $9B in Arrears Paid to Oil Firms
Tuesday, August 25, 2015 Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister has said.

Report: Most Canada Oil Sands Crude Produced At A Loss
Thursday, August 20, 2015 More than three-quarters of Canada's daily output crude from oil sands is produced at a loss at current prices, say analysts at TD Securities.