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oil price outlook

Oil giant Saudi Aramco points to lower crude prices as profits plunge 38% in the 2nd quarter

Mon, 08/07/2023 - 11:00

saudi aramco — REUTERS/Ahmed Jadallah

Markets, MI Exclusive, Saudi Aramco, oil prices, oil price outlook, energy, Saudi Arabia

Oil is on course for its best month since Russia invaded Ukraine as recession fears die down and Saudi Arabia cuts supply

Mon, 07/31/2023 - 10:21

OIl refinery — Oil is on pace for its best month since January 2022.
zorandimzr/Getty Images

Markets, MI Exclusive, Commodities, Oil, Saudi Arabia, Global Recession, oil price outlook

Prepare for oil to rally as the Fed gets set to pause its rate hikes, JPMorgan says

Mon, 04/17/2023 - 11:08

Jerome Powell smiles after taking the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System at the Federal Reserve Building in Washington, DC, on May 23, 2022. — Fed Chairman Jerome Powell.
OLIVIER DOULIERY/AFP via Getty Images

Markets, MI Exclusive, Oil, Oil Rally, commodity, Federal Reserve, Interest Rates

Brace for oil prices to spike toward $100 a barrel with OPEC's cuts set to squeeze supply in time for driving season, energy analyst says

Wed, 04/05/2023 - 09:46

Saudi Arabia's energy minister Prince Abdulaziz bin Salman says OPEC+ could slash output further. — Getty Images

Markets, MI Exclusive, Oil, Crude Oil, Saudi, Saudi Arabia, OPEC

Saudi Arabia-led oil cartel OPEC+ just slashed its crude output – and that's stoked inflation fears. Here's what you need to know.

Mon, 04/03/2023 - 08:34

Biden and Mohammed bin Salman (MBS) fist bumping. — Saudi Arabia said Sunday it'd cut its oil output by 500,000 barrels a day.
Bandar Algaloud/Reuters

Markets, MI Exclusive, Commodities, OPEC, Saudi Arabia, Oil, oil price outlook

Oil prices head for a 4th monthly loss in a row, as traders keep worrying about the Fed's war on inflation

Tue, 02/28/2023 - 06:38

Oil storage facility in Texas — An oil storage facility in Houston, Texas.
Mark Felix/AFP via Getty Images

Markets, MI Exclusive, Oil, Commodities, Oil price, oil price outlook, Federal Reserve

Russia is slashing its oil output by 5% in retaliation to Western sanctions — but it also likely that it is struggling to find buyers in the first place

Mon, 02/13/2023 - 04:12

Vladimir Putin — Russian President Vladimir Putin slammed the EU's price cap on Russian crude, calling it "stupid."
Mikhail Metzel/Getty Images

Markets, News, MI Exclusive, Commodities, Russia, Oil, energy

Goldman Sachs sees oil prices heading to $100 a barrel by the third quarter of 2023 amid China reopening

Fri, 01/27/2023 - 06:46

oil — Oil has dipped to around $82 amid a depressed global economic environment.
Andrey Rudakov/Bloomberg

Markets, energy, MI Exclusive, Oil, oil price outlook, Oil Markets, global oil market

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