Day: August 22, 2026

Hedge Funds Cut Bearish Bets on European Diesel to Two-Year Low

Energy News Beat Hedge funds have sharply reduced their short-only positions on European diesel (ICE gasoil) to the lowest level in more than two years while adding fresh long positions, signaling that traders expect the current historic fuels supply crunch to persist. According to ICE Futures Europe data cited in reports of the Bloomberg story, […]

UAE Cageing Up Their Oil Storage for Anti-Drone Protection

Energy News Beat In a striking visual that feels pulled straight from a post-apocalyptic film set, the United Arab Emirates has completed the installation of massive metal “cope cages” over key oil and gas storage tanks in Abu Dhabi, with similar structures already in place or under construction near Dubai. These large steel mesh and […]