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Oil prices have settled comfortably above the $80 mark as fears of demand destruction are countered by forecasts of a cold winter

/PRNewswire/ -- Asset bubbles may now be too big to burst, creating a situation that Central Banks around the world might be unable to control. If it all comes...

3 hours Peak Oil Demand May Be Ten Years Away 6 hours Uganda Picks Four Firms For New Oil Exploration Round 22 hours U.S. Natural Gas Storage Capacity Hardly Increased Since Start Of Shale Boom 1 day Russia Bets On Waste-To-Energy Plants 1 day Canadian EV Maker Unveils World's First Crypto-Mining Car 1 day Brazil’s Worst Drought In 91 Years Is Good News For LNG 1 day Extreme Drought Puts California’s Power Supply At Risk 1 day More Than 2 Billion Tons Of Coal Min...

Optimism has returned to oil markets as vaccination rollouts continue across the world and fears of Iranian oil supply returning to markets eased

Friday, May 21st, 2021 Oil is heading for the biggest weekly drop since March, following three consecutive days of huge losses. Still, oil recouped some losses on Friday, edging up after getting sucked down with a broader selloff in commodities.  IEA says no new fossil fuels. The IEA’s Net-Zero report dropped like a bombshell midweek. The IEA said that to reach net zero, there should be no new oil, gas, and coal projects. There was no shortage of proponents and critics, but either way, the report could influence how investors think about oil. Asia snubs IEA report. “The report provides o...