News

UBS cuts oil price forecast, sees Brent sliding to $62/bbl by end-2025

UBS on Monday lowered its oil price forecasts, expecting Brent to remain near the upper end of the $60–$70/bbl range for now, ...
Oil & Gas Journal17h

EIA forecasts steep drop in Brent crude prices in coming months

The Energy Information Administration predicts a significant drop in global oil prices, with Brent crude falling from $71 to ...

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows As Crude Inventories Rise

In case natural gas manages to settle above the $2.80 level, it will head towards the resistance at $3.00 – $3.05. WTI oil ...
Emirates News Agency on MSN38m

Kuwait oil price drops to $68.68 pb

The price of Kuwaiti oil fell by US$1.10 to US$68.68 per barrel (pb) on Wednesday, down from Tuesday’s US$69.78, according to the Kuwait Petroleum Corporation (KPC).Brent crude futures declined 49 ...

Key Oil Marker Highlights Import Shifts as US Pressures India

A closely-monitored oil market metric that tracks the strength of Middle Eastern crude versus global benchmark Brent ...
Nairametrics4m

Latest Oil price slide, output shortfall threatens Tinubu’s fiscal plans, election budget

Nigeria’s fiscal stability faces renewed pressure as global oil prices fall and crude production continues to trail official targets, heightening ...

Crude oil futures rise ahead of Trump-Putin meeting

Crude oil futures traded higher on Thursday morning ahead of a meeting between the US and Russian Presidents scheduled for ...

Oil prices slip as industry faces record surplus next year

Oil prices slipped on Wednesday as investors perceived the risk of an industry glut. West Texas Intermediate ( CL=F) futures fell as much as 1.6% to hover above $62 per barrel. Brent crude ( BZ=F ), ...

Oil Futures End Lower as IEA Adds to Oversupply Worries

Crude futures posted back-to-back losses after the IEA boosted its supply-growth estimates and cut its demand growth forecasts for this year and next.