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HomeCrude Oil News

Crude Oil News

oil and money - King Operating
Crude Oil News

Oil edges up on forecasts for tight supplies

July 25, 2021 Stu Turley

Oil prices edged higher on Friday and for the week after a strong recovery from Monday’s steep slide, underpinned by expectations that supply will remain tight through the year. The price of oil and other […]

Crude Oil News

Saudi-UAE Split Won’t End Until the World Goes Green -Opinion

July 25, 2021 Stu Turley

The friction between Saudi Arabia and the United Arab Emirates that had held oil markets hostage finally ended last week, with an announcement that the Emirati quota from which production cuts are calculated will be […]

saudi energy Minister prince abdulaziz bin salman
Crude Oil News

The Saudi Prince of Oil Prices Vows to Drill ‘Every Last Molecule’

July 23, 2021 Stu Turley

The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of the plane can carry about 260 passengers. Inside this one, Saudi Energy Minister Prince Abdulaziz bin Salman and […]

Commodities

Eric Nutall says: The Bull Market Will Last 4-6 Years – We agree – but will be 8 to 10 years

July 22, 2021 Stu Turley

Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg to discuss his outlook for the oil sector. He says we are in a structural bull market for oil that will conclude […]

Commodities

Oil and Gas Volatility Is Short Term – The Oil Majors Fleeing The Market Will Change The World

July 22, 2021 Jay R. Young

The US oil price fell more than six percent on Monday, a day after Saudi Arabia and the UAE reaching an agreement to increase output.  With surging Covid cases threatening economic recovery, stock markets slumped. […]

Crude Oil News

Halliburton sees ‘multi-year upcycle’ as oil services return

July 21, 2021 Stu Turley

For the first time in seven years, Halliburton Co., the biggest provider of fracking services, is expanding in both U.S. and foreign markets as spending recovers in the global energy industry. “The economy feels more […]

BHP - EnergyNewsBeat
Crude Oil News

BHP Said to Mull Oil Exit in Retreat From Fossil Fuels

July 20, 2021 Stu Turley

BHP Group is considering getting out of the oil and gas business, and the exit could be worth $15 billion, according to people familiar with the matter. The mining giant wants to make the move […]

IEA - ENB
Crude Oil News

Alarm Grows on Iran Nuclear Program Among Sidelined Monitors

July 19, 2021 Stu Turley

International monitors are watching Iran’s fast-expanding nuclear program with growing alarm, as Tehran refuses to extend an expired inspections pact and insists the experts must trust that it’s accurately documenting uranium-enrichment activities. Iran claims it’s […]

US Oil - EnergyNewsBeat
Commodities

US oil tumbles over 6 percent as markets tank

July 19, 2021 Stu Turley

The US oil price tumbled more than six percent Monday, a day after producers decided to increase output and as stock markets slumped with surging Covid cases threatening economic recovery. The benchmark US crude contract, WTI, was […]

Commodities

The Bulls vs the Bears on Oil Prices with the OPEC + deal signed – Experts are split – Who is right?

July 19, 2021 Stu Turley

Well, we are in historic times with pandemics, countries printing money, and inflation. If that does not make your head hurt, commodities pricing will. The important deal with OPEC + and the UAE is an […]

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