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Oil Prices Running Out Of Reasons To Rally

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The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. That bodes well for a narrowing supply surplus—and ultimately a deficit—as well as falling inventories. It is unclear, at this point, how rising US supply and falling OPEC output will ultimately balance out.

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Water Levels Dropping in Some of the Worlds Major Rivers

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suggests that the reduced flows in many cases are associated with climate change, and could potentially threaten future supplies of food and water. But they could lose volume in future decades with the gradual disappearance of the Himalayan glaciers feeding them, the scientists say.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. Its drive to increase overall gas production will also be based on a two-fold approach.

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