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The War in Ukraine Disrupts Trade in Both Food and Fuel

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The Russian invasion of Ukraine has brought a stream of reports about the country’s energy exports. The EU bought about 85 percent of the natural gas that Russia shipped out (via pipelines from Western Siberia) and nearly 55 percent of the crude oil and refined oil products that Russia exported (via pipelines and tankers).

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. and EU Ukraine-related economic and financial sanctions. per barrel oil in 2015 and 2016 respectively, while the October projections are based $51.62 by Dalan McEndree for Oilprice.com.

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Navigant forecasts global natural gas fleet of 34.9M by 2020

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Other factors, such as increased vehicle availability, a shortage of oil refining capabilities, tightening emissions restrictions, and increased energy security, are also fueling growth within specific countries. Italy and Ukraine, the largest markets, are slowest growing (3% and 4% CAGR, respectively) due to their relative maturity.

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Green Hydrogen Cars: How They are Different?

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According to the International Energy Agency, global demand for hydrogen as a fuel has quadrupled since 1975, reaching 70 million tonnes per year in 2018. Furthermore, unlike coal and oil, it is a clean energy source that produces only water vapor and leaves no residue in the air. Hydrogen has a long history of working with industry.