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By Scott Disavino Brent and WTI down about 2% this week EU loans Ukraine 90 billion euros for defense Central banks signal possible change in stance on interest rates NEW YORK, Dec 19 (Reuters) – Oil prices were little changed on Friday as the market waits for news about a possible Russia-Ukraine peace deal and …
Oil Prices Little Changed as Market Waits for News on Possible Russia-Ukraine Peace Read More »
Brent crude oil is expected to average $65 per barrel next year, Barclays said on Thursday, while projecting a supply surplus for the year. “We expect a 1.9 million barrels per day surplus next year, but inventories remain low and builds continue to surprise to the downside,” Barclays said in a note. It added that …
Brent Should Average $65/Bbl in 2026, Barclays Says Read More »
(Reuters) – U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, as expectations mount of a global supply glut. The agency raised its forecast for 2025 oil production by 20,000 to average 13.61 million barrels per day in 2025, the highest on …
EIA Lifts 2025 US Oil Output Forecast to a Record High as Supplies Swell Read More »
By Yagnoseni Das Dec 10 (Reuters) – Shares of GE Vernova (GEV.N) surged to a record high on Wednesday after the power-equipment maker forecast higher revenue for 2026 and raised its buyback program by $4 billion. Surging electricity demand from artificial intelligence and other data-heavy industries is driving strong growth across the company’s grid and …
GE Vernova Hits Record High on Bullish 2026 Revenue Outlook, Buyback Boost Read More »
Morgan Stanley on Monday raised its Brent crude forecast for the first half of 2026 to $60 a barrel from $57.5, citing the decision by OPEC+ to pause quota hikes in the first quarter of next year and recent U.S. and EU sanctions on Russian oil assets. The bank expects a “substantial surplus” in the …
Morgan Stanley Lifts H1 2026 Brent Forecast to $60 on OPEC+ Pause, Russia Sanctions Read More »
(Reuters) – Bank of America on Wednesday said that if U.S.-China trade tensions intensify while OPEC+ production ramps up, Brent prices could slip below $50 a barrel. The bank maintained its Brent forecast at $61 a barrel for the final quarter of 2025 and $64 a barrel for the first half of 2026, citing a …
BofA Says US-China Trade Tensions, OPEC+ Output Boost Could Push Brent Below $50 Read More »
Summary OPEC+ opted for modest hike due to glut concerns, sources say OPEC and non-OPEC supply rising Supply to far exceed demand in 2026 -Reuters poll (Reuters) – OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, sources within the group said, as non-OPEC …
As Oil Glut Fears Mount, OPEC+ Restrains Output Rises for Now Read More »
(Reuters) – HSBC expects a big oil surplus of 1.7 million barrels per day (mbd) from the fourth quarter of 2025, and a surplus of 2.4 mbd in 2026, exacerbated by the return of OPEC+ barrels over the next 12 months, it said in a note on Monday. At its meeting this month, OPEC+ opted …
HSBC Sees Downside Risk to 2026 Brent Crude Oil Price Forecast Read More »
Summary Quick Russia-Ukraine ceasefire deal very unlikely, analysts say Global oil demand seen growing between 0.5-1.1 mbpd in 2025 (Reuters) – Oil prices are unlikely to gain much traction from current levels this year as rising output from top producers adds to the risk of a surplus and U.S. tariff threats curb demand growth, a …
Oil Faces Uphill Struggle as Supply Glut Worries Mount Read More »
Goldman Sachs on Sunday reiterated its oil price forecast with Brent averaging $64 per barrel in the fourth quarter of 2025 and $56 in 2026, but expects an increasing range of risks to its baseline estimates from recent developments.“Increasing pressure on Russia and Iran sanctioned oil supply poses an upside risk to our price forecast, …
Goldman Keeps Brent Oil Forecast, but Flags Downside Risks to Demand Read More »
