Brent crude oil could hit $100 a barrel in 2022, according to BofA

CNBC Television published this video item, entitled “Brent crude oil could hit $100 a barrel in 2022, according to BofA” – below is their description. Francisco Blanch, head of global commodities and derivatives at Bank of America Merrill Lynch, joins ‘Closing Bell’ to discuss crude oil hitting $100 a barrel in 2022. CNBC Television YouTube … Read more Brent crude oil could hit $100 a barrel in 2022, according to BofA

Oil jumps after OPEC+ agrees to continue easing supply cuts

CNBC Television published this video item, entitled “Oil jumps after OPEC+ agrees to continue easing supply cuts” – below is their description. CNBC’s Brian Sullivan reports on the latest OPEC+ developments as WTI crude oil hits its highest level since 2018. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi … Read more Oil jumps after OPEC+ agrees to continue easing supply cuts

Suez Update: Giant Container Ship Finally Freed, Allowing Canal to Reopen

Bloomberg Quicktake: Now published this video item, entitled “Suez Update: Giant Container Ship Finally Freed, Allowing Canal to Reopen” – below is their description. The Ever Given container ship stuck in the Suez Canal was finally pulled free, allowing the crucial trade route to reopen to traffic. The vessel is now fully afloat, the Suez … Read more Suez Update: Giant Container Ship Finally Freed, Allowing Canal to Reopen

Giant Ship in the Suez Finally Freed, Allowing Canal to Reopen

Bloomberg Quicktake: Now published this video item, entitled “Giant Ship in the Suez Finally Freed, Allowing Canal to Reopen” – below is their description. The Ever Given container ship stuck in the Suez Canal was finally pulled free, allowing the crucial trade route to reopen to traffic. The vessel is now fully afloat, the Suez … Read more Giant Ship in the Suez Finally Freed, Allowing Canal to Reopen

Latest efforts to free massive ship from Suez Canal fail – Here are the next steps

CNBC Television published this video item, entitled “Latest efforts to free massive ship from Suez Canal fail – Here are the next steps” – below is their description. The massive ship has been blocking Egypt’s Suez Canal for the fourth day. It’s creating a traffic jam for more than 200 vessels. The U.S. Navy is … Read more Latest efforts to free massive ship from Suez Canal fail – Here are the next steps

Suez Canal: Dozens of Ships Gridlocked Despite Efforts to Free Stuck Vessel

Bloomberg Quicktake: Now published this video item, entitled “Suez Canal: Dozens of Ships Gridlocked Despite Efforts to Free Stuck Vessel” – below is their description. Rescue teams are working to dislodge a giant vessel from the Suez Canal in an effort to get traffic moving again in one of the world’s most important waterways. The … Read more Suez Canal: Dozens of Ships Gridlocked Despite Efforts to Free Stuck Vessel

Oil prices have risen 38% in the past year — Here’s what may be next

CNBC Television published this video item, entitled “Oil prices have risen 38% in the past year — Here’s what may be next” – below is their description. The global benchmark Brent crude futures popped on Monday, briefly moving above $70 a barrel for the first time in more than a year. The surge in oil … Read more Oil prices have risen 38% in the past year — Here’s what may be next

U.S. Energy Crisis Sees 5 Million People in the Dark

Bloomberg Markets and Finance published this video item, entitled “U.S. Energy Crisis Sees 5 Million People in the Dark” – below is their description. Feb.16 — Brent crude edging higher today after closing at its highest in almost 13 months as a deepening energy crisis in the U.S. disrupted crude production and forced the shutdown … Read more U.S. Energy Crisis Sees 5 Million People in the Dark

Futures in Focus: Brent Crude, Metals and U.S. Dollar

Bloomberg Markets and Finance published this video item, entitled “Futures in Focus: Brent Crude, Metals and U.S. Dollar” – below is their description. Jan.08 — In this edition of “Futures in Focus,” Bloomberg’s Alix Steel and Guy Johnson examine crude oil and metals prices, and the impact of a stronger U.S. dollar on commodities. They … Read more Futures in Focus: Brent Crude, Metals and U.S. Dollar

Blast at Saudi Port Hits Oil Tanker as Red Sea Attacks Mount

Bloomberg Quicktake: Now published this video item, entitled “Blast at Saudi Port Hits Oil Tanker as Red Sea Attacks Mount” – below is their description. A ship was hit by an explosion at the Saudi Arabian port of Jeddah, as attacks in the Red Sea mount. An “explosive-laden” boat struck a fuel tanker early on … Read more Blast at Saudi Port Hits Oil Tanker as Red Sea Attacks Mount

Oil Range From $39 to $45 for Next Month: Daman Investments

Bloomberg Markets and Finance published this video item, entitled “Oil Range From $39 to $45 for Next Month: Daman Investments” – below is their description. Oct.06 — Ali El Adou, head of asset management at Daman Investments, discusses the recent rally in Brent crude and what a Biden victory in the U.S. would mean for … Read more Oil Range From $39 to $45 for Next Month: Daman Investments

Putin Ends Russian Virus Lockdown, Urges Caution on Easing

Russian President Vladimir Putin ended his national stay-at-home restrictions against the coronavirus after six weeks, while putting responsibility for easing the measures on regional leaders, even as the number of infections in Russia surges past most European countries. “The period of non-working days for all of Russia and all economic sectors comes to an end,” … Read more Putin Ends Russian Virus Lockdown, Urges Caution on Easing

Brent Crude to Stay in $30 Range in 3Q, Goldman Sachs Says

May.12 — Brent oil is likely to remain in the $30 a barrel range in the third quarter, and rise to the $40 range in the fourth quarter, as storage draws down, according to Jeff Currie, global head of commodities research at Goldman Sachs. He also comments on the outlook for gold in an interview … Read more Brent Crude to Stay in $30 Range in 3Q, Goldman Sachs Says

How Mexico Could Make $6 Billion From Negative Oil Prices

Mexico is on track to cash in on a $6 billion windfall once its massive insurance program against low oil prices kicks in following a dramatic plunge in prices, President Andres Manuel Lopez Obrador said on Wednesday. For the past two decades, Mexico has locked in its oil revenue via put options it buys from … Read more How Mexico Could Make $6 Billion From Negative Oil Prices

Oil prices remain volatile after record-breaking negative plunge

Oil prices remain turbulent, a day after turning negative for the first time in history. The coronavirus pandemic and lockdowns around the world have seen demand for oil dry up, and storage space is running low. Analysts say the international benchmark, Brent crude, is a better reflection of the current state of the market, but … Read more Oil prices remain volatile after record-breaking negative plunge