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The Next Oil Price Spike May Cripple The Industry

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Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.

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ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel

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Additionally, LNG engines are tuned to either emit low nitrogen oxide (NO x ) emissions—at the cost of higher methane emissions in some cases—or to incorporate NO x reduction technologies such as exhaust gas recirculation (EGR) or selective catalytic reduction (SCR). 2017) that actual ship operations are different.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

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He also continued his calls for the oil industry to increase refinery capacity to increase production. That figure is down from 141 refineries in 2017, with 4 idle. Crude oil is always the top contributor to the prices US drivers see at the pump. However, the cost of refining in other nations is currently higher.

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IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

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US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. Investors are imposing capital discipline on E&P’s by pushing down equity prices and pushing up the cost of capital on debt markets. —Raoul LeBlanc.

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The Long-Term Electric Vehicle Outlook outlines two scenarios for the uptake of electric transport to 2050, and examines impacts on demand for batteries, materials, oil, electricity, infrastructure and emissions. million barrels of oil demand per day. Yet, the rising cost of batteries will not derail near-term EV adoption.

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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades. Energy demand.

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