prices

EIA Boosts Brent and WTI Oil Price Forecasts – Rigzone

Posted on September 19, 2023September 19, 2023 by Mozambique Resources Post

EIA Boosts Brent and WTI Oil Price Forecasts – Rigzone

The U.S. Energy Information Administration (EIA) increased its Brent and West Texas Intermediate (WTI) spot average price forecasts for both 2023 and 2024 in its latest short term energy outlook (STEO), which was released this week. In the latest STEO, the EIA projected that Brent spot prices will average $84.46 per barrel this year and $88.22 per barrel next year and that WTI spot prices will average $79.65 per barrel in 2023 and $83.22 per…

Read More

Markets: Trade Tensions Are Keeping A Lid On Oil Prices

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

Markets: Trade Tensions Are Keeping A Lid On Oil Prices

Ongoing U.S.-China trade tensions continue to chip away at Chinese economic growth. China’s National Bureau of Statistics (NBS) said on Thursday that the country’s economy slowed in the first two months of the year as the rate of industrial production fell to its lowest in a decade.

Global Markets: And… Oil Rises

Posted on March 12, 2019March 12, 2019 by Mozambique Resources Post

Global Markets: And… Oil Rises

(Bloomberg) — Oil rose as Saudi Arabia was said to extend deep supply cuts into April.

Global Oil & Gas: What Will Happen at the Next OPEC+ Meeting?

Posted on March 4, 2019March 4, 2019 by Mozambique Resources Post

Global Oil & Gas: What Will Happen at the Next OPEC+ Meeting?

OPEC+ members will decide to continue with the 1.2 million barrel per day (MMbpd) cuts announced in December to at least the end of the first six-month period, and likely beyond, at the next OPEC+ meeting in April.

Global Market: Oil Prices Could Soar On Trade War Truce

Posted on February 27, 2019February 27, 2019 by Mozambique Resources Post

Global Market: Oil Prices Could Soar On Trade War Truce

President Trump extended the trade talks with China, citing “substantial progress,” which will defuse one of the largest downside risks to the oil market, at least for a while longer.

Markets: LNG Prices Hit 17-month Low in North Asia

Posted on February 26, 2019February 26, 2019 by Mozambique Resources Post

Markets: LNG Prices Hit 17-month Low in North Asia

(Bloomberg) — Liquefied natural gas prices in North Asia, the world’s biggest market for the fuel, have slumped to the lowest in 17 months as the peak demand season ends with a whimper.

Global Markets: Oil nearing a breakout?

Posted on February 20, 2019February 20, 2019 by Mozambique Resources Post

Global Markets: Oil nearing a breakout?

Some analysts see higher prices ahead, as the OPEC+ cuts create a tighter backdrop.

Global Markets: Oil Prices Near Three-Month High As Market Tightens

Posted on February 19, 2019February 19, 2019 by Mozambique Resources Post

Global Markets: Oil Prices Near Three-Month High As Market Tightens

Oil prices rose early on Monday, extending last week’s gains amid rekindled hopes that the U.S. and China could reach a trade deal and growing signs of a tightening market, driven by OPEC’s production cuts and U.S. sanctions on Iran and Venezuela.

Global Oil & Gas: “Washington Eyes Crackdown On OPEC” – Oilprice

Posted on February 11, 2019February 11, 2019 by Mozambique Resources Post

Global Oil & Gas: “Washington Eyes Crackdown On OPEC” – Oilprice

Legislation targeting OPEC is suddenly gaining steam in the U.S. Congress, raising alarm bells for the cartel.

Global Markets: Oil drops on rig count and China concerns

Posted on January 30, 2019January 30, 2019 by Mozambique Resources Post

Global Markets: Oil drops on rig count and China concerns

Renewed concerns over Chinese growth weighed on crude prices on Monday, with WTI and Brent falling more than three percent. It was the largest single-day decline in a month.

1 2 3 … 14 »