Latest Oil Prices News

Canada and UK final GDP due for release
May 03, 2018
Nasir Mohammad
We have the UK final GDP for the last quarter due, as well as the country’s current account balance. Also, governor Mark Carney is due to deliver a speech
How Trump can help rebalance the oil market?
May 03, 2018
Kristina Frunze
Experts believe that Donald Trump can help rebalance the oil market by canceling the US-Iran nuclear deal. Is this scenario possible?
EIA 2017 oil price forecast
May 03, 2018
Kristina Frunze
EIA 2017 oil price forecast: The rate of global oil consumption is expected to over pace the total global oil production in 2017, driving the oil higher.
CITI: Oil rebounds temporary
May 03, 2018
Nasir Mohammad
Citibank analyst: Oil rebounds temporary, as the commodity is still in for a downward spiral. Resuming its fall on Tuesday. A major factor that influence is
Following the OPEC output deal on the oil cut, the Goldman Sachs is keeping its forecasts for the oil prices.
After winning output cuts from non-member and members of the oil cartel, OPEC oil cut deal credibility is doubted. Will producers stick to their promises?
Oil cut agreement compliance will rise above 90 percent, as per the Secretary General of OPEC, Barkindo. Will oil bloc be able to rebalance the market?
The markets' issues have dragged on from 2015 to 2016, and show no sign of letting go. Despite all this, a hopeful future for the markets is expected ahead.
OPEC oil cut deal possibility is threatened, as the second-biggest oil producer in the bloc refused to participate in the agreement.