Bank Of America Sees Oil Prices Heading Toward $90 This Year | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – May 19, 2023, 8:13 AM CDT Bank of America believes oil...Continue Reading

Oil Majors Face Tough Choices Ahead Of Shareholder Meetings | OilPrice.com Premium Content By Editorial Dept – May 19, 2023, 6:30 AM CDT 1. OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment – OPEC+ compliance with its collective targets keeps on worsening with the 19 members underperforming by 2.6 million b/d, just as the oil alliance...Continue Reading

Russia And Iran Plan To Challenge The Suez Canal With New Trade Corridor | OilPrice.com Premium Content By Editorial Dept – May 19, 2023, 6:30 AM CDT Politics, Geopolitics & Conflict While the battle rages on in Sudan between the military and a paramilitary group called the Rapid Support Forces (RSF), the big question for...Continue Reading

Why The Market Didn’t React To The Latest SPR News | OilPrice.com Premium Content By Editorial Dept – May 19, 2023, 6:30 AM CDT On Monday, the US Department of Energy announced that it will begin buying crude oil to restock the Strategic Petroleum Reserve (SPR), the level of which hit a multi-decade low last...Continue Reading

Bearish Sentiment Keeps Traders From Going Long On Crude | OilPrice.com Premium Content By Editorial Dept – May 19, 2023, 6:30 AM CDT The June WTI crude oil futures contract witnessed fluctuations throughout the week, responding to various factors. Despite solid U.S. economic data that fueled a stronger dollar and raised expectations of an interest...Continue Reading

By Editorial Dept – May 19, 2023, 6:30 AM CDT With Turkey’s presidential and parliamentary elections heading into a run-off vote on May 28th, Erdogan has the new god of selective censorship (Elon Musk on his Twitter throne) on his side, and he could end up winning the second-round vote with a stability argument. Financial...Continue Reading

New Mexico Accounted For 50% Of U.S. Oil Production Growth In 2022 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 19, 2023, 5:00 AM CDT New Mexico, home to...Continue Reading

China Steps Up Inspections On Old Oil Tankers | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 19, 2023, 4:09 AM CDT As the number of old oil tankers shipping...Continue Reading

ClientEarth Asks High Court To Reconsider Its Case Against Shell | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 19, 2023, 3:05 AM CDT ClientEarth, the environmentalist group that tried to sue...Continue Reading

Oil Prices Set For Their First Weekly Gain In A Month | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – May 19, 2023, 2:15 AM CDT Oil prices are on course for their...Continue Reading