There seems to be enough market evidence to indicate $80 oil by the summer.
The International Energy Agency still doesn't see growth stopping.
The prevailing uncertainty in the oil market abetted by OPEC production cuts, the U.S. sanctions on Venezuela oil and other factors can snowball into an energy crunch and impact oil price, warned an industry expert.
With oil demand growth slowing, it's entirely possible that U.S. production alone will increase more than global demand in the next few years.
As the rhetoric from the United States gets harsher and oil prices remain weak, Iran is finding some respite by selling larger amounts of crude oil to China and India.
The OPEC oil ministers began arriving in Vienna on Tuesday ahead of their official meeting Friday, which will also include discussions with Russia.
President Donald Trump announced in March the United States would slap a 25 percent tariff on imported steel, and a 10 percent tariff on imported aluminum.
The Nord Stream 2 project will double the amount of natural gas Russia can funnel directly to the heart of Europe.
Jim Ratcliffe topped the Sunday Times Rich List 2018 with an estimated worth of £21.05bn.
Government says drop in Chinese demand could spell very bad news for the industry.
The past 12 months have been largely positive for the stock markets, but the macroeconomic scenario appears increasingly uncertain as we enter 2018.
However, sugar cane diversion to ethanol production in Brazil means global prices remain high.
Industry will remain a focus of increasingly stringent decarbonisation policies as nations address their climate goals.
Growth in demand, rising profits and regulatory support bodes well for the industry, according to a new report.
Russian and Saudi oil ministers came together to drive an extension of output cuts for another 12 months in line with market expectations.
Mohammed Saleh Al-Sada tells IBTimes UK that global crude demand remains healthy and the market is rebalancing.
Russia's participation is less than certain after Kremlin expresses concern about length of the proposed extension.
Having spent the last 10 years covering Opec, the IBTimes Business Editor provides a peek inside the 'central bank of oil'.
Crude futures slide on perceived uptick in US production and Russian reluctance to go along with cartel.
Falling demand and lower wholesale gas prices would cut power prices, research suggests.