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Markets Mar. 19, 2022, 10:00 AM

Oil will surge to $120 and stay high for more than a year as Russian supply dwindles, Morgan Stanley’s commodities chief says

The world economy will be dealing with high oil prices for the foreseeable future, Morgan Stanley's Martijn Rats told Insider.
Oil will surge to $120 and stay high for more than a year as Russian supply dwindles, Morgan Stanley’s commodities chief says
Markets Jul. 19, 2021, 4:27 PM

Oil sinks to 7-week low as OPEC+ deal to increase supply arrives as Delta variant cases surge

West Texas Intermediate oil prices had climbed about 40% this year on expectations of renewed demand.
Oil sinks to 7-week low as OPEC+ deal to increase supply arrives as Delta variant cases surge
Markets Jul. 5, 2021, 12:42 PM

Oil holds above $75 as investors weigh OPEC+ deadlock with fresh talks ahead

Analysts say that if the deadlock is not resolved, oil prices could either skyrocket if supply is throttled, or bottom out if OPEC+ breaks apart.
Oil holds above $75 as investors weigh OPEC+ deadlock with fresh talks ahead
Markets Aug. 13, 2020, 11:09 PM

The IEA warns global oil demand will shrink further in both 2020 and 2021, held up by gloomy air travel

The International Energy Agency lowered its global oil demand forecasts for 2020 and 2021 on expectations of a further downturn in air travel. Although there has been a recovery in business and industrial activity, that did not deter the agency from downgrading its estimates. The Paris-based agency expects global oil […]
The IEA warns global oil demand will shrink further in both 2020 and 2021, held up by gloomy air travel
Markets May. 1, 2020, 11:00 PM

ExxonMobil tumbles after oil-market chaos drives first quarterly earnings loss since 1988

ExxonMobil shares slid as much as 2.6% on Friday after the firm posted its first quarterly loss in 32 years. The energy company is among the most exposed to oil’s recent price plunge and the coronavirus’ impact to demand for the commodity. The pandemic has placed “unprecedented pressure” on margins, […]
ExxonMobil tumbles after oil-market chaos drives first quarterly earnings loss since 1988
Markets Apr. 20, 2020, 12:00 PM

Oil plummets 21% to 21-year low as sinking demand spurs uncertainty around storage

Oil prices plummeted to a 21-year low on Sunday evening as uncertainty mounted around storage of excess supply. The commodity has continued to fall over the past week, even after OPEC and its allies agreed to a historic production cut intended to backstop prices. WTI crude oil plunged as much […]
Oil plummets 21% to 21-year low as sinking demand spurs uncertainty around storage
Markets Mar. 7, 2017, 7:46 PM

One of the most important but battered areas of Britain’s economy is going to finally turn around this year

Operators in the North Sea oil are finally...
One of the most important but battered areas of Britain’s economy is going to finally turn around this year
Markets Aug. 11, 2016, 3:07 PM

Here’s proof that Saudi Arabia doesn’t care about killing oil prices — only the competition

There is proof that Saudi Arabia is more...
Here’s proof that Saudi Arabia doesn’t care about killing oil prices  —  only the competition
Markets Jul. 6, 2016, 8:05 PM

Brexit fears and production highs crushed the oil market

Oil is getting volatile again. The price of oil...
Brexit fears and production highs crushed the oil market
Markets May. 18, 2016, 6:10 PM

The world just lost 16.8 million barrels of oil

Canada's recent uncontrollable wildfires will...
The world just lost 16.8 million barrels of oil
Markets Apr. 20, 2016, 6:00 AM

A huge power struggle in Saudi Arabia threatens to dismantle an oil price recovery

The power struggle between Saudi Arabia's...
A huge power struggle in Saudi Arabia threatens to dismantle an oil price recovery
Markets Apr. 18, 2016, 4:47 PM

Oil is getting obliterated

Any hopes that oil prices will return to...
Oil is getting obliterated
Markets Feb. 18, 2016, 6:39 PM

Oil prices seesaw as investors hope Iran will change its mind

Oil prices seesawed once again after Iran gave...
Oil prices seesaw as investors hope Iran will change its mind
Markets Feb. 17, 2016, 8:16 PM

IRAN’S SANCTIONS REVENGE — It will not join the ‘illogical’ oil production freeze

Oil prices are tumbling because the agreement...
IRAN’S SANCTIONS REVENGE  —  It will not join the ‘illogical’ oil production freeze
Markets Feb. 7, 2016, 9:45 PM

Oil prices may counterintuitively crash further because of oil producers’ high debt levels

We all know that the 70% plunge in oil prices...
Oil prices may counterintuitively crash further because of oil producers’ high debt levels
Markets Dec. 29, 2015, 6:32 PM

Saudi Arabia is killing its own economy because it won’t cut oil production

Oil prices plunging around 60% since the...
Saudi Arabia is killing its own economy because it won’t cut oil production

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