Saudi Arabia may make surprise oil cuts, sending prices soaring and the futures market into backwardation, says a 30-year energy expert

Tech Insider
Creative of oil prices rising.

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The drop in oil prices is just a 'ploy' as speculators pretend demand is weak, Saudi Arabia energy minister says

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Prince Abdulaziz bin Salman
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman.

REUTERS/Satish Kumar

The Strategic Petroleum Reserve 'would be harder to use,' and the only buffer for oil markets is Middle East production, energy expert says

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Saudi oil production

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Oil prices at $100 a barrel look too high for global demand to sustain

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Gas pump

(Photo by FREDERIC J. BROWN/AFP via Getty Images)

Oil prices could rise to $120 a barrel on further supply cuts, and that would bring economic growth to a halt next quarter, JPMorgan says

Tech Insider : Economy
oil
Men work on an well pump near Sweetwater, Texas, Dec. 23, 2014.

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