Brent Crude Archives - CFO

OPEC Cuts Demand Forecasts

OPEC Cuts Demand Forecasts

The group cited surging supply and stress in the global economy.

By Lauren Muskett | November 5, 2019

Oil Prices Spike After Saudi Attacks

Oil Prices Spike After Saudi Attacks

The energy price shock was felt through global markets.

By Lauren Muskett | September 16, 2019

Oil Prices Dip Into Bear Market Territory

Oil Prices Dip Into Bear Market Territory

The price of WTI crude fell for the 10th consecutive session, the longest streak of declines since 1984.

By William Sprouse | November 9, 2018

Iran Deal Concerns Push Oil Prices Above $70

Iran Deal Concerns Push Oil Prices Above $70

“It is mostly a fundamentals-driven market, but the icing on the cake is the worry about Iran."

By Matthew Heller | May 7, 2018

Oil Prices Fall on Supply Fears

Oil Prices Fall on Supply Fears

U.S. shale drilling is seen as a major culprit in the oversupply.

By William Sprouse | June 20, 2017

Oil Prices Fall as Crude Stocks Hit New Record

Oil Prices Fall as Crude Stocks Hit New Record

The price of the benchmark crude dropped to the lowest level since OPEC countries agreed to cut output by 1.8 million bpd in the first half of 2017.

By Matthew Heller | March 23, 2017

One Industry’s Earnings Are Flying High

One Industry’s Earnings Are Flying High

This year will be the second in a row — and only the second in history — in which airlines will make an aggregate return in excess of their cost of capital.

By Katie Kuehner-Hebert | June 7, 2016

New Iran Supplies Will Add to Oil Price Pressures

New Iran Supplies Will Add to Oil Price Pressures

The oil markets could be left with a surplus of 1.5 million barrels a day in the first half of 2016, says the IEA.

By Katie Kuehner-Hebert | January 19, 2016

Moody’s Slashes 2016 Forecast For Oil Prices

Moody’s Slashes 2016 Forecast For Oil Prices

Moody's lowers its price assumptions for next year for crude oil benchmarks.

By Katie Kuehner-Hebert | December 15, 2015

Oil Prices Slide To New Lows on ‘Bearish’ Data

Oil Prices Slide To New Lows on ‘Bearish’ Data

With demand from China slowing and a supply glut continuing, prospects of a price rebound in the second half of 2015 have "evaporated."

By Katie Kuehner-Hebert | August 3, 2015

Oil Prices to Fall Through 2016 Until Supply Rebalances

Oil Prices to Fall Through 2016 Until Supply Rebalances

Low prices and large inventories are not stopping OPEC from adding to the glut of crude oil.

By Katie Kuehner-Hebert | July 10, 2015

Crude Stocks Curtailing Oil’s Rebound

Crude Stocks Curtailing Oil’s Rebound

Robust U.S. oil production and other factors are causing crude inventories to soar, setting the stage for another drop in oil prices.

By Katie Kuehner-Hebert | March 13, 2015

Oilfield Writedowns Predicted Amid Price Plunge

Oilfield Writedowns Predicted Amid Price Plunge

Citigroup says falling oil prices are exposing projects that were either poorly executed or bad ideas to begin with.

By Matthew Heller | January 6, 2015

OPEC Cuts Demand Forecast But Keeps Production Targets

OPEC Cuts Demand Forecast But Keeps Production Targets

OPEC says crude oil demand will drop to 28.92 million barrels per day in 2015, more than 1 million bpd less than it currently produces.

By Matthew Heller | December 10, 2014

Unsustainable Energy

Unsustainable Energy

The price of oil has been tumbling. The cost of finding it has not.

By Economist Staff | October 13, 2014