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What's Affecting Oil Prices This Week (October 15, 2018)?

Brent and WTI have backed off recent highs. Brent fell $2.42/bbl last week to average $82.54/bbl.

Oct 15 2018 - 11:12am

Oil Prices Rise On Saudi Tension; Demand Outlook Drags

Crude oil futures rose on Oct. 15 as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries, though concerns over the long-term demand outlook dragged on prices.

Oct 15 2018 - 4:00am

IEA: World Oil Market Appears Adequately Supplied

The IEA said in its monthly report that the world’s spare oil production capacity was down to 2% of global demand with further falls likely.

Oct 12 2018 - 9:17am

Oil Edges Further Above $80 But Weaker Demand View Weighs

Oil edged further above $80/bbl on Oct. 12 as a rally in equities lent support, though prices pared most of their gain after a closely watched forecaster deemed supply adequate and the outlook for demand weakening.

Oct 12 2018 - 8:15am

HEADLINES: Hurricane Michael’s Effect On Oil, Gas Production

Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.

Oct 11 2018 - 2:25pm

OPEC Cuts Forecast For Global Oil Demand Growth In 2019

OPEC cut its forecast of global demand growth for oil next year for a third straight month on Oct. 11, citing headwinds facing the broader economy, and key consuming countries in particular, from trade disputes and volatile emerging markets.

Oct 11 2018 - 7:40am

BP Chief Says Oil, Gas Divestment Threatens Energy Security

BP launched a broadside against those calling for investors to sell out of oil and gas companies and warned this approach threatened energy security and the global economy.

Oct 11 2018 - 6:03am

Natural Gas Here To Stay Beyond Energy Transition, Big Oil Says

Energy companies are betting demand for natural gas will rise at breakneck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy.

Oct 9 2018 - 8:59am

What's Affecting Oil Prices This Week (October 8, 2018)?

Brent continued its meteoric rise, increasing $3.19/bbl last week to average $84.96/bbl.

Oct 8 2018 - 9:55am

US Actively Considering Waivers On Iran Oil Sanctions

The Trump administration is actively considering waivers on sanctions it will reimpose next month for countries that are reducing their imports of Iranian oil, a U.S. government official said on Oct. 5.

Oct 8 2018 - 8:48am


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