OilPrice.com

The rally in copper price has cooled off in recent weeks. Copper futures pulled back to below $9,000/t. IEF: the EV revolution alone will drive enough copper demand to outstrip supply in the next...

Hedge funds and other money managers have turned the most bearish on crude ever since the CFTC started to publish information on market positioning, with Brent and WTI net longs totaling a mere...

Rising oil production in the US, Guyana, and Brazil is challenging OPEC's ability to reverse its output cuts. The EIA forecasts that global oil supply will fall short of demand in the second half of...

Despite initial optimism, global jet fuel demand is slowing down due to shrinking disposable incomes, a slump in global trade, and increased aircraft fuel efficiency. This slowdown in jet fuel...

Citi: Oil prices could be set to rebound after sell-off. The recent oil price decline is primarily driven by two key factors: easing geopolitical risks, particularly in Gaza with a potential...

The IEA has maintained its forecast of less than 1 million bpd of oil demand growth in 2024 and 2025. Weak Chinese oil consumption is a major factor limiting global demand growth, although strong US...

Oil prices are under pressure from continued demand concerns but geopolitical risks and the recent rally from last week's crash means Brent is still sitting comfortably above the...

Oil traders are increasingly bearish, selling futures despite supply concerns and potential disruptions in the Middle East. Economic data from the US and China, along with demand worries, are...

US oil production growth is slowing, with the EIA forecasting a modest increase in 2025. Shale drillers are focusing on profitability and shareholder returns rather than maximizing production...

China's jet fuel demand has surged as airline traffic recovers from the pandemic, providing a much-needed boost to the country's refining sector. Despite the strong growth in jet fuel demand,...

Only a small fraction of energy companies disclose investment-related Scope 3 emissions, despite regulatory pressure. Tracking Scope 3 emissions is challenging and resource-intensive, leading to...

Crude oil prices today moved slightly higher, after the Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 26. The inventory change compared with...

The U.S. oil and gas industry thrived under Biden, with major oil companies doubling profits and energy shares up 117%. Harris is likely to continue Biden's policies, while Trump may push for...

Oil prices have just booked their third consecutive weekly drop. Kemp: Between June 21 and July 19, commercial crude inventories in the United States fell by a total of 24 million barrels. Lingering...

Oil speculators cut their net long positions in Brent and WTI due to concerns over China's economy. A rocket attack on the Golan Heights caused a temporary price increase but failed to offset China...

By Michael KernOil prices have been rangebound for the last four weeks with demand concerns being canceled out by expectations of an OPEC+ production cut extension. - The latest forecast from the US...