/oil-price?format=feed Oil Price en-US Fri, 04 Oct 2024 16:18:08 -0400 /news/517779-oil-set-for-biggest-weekly-gains-in-two-years Oil prices rose for a fourth consecutive session on Friday as investors braced for a potential Israeli strike on Iranian energy infrastructure, setting up crude… Fri, 04 Oct 2024 20:18:08 Z /news/517779-oil-set-for-biggest-weekly-gains-in-two-years /news/516056-oil-price-drops-on-china-worries Oil prices fell about 2% on Friday and were set to end the week around the same levels as last, with Brent crude just below $80 a barrel, as investors tempered expectations… Fri, 16 Aug 2024 19:15:27 Z /news/516056-oil-price-drops-on-china-worries /news/509687-brent-climbs-ahead-of-opec-oil-production-decision Brent crude futures rose in early Asian trade on Friday, reversing losses in the previous session as traders speculated on whether OPEC+ would come to an agreement on further production cuts… Fri, 24 Nov 2023 10:59:04 Z /news/509687-brent-climbs-ahead-of-opec-oil-production-decision /news/509118-world-bank-sees-lower-2024-oil-price-but-middle-east-war-could-cause-spike The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2024 as slowing growth eases demand… Tue, 31 Oct 2023 13:30:08 Z /news/509118-world-bank-sees-lower-2024-oil-price-but-middle-east-war-could-cause-spike /news/508843-brent-hits-93-as-middle-east-strife-heightens-supply-concerns Global oil benchmark Brent hit $93 a barrel on Wednesday as the risk of escalating conflict in the Middle East threatened to disrupt oil supplies from the region… Wed, 18 Oct 2023 12:42:50 Z /news/508843-brent-hits-93-as-middle-east-strife-heightens-supply-concerns /news/508601-opec-raises-oil-demand-view-in-long-term-outlook OPEC raised its world oil demand forecasts for the medium and long term in an annual outlook, and said $14 trillion of investment is needed to meet this demand even… Mon, 09 Oct 2023 10:39:18 Z /news/508601-opec-raises-oil-demand-view-in-long-term-outlook /news/508141-aramco-exxon-ceos-push-back-against-forecasts-of-peak-oil-demand The CEOs of top Saudi Arabian and U.S. oil producers Aramco and Exxon Mobil on Monday pushed back against forecasts that oil demand will peak, and said the transition… Tue, 19 Sep 2023 10:07:53 Z /news/508141-aramco-exxon-ceos-push-back-against-forecasts-of-peak-oil-demand /news/507905-oil-prices-ease-from-10-month-highs-but-hold-above-90-a-barrel Oil prices dipped on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week. Saudi Arabia and Russia last week announced… Mon, 11 Sep 2023 09:28:20 Z /news/507905-oil-prices-ease-from-10-month-highs-but-hold-above-90-a-barrel /news/507771-oil-jumps-as-saudi-arabia-and-russia-extend-supply-cuts-to-end-2023 Oil prices spiked more than 1% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined 1.3 million… Tue, 05 Sep 2023 14:16:18 Z /news/507771-oil-jumps-as-saudi-arabia-and-russia-extend-supply-cuts-to-end-2023 /news/507167-oil-prices-could-rise-further-this-zear-but-2024-demand-to-slow-sharply-iea OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024… Fri, 11 Aug 2023 14:29:27 Z /news/507167-oil-prices-could-rise-further-this-zear-but-2024-demand-to-slow-sharply-iea /news/507029-goldman-sachs-jeff-currie-who-predicted-commodities-supercycle-to-retire Goldman Sachs' global head of commodities research Jeff Currie, a prominent analyst who accurately predicted a surge in commodity prices in the 2000s, is retiring… Mon, 07 Aug 2023 13:48:17 Z /news/507029-goldman-sachs-jeff-currie-who-predicted-commodities-supercycle-to-retire /news/507002-oil-set-for-sixth-weekly-gain-on-extended-supply-cuts Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September… Fri, 04 Aug 2023 14:10:43 Z /news/507002-oil-set-for-sixth-weekly-gain-on-extended-supply-cuts /news/506871-goldman-upgrades-oil-demand-outlook-as-market-tempers-growth-pessimism Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher… Mon, 31 Jul 2023 11:59:16 Z /news/506871-goldman-upgrades-oil-demand-outlook-as-market-tempers-growth-pessimism /news/506861-oil-on-track-for-biggest-monthly-gains-in-over-a-year Oil prices edged lower on Monday but were hovering near three-month highs and were set to post their biggest monthly gains in more than a year on expectations that… Mon, 31 Jul 2023 08:25:38 Z /news/506861-oil-on-track-for-biggest-monthly-gains-in-over-a-year /news/506852-oil-on-track-for-fifth-week-of-gains Oil prices were steady on Friday, but on track for a fifth straight week of gains, with investors optimistic, healthy demand and supply cuts will keep prices buoyant… Fri, 28 Jul 2023 13:30:31 Z /news/506852-oil-on-track-for-fifth-week-of-gains