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Why the World Is Awash With Cheap Oil
Bloomberg Originals· 2026-01-30 09:00
This is oil. Well, actually, this is a mixture of black trial and vegetable glycerin, but it looks like oil. And while the real thing is being thrown around by geopolitical tumult from Iran to Venezuela, you can still buy a lot for comparatively little.>> The early days of 2025, oil prices were closer to $80 a barrel. >> Since then, there have been slumps and spikes. But still, an ounce of silver is now worth more than a barrel of oil.>> And the price of crude would be even lower if China hadn't soaked some ...
Citi expects oil prices to stay elevated despite oversupply risks
Reuters· 2026-01-28 22:37
Citi said on Wednesday that oil prices may stay elevated due to rising geopolitical risks, U.S. restrictions on Russian oil purchases and continued Chinese buying, even as markets entered the year exp... ...
X @Bloomberg
Bloomberg· 2026-01-26 10:48
Aramco is launching its first bond sale of the year, just as oil prices remain well below levels needed to balance Saudi Arabia’s budget https://t.co/cnCuOhtSZi ...
X @Bloomberg
Bloomberg· 2025-12-22 21:02
On today’s Big Take podcast: @alexlongley1 @JavierBlas explain why, despite global conflicts involving oil producers, oil prices are down and could fall even further https://t.co/3mv7kuBcBN https://t.co/Cw9tPHMjHG ...
X @Bloomberg
Bloomberg· 2025-12-22 20:56
On today’s Big Take podcast: @alexlongley1and @JavierBlas explain why, despite global conflicts involving oil producers, oil prices are down and could fall even further. https://t.co/iUekoZBZFc ...
U.S. tanker seizures target Maduro oil lifeline, MCC Global’s Michelle Caruso-Cabrera
CNBC Television· 2025-12-22 12:44
easy to look at right now. Oil prices up about one and a half percent. Um what are the broader implications of this for oil in particular if the US continues to blockade Venezuela and sees these tankers.>> So in the short term it removes oil from the markets, right. Which is helpful because we've seen the prices coming down. Um they don't produce that much, roughly a million barrels per day and they were less than 1% of exports.So it's not a huge impact, but it does reduce the amount of oil over the long te ...
X @Forbes
Forbes· 2025-12-16 15:55
Oil Prices Drop Below $60—Lowest Level Since Since Mayhttps://t.co/XeTka9odIv https://t.co/RSNFFSRN9Z ...
X @Bloomberg
Bloomberg· 2025-10-21 06:28
Falling oil prices may drive benchmark Treasury yields back to levels last seen more than a year ago, according to Wall Street research veteran Ed Yardeni https://t.co/oseFV8cySR ...
X @Investopedia
Investopedia· 2025-09-16 22:00
An uptick in oil prices helped boost stocks in the energy sector on Tuesday, Sept. 16, 2025, while enthusiasm waned around a potential media deal. https://t.co/B0uN6HeAIq ...
Oil gives back gains after U.S. strike: Here's why
CNBC Television· 2025-06-23 15:18
Oil Market Dynamics - Oil prices initially spiked following US strikes on Iran but later decreased [1] - US oil production direction is likely flat to down, despite potential incentives from higher oil prices [3] - Easing permitting processes in areas like Alaska could incentivize more drilling [6] - OPEC is adding 400,000 barrels a day, increasing global oil supply [7] Geopolitical Risks & Shipping - The Strait of Hormuz has never been closed, even during the Gulf War [8][9] - Increased risk in the Strait of Hormuz has led to shipping day rates rising from $24,000 to $100,000 per day [10] - Almost all exported Iranian oil is bought by China [11] - Potential disruptions could occur at Bab el Mandeb strait and the Suez Canal, in addition to the Strait of Hormuz [13] Iranian Oil & Sanctions - Iran exports 15 million barrels of oil a day, despite sanctions [15] - Disruption of the Strait of Hormuz would be economic suicide for Iran, as 90% of its oil is exported from Kharg Island [14]