Daan Struyven, Goldman Sachs' head of oil research, discusses the conditions in which that might happen.
Analysts have identified Iran's Gulf Star refinery and Kharg Island export terminal as potential high-impact targets amidst heightened Middle East tensions. Recent updates suggest Iran has evacuated a
If Persian Gulf oil shortages appear due to escalating Iran-Israel conflict, undervalued energy equities could prove an amazingly successful investment soon. U.S. crude oil inventories are much lower
The effects of Middle East turmoil are small so far, but could spike if Israel targets Iran's oil facilities, Patti Domm writes in a guest commentary.
The crude oil market bounced a bit during the week, as the market continues to bounce back and forth in a well-defined range that we have seen over the last two years. With this, I suspect this is a m
Despite geopolitical tensions, the market remains resilient due to strong fundamentals and the resolution of the dockworkers' strike with a 62% pay increase. The 8% rise in crude oil prices is a conce
The crude oil market rallied again in the early hours of Friday, as we continue to see a lot of pressure to the upside, and reaction to the increasingly dangerous situation in the Middle East. At this
Though oil prices have surged this week on geopolitical tensions, they have risen from a low baseline.
The only truly predictable thing about predicting oil prices is that they are stubbornly unpredictable. Anyone able to accurately and consistently predict the direction of oil prices would soon become
Oil futures added to gains Friday, on track for a sharp weekly rise as traders awaited Israel's response to a missile attack by Iran earlier this week.
Goldman Sachs warns of a potential $20 oil price spike if Iran's production is hit, as tensions in the Middle East escalate, driving crude futures higher.
The price of oil has soared this week as the escalation of hostilities raised the possibility Middle East oil supplies could be disrupted. Israel and Iran, as well as Tehran's proxies in Lebanon, G
President Joe Biden on Thursday told reporters he was discussing possible Israeli strikes on Iranian refineries, further unsettling the market.
"The National Iranian Tanker Company (NITC) appears to be fearing an imminent attack by Israel," one tanker tracking firm wrote. Fifteen miles off Iran's northwestern coast, the Kharg Island terminal
During the early European trading session, oil prices stabilized after a surge of 5% due to rising concerns about potential Israeli retaliation against Iranian oil facilities. Brent crude and WTI crud
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