Oil

Glut May Push Oil Prices Down Further For those of you waiting for the inevitable rebound in oil prices, you might be waiting a while longer. Global energy markets are still holding out for a much bigger contraction in oil supplies before the oil price rallies, but the…

Higher Oil Prices Are Coming in 2016 Last week, the Organization of the Petroleum Exporting Countries (OPEC) sent a clear message that it does not intend to alter its strategy from the past 12 months. OPEC will keep producing oil at its highest possible output in order to…

T. Boone Pickens Sees a Rebound in Oil Prices Oil prices hit their seven-year lows on Monday, but oil bull T. Boone Pickens is standing by his $70.00 oil forecast. Oil prices have continued to tank as one OPEC (Organization of the Petroleum Exporting Countries) meeting after the…

Oil Investors Drowning in Sea of Crude Crude oil prices are testing new lows this week, as the bad news keeps piling up for the global energy sector. With the Organization of the Petroleum Exporting Countries (OPEC) deciding not to reduce oil production during its December 4 meeting…

Oil Prices Slide on Oil Production Increase OPEC (read: Saudi Arabia, the Middle East’s “sugar daddy”) continues to snub the global economy as it smugly holds to its steadfast philosophy of seeking—nay, overreaching its share of a supersaturated oil market in the face of a weak oil economy.…

Hedge Funds May Be Messing with Oil Prices It wasn’t too long ago that analysts covering oil prices were riding high on a wave of optimism, with various predictions of crude hitting $200.00 per barrel during the financial crisis in 2008–2009. Back then, commentators were unabashed in placing…

Oil Price Forecast Is Bullish for Crude in 2016 The majority of oil price forecasts remain pessimistic in the sense that they expect oil prices to remain at current levels, drop below $30.00 a barrel in 2016, or shoot back toward the $100.00 mark. The key is what…

Just How Low Can Oil Prices Go? Oil prices broke through a pivotal barrier several times this week, as crude oil briefly sunk below $40.00 per barrel. With a variety of negative factors heavily weighing down on the oil price forecast, it looks as if things will get…

Tanking Oil Prices, Oversupply, and Japanese Economy to Blame The global oil price forecast was supposed to be miserable this week, as the terrorist attacks in Paris and Lebanon raised the stakes for much wider geopolitical conflict in Syria and elsewhere. There was certainly no shortage of market…

Supply and Demand Imbalance, Rising Oil Stockpiles to Blame The oil price rally everyone has been talking about has not materialized. And if recent reports are to believed, we may not see a balancing out in oil markets for a long time to come. It always comes down…

Analysts Need to Cut Their WTI Oil Price Forecasts for 2016 Prices for West Texas Intermediate (WTI), a key U.S. energy benchmark, are getting hammered in the markets again. Surging oil production, growing stockpiles, and economic volatility continue to hammer oil prices. Could we be standing on the…

Growing Supplies, Weak Demand Spells Bad News for Oil Prices A few years ago when oil prices were above $100.00 a barrel, job seekers found their way to the Bakken oil fields in North Dakota, discovering new found wealth. Low-level service jobs were paying $50,000 per year and…

Natural Gas Prices Tank to Lowest Levels in 3+ Years Investors in natural gas usually get warmed up this time of year. With winter just around the corner, thoughts of shivering consumers burning up the midnight oil is enough to get some investors excited. The current rout being…

This Should Keep Oil and Gas Investors Up at Night, Says Jim Chanos Famous short-seller Jim Chanos, who’s often referred to as the “China Bear” for making a correct call on China’s economic troubles way before the market picked up on them, is now making very vocal bearish…

Here’s Why I’m Dialing Back My WTI Oil Price Forecast in 2016 If oil price volatility has done nothing else these last few weeks, it has proven that short-term rallies come and go but the downward price trend will continue. It was only a month ago that oil…

Iran Is Entering the Oil and Gas Market; Here’s How It Will Impact Oil Prices Iran’s grand return to the global oil and gas market could push the Organization of the Petroleum Exporting Countries (OPEC) to change its strategy and slash production in order to prevent oil prices…

Oil Prices Could Hit $70.00 Per Barrel, Says T. Boone Pickens Collapsing U.S. energy production could spark shortages, sending oil prices as high as $70.00 per barrel early next year. At least, that’s the latest oil price forecast from famed energy investor T. Boone Pickens. The one commodity…

Less Supply Drives Oil Price Surge In a surprising show of unity, the United States, Russia, and Saudi Arabia agreed to cooperative cutbacks in oil production, at least for the near future. Markets responded enthusiastically to the improved outlook for oil prices, pushing up spot prices across various…

Oil Price Forecast: This Could Send Oil Prices to $100 Oil prices are rising on the commodities market in response to tensions between the United States and Russia over Syria. The WTI gained 2.4% to hit $46.25 a barrel while Brent rose 2.5%, returning to over $49.39. The…