January 14, 2019

Plunging Gasoline Prices Lead To First U.S. Consumer Price Drop In Nine Months

U.S. consumer prices inched down by 0.1 percent in December, due to a sharp decline in gasoline futures, the U.S. Bureau of Labor Statistics said on […]
January 9, 2019

World Bank Cuts Oil Price Forecast To $67 In 2019-2020

The World Bank expects oil prices to average $67 a barrel this year and next, down $2 compared to projections from June last year, the bank […]
January 7, 2019

Why Goldman Just Drastically Slashed Its Oil Price Prediction

Goldman Sachs reduced its outlook for oil prices this year citing abundant supply, Bloomberg reports, quoting a note to clients. The investment bank’s analysts now expect […]
January 6, 2019

European Gas Market Braces For Price Slump

At the end of last year, Gazprom’s chief executive Alexei Miller said he expected Gazprom’s natural gas deliveries to Europe and Turkey to book another record-breaking […]
January 4, 2019

S&P Cuts Brent, WTI 2019 Price Outlook By $10

S&P Global Ratings cut its price outlook for Brent crude oil from US$65  to US$55 and for West Texas Intermediate from US$60 to US$50 for this […]
January 4, 2019

Major Gasoline, Distillate Build Caps Oil Price Gains

By Irina Slav – Jan 04, 2019, 10:15 AM CST A day after the American Petroleum Institute reported sizeable builds in fuel inventories, the Energy Information […]
January 4, 2019

U.S. Oil, Gas Sector Walks In Place On Price Drop

Business activity in the U.S. oil and gas sector slowed down considerably in the fourth quarter of the year as benchmark oil prices plunged by over […]
December 28, 2018

EIA Inventory Report Stops Price Slide

A day after the American Petroleum Institute pressured already stressed oil prices further with an unexpected inventory build, the Energy Information Administration reported instead that crude […]
December 28, 2018

Wall Street Sees Oil Price Recovery In 2019

Investment banks have had to recalibrate their oil price forecasts for next year after prices plunged by more than a third from early-October highs. As 2019 […]