oil prices

Oil prices slip from 2014 highs, supply concerns limit losses

Oil prices slip from 2014 highs, supply concerns limit losses

Oil slipped on Thursday as investors took profits following a month-long rally in prices, but strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures …

Azeri Light oil price exceeds $90

Azeri Light oil price exceeds $90

Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. The price …

Goldman Sachs sees Brent oil hitting $100/bbl in Q3 2022

Goldman Sachs sees Brent oil hitting $100/bbl in Q3 2022

Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit to demand from the Omicron coronavirus variant coupled with increased supply disruptions and OPEC+ shortfalls. …

Brent climbs to more than 7-year high

Brent climbs to more than 7-year high

Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a …

Oil prices climb on supply worries, limited Omicron impact

Oil prices climb on supply worries, limited Omicron impact

Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus …

Oil struggles to hold gains amid mixed demand view

Oil struggles to hold gains amid mixed demand view

Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe. U.S. West Texas …

Oil prices hold firm amid hopes for economic growth

Oil prices hold firm amid hopes for economic growth

Oil prices steadied on Wednesday, following steep gains in the previous session after the U.S. Federal Reserve chief signalled the central bank may raise rates more slowly than expected, which should help support oil demand. Brent and …

Oil rises towards $82 as demand recovery seen on track

Oil rises towards $82 as demand recovery seen on track

Oil rose towards $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. OPEC supply additions are running below their …

Oil rises sharply for the first time since mid-November

Oil rises sharply for the first time since mid-November

On Thursday, the price of the Texas oil benchmark exceeded $ 80 per barrel - for the first time since November 17. According to trading data, on January 6, the global oil prices rally accelerated to 2-3%.  At 17.20 Moscow time, the …

Urals oil price reaches three-year high

Urals oil price reaches three-year high

The average price of Urals oil in 2021 reached $69 per barrel, according to the Russian Ministry of Finance. According to the ministry, the average price for Urals oil in January-December 2021 was $69 per barrel, in …

Oil prices stay firm on fuel demand despite COVID-19 surge

Oil prices stay firm on fuel demand despite COVID-19 surge

Oil prices rose on Thursday to extend several consecutive days of gains, buoyed by data showing U.S. fuel demand holding up well despite soaring Omicron coronavirus infections. Brent crude futures rose 24 cents, or 0.3%, to $79.47 a …

Oil prices headed beyond $80 in 2022

Oil prices headed beyond $80 in 2022

The cost of a Brent oil futures contract for March 2022 delivery on the London ICE stock exchange rose by 0.2% and reached $79.1 per barrel, according to trading data as of 08:08 am Moscow time. The last time the price of Brent oil …

Brent oil surpasses $78 per barrel

Brent oil surpasses $78 per barrel

The price of Brent oil futures contract with March delivery on the London’s ICE reached $78.65 per barrel on Tuesday. The last time Brent was above $77 per barrel was on November 26, 2021. By 08:05 Moscow time, Brent …

Novak: oil prices may remain at around $75 per barrel in 2022

Novak: oil prices may remain at around $75 per barrel in 2022

The oil price in 2022 may remain at $75 per barrel with the possibility of fluctuation around 10% in both directions, Russian Deputy Prime Minister Alexander Novak said an interview with the Rossiya-24 TV channel on Friday. "The …

Brent oil slides more than 5% on Omicron, economic hits

Brent oil slides more than 5% on Omicron, economic hits

Oil extended declines - falling more than 5% - hampered by the rapid spread of the omicron virus variant and turmoil for U.S. President Joe Biden’s economic plans. Futures in London tumbled below $70 a barrel, as wider …