Oil price calls aren't looking great for crude producing countries

Oil price calls aren’t looking great for crude producing countries

It’s fair to say that oil price predictions among banks and energy consultancies for the next year are a little scattered. Forecasters see the price of international oil benchmark Brent crude at anywhere between $59 to $70 per barrel for 2020, based on varying projections for supply, global demand and whether OPEC’s latest production cut … Read more…

Crude oil prices and energy stocks are diverging in 2019

Crude oil prices and energy stocks are diverging in 2019

An unusual divergence is occurring in the energy space. Crude oil prices and energy stocks, often in lockstep, have split apart this year. As crude prices have risen nearly 30% in 2019, the XOP oil & gas exploration and production ETF has fallen 20%. Mark Newton, president of Newton Advisors, says it’s too tough to … Read more…