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Oil prices rise to near 1-year highs as vaccines, stimulus and Saudi Arabian production cuts lift the energy outlook

With a vaccine gradually rolling out and trillions of dollars in gover.....»»

Category: topSource: businessinsiderJan 13th, 2021

Outlook for 2019 Oil Market ‘Not Very Cheerful’: IEA

The International Energy Agency released its monthly Oil Market Report Friday morning, noting a significant drop in Saudi Arabian production in December with more cuts promised. How that will play........»»

Category: blogSource: 247wallstJan 18th, 2019

EIA cuts 2020 oil price outlook by over 20%, lowers crude production forecasts

The U.S. Energy Information Administration lowered its 2020 forecast for West Texas Intermediate and Brent crude oil prices and cut its expectat.....»»

Category: topSource: marketwatchApr 7th, 2020

Bond Report: Treasury yields come off lows as crude-oil surge lifts inflation expectations

U.S. Treasury yields bounced off their lows on Thursday as a surge in oil prices spurred by hopes of coordinated production cuts between Saudi Arabia and Russia helped to lift inflation expectations, a bugaboo for bondholders......»»

Category: topSource: marketwatchApr 2nd, 2020

EIA lowers U.S. crude production forecast, cuts 2020 oil price outlook by about 30%

The U.S. Energy Information Administration lowered its 2020 forecast for West Texas Intermediate and Brent crude oil prices by roughly 30% and reduced its expectations for U.S. crude-oil production, according to the Shor.....»»

Category: topSource: marketwatchMar 11th, 2020

Chesapeake Energy"s stock tumbles toward record low below 21 cents as crude oil prices crumble

Shares of Chesapeake Energy Corp. plummeted 11% toward a record low close of just below 21 cents, as Russia's rejection of Saudi Arabia-proposed production cuts sent crude oil prices reeling. Chesapeake's stock has now tumbled 25.1% over the past w.....»»

Category: topSource: marketwatchMar 6th, 2020

Commodities Corner: Gold’s rise to near 7-year highs feeds talk of a climb to record prices of $2,000 and beyond

Gold prices now trade at their highest levels in almost seven years, as the economic impact of COVID-19 has raised expectations for stimulus from global central banks, feeding talk of record prices of $2000 an ounce and beyond for the precious metal......»»

Category: topSource: marketwatchFeb 19th, 2020

Oil edges down from three-month highs after Russia downplays output cuts

Oil prices edged down from three-month highs on Friday as investors' optimism on economic growth was clouded by the Russian energy minister's comments downplaying oil output cuts next year......»»

Category: topSource: reutersDec 27th, 2019

Oil prices fall as supply risk premium fades, demand outlook drags

Oil prices fell on Friday, erasing more of the gains realized after the Sept. 14 attacks on Saudi Arabian oil facilities, as the rapid return of production capacity from the world's top exporter squashed risk premiums......»»

Category: topSource: reutersSep 27th, 2019

Futures Movers: Oil ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts

Oil futures rise Monday, marking their highest settlement in almost six weeks, as Saudi Arabia’s new energy minister signals a continued commitment to production curbs......»»

Category: topSource: marketwatchSep 9th, 2019

Futures Movers: Crude gains as new Saudi oil minister repeats commitment to production cuts

Oil futures rise as Saudi Arabia’s new energy minister signals a continued commitment to production curbs......»»

Category: topSource: marketwatchSep 9th, 2019

EIA cuts forecasts on oil prices and U.S. crude-oil production

The U.S. Energy Information Administration reduced its forecasts for oil prices and U.S. crude-oil production, according to its Short-term Energy Outlook.....»»

Category: topSource: marketwatchJun 11th, 2019

Oil edges higher as OPEC+ says to stay the course

Oil prices edged up to near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support......»»

Category: videoSource: reutersMay 20th, 2019

Asian shares, oil prices rise on upbeat global outlook

Asian shares rose and oil prices touched fresh multi-year highs on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment......»»

Category: topSource: foxnewsApr 19th, 2018

Chesapeake tops estimates on higher production, prices

(Reuters) - Chesapeake Energy Corp's quarterly profit exceeded analysts' estimates on Wednesday, as it produced more oil and natural gas from fewer wells and gained from the past year's rise in global prices of crude......»»

Category: topSource: reutersMay 2nd, 2018

Oil near multi-year highs as Iran sanctions tighten supply outlook

LONDON (Reuters) - Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand......»»

Category: topSource: reutersMay 11th, 2018

With pump prices above three-year highs, OPEC and Russia look to boost oil production

The cartel’s biggest producer and exporter, Saudi Arabia, is seeking to broker an agreement on production levels ahead of a meeting in Vienna......»»

Category: topSource: washpostJun 19th, 2018

Russia Supports OPEC Plan to Lift Oil Production

Russia threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC......»»

Category: topSource: wsjJun 23rd, 2018

The Wall Street Journal: Russia backs OPEC plan for nominal lift to oil production

Russia on Saturday threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC......»»

Category: topSource: marketwatchJun 23rd, 2018

Russia Says It Will Support OPEC Plan to Lift Crude Supply

Russia threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC......»»

Category: topSource: wsjJun 23rd, 2018

US Gasoline Price on Course to Rise More in 2019

The U.S. Energy Information Administration on Tuesday released its Short-term Energy Outlook for September. The agency sees gasoline prices averaging about $2.76 a gallon this year, but rising by........»»

Category: blogSource: 247wallstSep 11th, 2018