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Oil Traders Overstretch Futures Market

Oil Traders Overstretch Futures Market

Traders have placed so many bullish bets that, according to Reuters' market analyst John Kemp, oil prices are due for a correction

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IEA: Net Zero Still Achievable If The World Slashes Fossil Fuel Demand

According to the IEA, the world could still limit global warming to 1.5 degrees Celsius if fossil fuel demand drops.

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OPEC+ Cuts Offset By Booming U.S. Oil Production

Despite a reduction in active drilling rigs, U.S. crude oil production is on track to set a monthly record in September, matching its previous high from November 2019.

1 day ago

Key Oil Pipeline May Spring Back To Life After Months-Long Stalemate

Talks are heating up between Iraq and Turkey about restarting a major oil flow, but not everything is as it seems.

1 day ago

Oil Demand Destruction In India Won’t Happen At $100 Per Barrel

India's oil demand has been resilient in the face of rising crude prices, and demand is expected to pick up toward the end of the year

1 day ago

Winter Gas Price Rally Unlikely Despite Recent Volatility

Gas prices are still expected to stabilise heading into winter despite a recent rise in spot prices on European benchmarks according to a number of energy experts

2 days ago

Fracking Fallout: Is America's Drinking Water Safe?

Fracking's long-predicted impact on groundwater has come to fruition in southern Ohio, where waste fluid has migrated upwards, highlighting broader concerns about the safety of America's drinking water.

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