Weak economic data from China triggers fall in oil prices
27/08/2024 by OilStoreAdministrator
Oil prices have fallen following the release of a series of economic reports, indicating that China’s demand for crude oil may be slowing.
Analyst says shale mergers will stabilise oil prices
11/06/2024 by Richard
The wave of mergers and acquisitions (M&As) in the US shale industry will help oil prices to stabilise according to Jason Gabelman, an analyst at TD Cowen.
Oil prices slip following OPEC+ decision
10/06/2024 by Mark
At its latest meeting, the OPEC+ group has agreed to extend its current production cuts, but oil prices slipped slightly following the news.
JP Morgan revises down oil price forecast
21/06/2023 by greg
Financial services firm JP Morgan has downgraded its expectations for the price of Brent Crude this year from $90 to $81 per barrel.
IEA predicts lower oil prices next year
24/12/2021 by greg
Consumers and businesses may get some relief from high fuel prices, according to the US Energy Information Administration (EIA), which, in its latest Short-Term Energy Outlook, has downgraded its expected price for benchmark WTI and…
IEA predicts potential decline in oil prices
22/11/2021 by Mark
Oil prices may have surged to over $80 per barrel in recent weeks, but the International Energy Agency (IEA) predicts that an uptick in US oil production will help to bring some balance to the…