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IHS Markit says outlook for crude oil prices strengthens through 2021

Green Car Congress

Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. bbl in 2020 and $49.25/bbl bbl in 2021—up $7.09/bbl bbl and $5.25/bbl,

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

The data and analytics company notes that such actions will simply mean Western countries will be more reliant on Russian oil and gas for longer. According to GlobalData’s Mining Commodity Analyzer , Russia was the third-largest producer of nickel in 2021, producing more than 200,000 tons. Trading had yet to resume as of 10 March.

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Elon Musk says ‘extraordinary times’ call for U.S. need to increase oil and gas production

Teslarati

Elon Musk said the United States needs to increase oil and gas output immediately to decrease dependence on Russian supply. Despite the negative effect the move would have on Tesla, Musk says sustainable energy “cannot react instantaneously to make up for Russian oil & gas exports.” As a result of the U.S.

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Imported oil pays for corruption and war. Electricity pays for local jobs.

Plug in America

The Russian war against Ukraine is being paid for by exports of oil and gas, just like all of Putin’s previous wars. And Russia is just today’s example of oil exporters fueling wars. If there were no oil and gas exports, there would be a lot less war in the world. This war in Ukraine is a catastrophic human tragedy.

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Opinion: China To Continue Expanding Its Influence In The Oil And Gas Sector

Green Car Congress

Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia’s oil refining industry as well.

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US Lifted The Crude Oil Export Ban, And Exports Went Down

Green Car Congress

Just over three months after the authorities lifted the four-decade ban on crude oil exports, the US has actually exported less this year than it did over the same period the year before, when the ban was still in place. crude oil export volumes since the beginning of this year. oil, according to a Reuters source. Census Bureau.

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$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.

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