Oil Prices Fall 3% Without Real Change in Fundamentals – OilPrice.com
Julian Geiger – September 10, 2024, 10:18 AM WTI crude oil was down 3.78% to $66.11 per barrel on Tuesday morning. Brent crude prices fell below $70 a barrel for the first time since 2021. The fundamentals have not changed enough to justify a big price drop. Oil prices fell again […]
Oil Prices Tumble as Traders Turn Bearish – OilPrice.com
Rising global crude supplies and weaker-than-expected demand have made traders increasingly bearish on oil prices. Hedge funds and other asset managers accelerated selling of the most-traded oil futures contracts in the latest reporting week that ended Sept. 3. Portfolio managers cut their overall net long positions — the difference between bullish and bearish bets — […]
University funding from fossil fuels slowing switch to green energy – report | Oil and gas companies
Fossil fuel companies' funding of climate-focused initiatives at universities is slowing the green transition, according to the largest peer-reviewed study to date of industry's influence on academia. About the research published in the journal “WIREs Climate Change” Six researchers on Thursday scrutinized thousands of academic papers on industry research funding from the past two decades, […]
Houthis Air Video Allegedly Showing Invasion, Bombing of Greek Oil Tanker
Ansarullah, the Shiite jihadist terrorist group known as the Houthis, released a video on Thursday that it claimed showed its members boarding a Greek-flagged oil tanker. Sunion ” he shouted as he set off the bomb.Allah Akbar.” The Houthis took control of Yemen's capital, Sana'a, and launched a terrorist campaign to disrupt commercial shipping in […]
Houthi-Bombed Greek Tanker Larger than Exxon Valdez Disaster Ship Spilling Oil into the Red Sea
The Pentagon said Tuesday that a Greek-flagged oil tanker Sunion, The ship, which was left abandoned in the Red Sea following a pirate attack by Iran-backed Houthi terrorists from Yemen on August 21, appears to be leaking oil, which could be a harbinger of a much-feared environmental disaster. of Sunion It was en route from […]
Risk of ‘extremely serious’ oil spill grows in Red Sea following attack
International shipping authorities are extremely concerned about the possibility of an environmental disaster in the Red Sea following an attack on a tanker carrying around one million barrels of crude oil. According to the US military, the Greek-flagged MV Delta Sounion was attacked by sailors from the Iran-aligned Houthi rebel group in Yemen last Wednesday […]
Russia-Ukraine war live: Ukrainian drone attack sparks fire at Rostov oil depot | Russia
Rescue workers found more bodies in the wreckage of the hotel. Kryvyi Rikh Ukraine's national emergency service said on Telegram that it had been hit by a rocket attack on Tuesday. A total of four people were killed and five injured in the attack.
U.S. Crude Oil, Product Inventories Present A Clean Sweep Of Draws – OilPrice.com
U.S. crude oil inventories fell by 3.4 million barrels in the week to Aug. 23, according to the American Petroleum Institute. Analysts had been expecting a fall of 3 million barrels. API reported that crude oil inventories increased by 347,000 barrels last week. So far this year, crude oil inventories are down 2.642 million barrels, […]
ExxonMobil Expects Little Change in Oil Demand over Next 25 Years
ExxonMobil released a report on Monday predicting that oil demand will “plateau” in 2030 and then remain relatively stable for the next two decades — a prediction that's at odds with the political talk of a “green energy transition.” ExxonMobil's “plateau” in oil demand Calculated At 102.2 million barrels per day, this is roughly the […]
Greek Oil Tanker that Iran-Backed Houthis Hit Becomes ‘Ecological Disaster’ in Red Sea
US Ambassador to the United Nations Linda Thomas-Greenfield on Sunday condemned Iranian-backed Houthi terrorists in Yemen for attacking a Greek oil tanker and causing “an environmental disaster with devastating consequences for the region.” Thomas Greenfield said The United Nations Security Council (UNSC) should “demand immediate compliance with Resolution 2722” Council Passed They passed a resolution […]