Oil Rally Accelerates as Traders Price in Real Supply Disruption
May WTI crude oil surged sharply in the holiday-shortened week ending April 3, settling at $111.54, up $11.90…
Canada’s Synthetic Crude Soars 200% as War Chokes Diesel Supply
The price of Canada’s synthetic crude, which has rich diesel yield for refiners, has surged by nearly 200%…
Oil Traders Caught Between Diplomacy and Disruption Risk
Nearby WTI crude oil spent the week ending March 27 in a trader’s market, with headlines on U.S.-Iran…
Barclays: Prolonged Hormuz Blockage Could Wipe Out 14 Million Bpd of Oil Supply
The global oil market could lose up to 14 million barrels per day (bpd) of supply if the…
Why This Energy Shock Will Hit Consumers Harder Than 2011
Arend Kapteyn, the global head of economics and strategy research and chief economist at UBS, told clients that…
Banks Hike Oil Price Forecasts, and Some See $150 Crude
Investment banks are scrambling to revise up their oil price forecasts as the Middle East war cripples supply…
Goldman Sachs Hikes Brent Oil Forecast to Over $100 for March
Goldman Sachs expects Brent Crude prices to average over $100 per barrel this month as the Middle East…
Oil Prices Tumble After Trump Signals Iran War Could End Soon
Oil prices tumbled in early Asian trade on Tuesday after surging to their highest levels since 2022 a…
G7 Nations Delay Strategic Oil Reserve Release Decision
Finance ministers from the Group of Seven (G7) countries reached a broad agreement on Monday to hold off…
Oil Prices Soar 29% as Iran Conflict Threatens Middle East Supply
Iranian President Masoud Pezeshkian has praised the appointment of Mojtaba Khamenei as the country’s new supreme leader, calling…
Goldman Sachs Hikes Q2 Brent Oil Price Forecast by $10
The all but halted flows via the Strait of Hormuz will deplete oil inventories in advanced economies, prompting…
Oil Prices Rise as U.S.-Iran Tensions Simmer
Oil prices rose by 1% early on Wednesday as the U.S.-Iran tensions continue to rise and Israeli Prime…