OPEC views that the supply of oil will continue to cut in the rest of 2020. The market is not ready to …
Energy | Petroleum
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Energy | PetroleumNews
Investment required to halve greenhouse gas emissions by 2050
by BUNKERISTby BUNKERISTIn order for international maritime transport to halve greenhouse gas emissions by 2050, a capital investment of at least 1 trillion dollars …
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Energy | PetroleumNews
One of the factors that limit oil prices is renewable energy
by BUNKERISTby BUNKERISTOne of the factors that limit oil prices is that the cost of generating electricity from solar energy is lower than fossil …
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Energy | PetroleumNews
OPEC and its allies’ efforts to increase prices do not work
by BUNKERISTby BUNKERISTOPEC and its allies’ efforts to cut prices by cutting crude oil are not working The increase in short-term tensions experienced by …
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After a year in which macroeconomic concerns and geopolitical factors affect the global business world, it is likely that the 2020 outlook …
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Energy | PetroleumNews
Sudden political developments in Russia support OPEC strategy
by BUNKERISTby BUNKERISTAlthough the political changes announced in Russia on Wednesday raise questions about the country’s future OPEC strategy, analysts say they are expecting …
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Energy | PetroleumNews
Why did Iran tensions not raise tanker freight rates even further?
by BUNKERISTby BUNKERISTThere is an unexpected behavior that makes tanker freight markets interesting and surprising. In October 2019, the threat to oil exports from …
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Energy | PetroleumNews
Phase 1 Agreement – China’s historic US agricultural product purchases
by BUNKERISTby BUNKERISTThe U.S. and China say on January 15th that the U.S. officials will sign the Phase 1 trade agreement, which they say …
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Energy | PetroleumNews
Oil prices drop as threat of the Middle East war decreases
by BUNKERISTby BUNKERISTFollowing the decrease in the war threat in the Middle East, economic growth values and expectations were positive, and the increase in …
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Energy | PetroleumNews
Crude oil prices were generally lower than 2018 in 2019
by BUNKERISTby BUNKERISTThe price of Brent crude oil was $ 64 (b) per barrel in 2019, $ 7 / b lower than the 2018 …