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EIA expects continued high prices for diesel and home heating oils

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The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. EIA forecasts Russia will produce 9.3 —EIA Administrator Joe DeCarolis.

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When Will Russia Run Out Of Oil?

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On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. In 2016, only 3.7

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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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About 63% of today’s nuclear generating capacity comes from plants that are more than 30 years old, since many were built in the aftermath of the 1970s oil shocks. And the nuclear industry must quickly address the issues of cost overruns and project delays that have bedevilled the construction of new plants in advanced economies.

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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. Both, it would seem, have incentive to do so, as each has lost over $100 billion in crude revenues in 2015—and Russia bears the extra burden of U.S. by Dalan McEndree for Oilprice.com. and $65.65

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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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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Nornickel to add new nickel and cobalt alloys to its range

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Russia-based Nornickel has begun prototyping new nickel- and cobalt-based alloys, which are of high demand in the aviation, space, nuclear, chemical and oil and gas industries. Nornickel’s Kola Division in Russia is represented by Kola MMC, a wholly owned key production site.

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The Oil War Is Only Just Getting Started

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The Oil War Is Only Just Getting Started. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity. by Tsvetana Paraskova for Oilprice.com.

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