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2020's economic crisis triggered by the coronavirus was the worst the petroleum industry has ever seen. Fuel demand crashed by a fifth, prices slumped below zero, and more than a billion surplus barrels poured into storage tanks worldwide. In spite of all this, oil is posting a remarkable 2021 recovery.
Good Morning All. Now that SCOTUS might overturn Obamacare, Republicans must show (NOW) that they have a plan. Here are just a few ideas off top of my head. I would suggest people contact their Representatives to let them know that the political battle needs to begin today for Republicans. Ideas: · A low cost standardized $1,000 – 5,000 deductible, catastrophic coverage should be made available. (Agreed to by major Insurance Companies, given they were almost put out of business they might be eager to cooperate.) Negotiating for services by insured would help put downward pressure on fee...
By Andy Hoffman (Bloomberg) — Trafigura Group boosted its shipping fleet by 70% in April last year to profit from the wild price swings in the oil market caused by the pandemic, the company’s CEO said. As government-ordered lockdowns destroyed about a quarter of normal oil demand, Trafigura secured as many oil tanker ships as it could to store the excess, Jeremy Weir, Trafigura’s chairman and chief executive officer said at the Future Investment Initiative conference in Saudi Arabia. “We anticipated the demand destruction so we were able to ensure we were able to move the cargoes and...
5 skincare ingredients to look out for in 2021 Updated / Friday, 8 Jan 2021 10:55 From mushrooms to tranexamic acid, Prudence Wade reveals your bathroom cabinet must-haves this year. If you’re the kind of person who practises self-care through skincare, there are plenty of buzzy new ingredients to get excited about. Whether you’re looking for products to boost your glow, minimise the look of fine lines or fight acne, there are a whole host of ingredients set to make a splash. "At the heart of 2021 will be skin integrity and the resurgence of the importance of skin health," predicts facia...
The shale boom has turned the U.S. into the world's largest oil producer and has moved it ever closer to ending dependence on Middle East oil.