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Oil prices are unlikely to reach $60 per barrel anytime soon as hawkish forecasters continue to ignore the "elephant in the room", a senior economist told CNBC Wednesday.
The global outlook for oil markets in 2018 could crush hopes for higher prices, according to the latest monthly report from the IEA.
Indonesian Finance Minister Sri Mulyani Indrawati said the agreement with Freeport-McMoRan could be executed before 2018.
Nearly two-thirds of U.S. oil executives see crude oil prices remaining below $60 per barrel through 2018.
BNP Paribas CEO Jean-Laurent Bonnafe said his bank would support a sustainable-energy transition.
China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world's reserve currency, a leading economist told CNBC on Monday.
OPEC General Secretary, Mohammed Barkindo, called on U.S. shale oil producers to help support plans to curb global oil supply on Tuesday.
Last month, he told CNBC crude oil could hit $55 a barrel.
Oil production slowed to a trickle in the Gulf of Mexico as energy firms turned off the taps in preparation for Hurricane Nate.
Jim Cramer dug up one big worry on his mind amid the market surging to new highs.
Jim Cramer sat down with Patterson-UTI Energy Executive Chairman Mark Siegel for an update on the oil patch.
The chief executive of Russia's sovereign wealth fund has denied that forming closer energy ties with Saudi Arabia is about politically sidelining Washington.
Oil prices were higher on Thursday on expectations that Saudi Arabia and Russia would extend production cuts.
OPEC's production cut has seen broad compliance, Russia Energy Minister Alexander Novak told CNBC.
The Interior Department will propose a one-year delay to methane emissions rules while it considers weakening or rescinding the measures.
Moscow could be "the preeminent energy super power" by exploiting geopolitical tension in distressed petrostates, RBC Capital Markets warns.
Russian President Vladimir Putin said on Wednesday a deal between OPEC and other oil producers to reduce production could be extended to the end of 2018.
A lack of avenues into buying and selling lithium is an issue that has led some investors to believe a lithium futures contract might one day be possible.
The oil price rally is driven by fundamentals and can boost U.S. crude to $54 a barrel this quarter, Ed Morse said.
Trump’s decision to withdraw from the Paris climate deal has “ignited” widespread environmental activism, promoter Bob Geldof says.
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