Tag: OIL PRICES

HSBC sees oil prices rising on geopolitics

Oil prices could see further gains in 2026 as geopolitical risks continue to fuel volatility, HSBC said, although the bank added that market fundamentals should cap rallies and keep prices anchored in the mid-$60s range

Goldman Sachs sees lower oil prices in 2026

Oil prices are likely to fall this year as a wave of supply creates a surplus in the market, although geopolitical risks linked to Russia, Venezuela and Iran will continue to fuel volatility, Goldman Sachs said

Trump says Russia will abandon war if oil prices fall

U.S. President Donald Trump renewed his call for European countries to stop buying Russian oil, arguing that Russia will abandon the war in Ukraine if crude prices drop

Oil prices drop as OPEC+ weighs another output hike

Oil prices fell by about 2% ahead of a weekend meeting of OPEC+ producers that is expected to consider another increase in production targets in October

Trump once again calls for OPEC to drop oil prices

U.S. President Donald Trump reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia’s finances and help bring an end to the war in Ukraine

Oil settles up after US crude stocks fall

Oil prices settled higher after U.S. crude inventories fell and the U.S. Federal Reserve cut interest rates as expected, but gains were capped as the Fed signalled it would slow the pace of cuts

Oil prices rise sharply after Russia’s attack on Ukraine

Oil prices rose as Russia and Ukraine exchanged missile strikes, overshadowing the impact of a larger-than-expected increase in U.S. crude inventories

Indian oil minister hopes global oil prices will come down

India’s oil minister hopes that global oil prices will come down despite geopolitical tensions as more supplies are coming into the market

Traders see prices at $60-70/bbl on oversupply, China demand risks

Global commodity traders Gunvor and Trafigura anticipate oil prices may range between $60 and $70 per barrel due to sluggish demand from China and persistent global oversupply, executives told a conference

Oil drops amid imminent reactivation of Libyan supply

Oil prices plummeted, erasing their gains for the year, after a deal to restore Libyan supplies shifted market focus back to concerns about weak global crude demand