Oil makes a roaring start and keeps rising
Oil posted its sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring start to 2022, …
oil prices
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Oil falls after Brent crude surges to $90
Oil fell from a seven-year high after the U.S. Federal Reserve signaled that it would soon start raising interest rates to quell inflation, denting investors’ appetite for risk assets including commodities. WTI declined after …
IMF changes oil prices forecast for 2022
The International Monetary Fund (IMF) noted that the average oil price in 2022 is expected to increase by 11.9% compared to 2021 to $77.31 per barrel. At the same time, next year, oil prices will decrease by 7.8% to $71.29 per barrel, …
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 …
Goldman Sachs: oil prices will surge to $100 this year
Goldman Sachs is now calling for oil prices to hit $100 a barrel later this year and continue rising in 2023, signaling higher prices at the pump are on the way, CNN writes
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 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
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 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 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 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 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
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
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 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 …
Novak sees $65-$80/barrel as comfortable oil price for Russia in 2022
Russian Deputy Prime Minister Alexander Novak said on Wednesday that OPEC+ group of largest oil producers has resisted calls from Washington to boost output because it wants to provide the market with clear guidance and not deviate from …
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
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 …
OPEC's+ five years: Expect More Turbulent Years Ahead for the Oil Producers
The OPEC+ group of oil producers celebrated their fifth birthday in early December. It’s been a turbulent time - more so than they could have imagined when they first came together to face the threat posed by the U.S. shale boom …
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 …
