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Top News In பெர்ன்ஸ்டீன் ஆற்றல் Today - Breaking & Trending Today

Gulf Countries Are Rushing To Unload Non-Essential Oil Assets


3 hours
Chinese Refiners Ramped Up Crude Processing In April
5 hours
Leading Chinese Lithium Producer May Open Battery Plant In Argentina
6 hours
Offshore Wind Requires 63,000lbs Of Copper Per Turbine
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COVID Crisis May Delay Oil Offloading Operations In India
3 days
UK Climate Boss: World Must End Coal To Save Planet
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China Cracks Down On Tax Loopholes In Blending Fuels Imports
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Rosneft Swings BackTo Profit In Q1 2021
3 days
Louisiana s Democrat Governor Urges Washington To Resume Oil Leases
3 days
Valero Receives Waiver To Ship Oil And Fuels To U.S. East Coast
4 days
Senator Introduces Bill To Compensate Oil-States During Energy Transition ....

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Factbox: Pandemic brings forward predictions for peak oil demand


Factbox: Pandemic brings forward predictions for peak oil demand
20 hours ago
20 hours ago
Source: Reuters
The rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand.
While there is no consensus on when oil demand could peak, the revised predictions mark a boon to the fight against climate change and could weigh on oil companies’ plans to explore for and develop new resources.
BP – Could be as early as 2019
BP forecasts COVID-19 will knock around 3 million barrels per day (bpd) off by 2025 and 2 million bpd by 2050 in its central scenario. ....

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The Rapid Rise Of National Oil Companies


The Rapid Rise Of National Oil Companies
By Vanand Meliksetian - Feb 09, 2021, 12:00 PM CST
The world oil markets are facing a perfect storm which eventually could lead to structural economic and geopolitical changes. While Covid-19 has decimated markets and slashed profits, climate awareness and a green restart are gaining momentum in most developed countries. While it remains uncertain how demand will develop over the next few decades, it is becoming more likely that the traditional economic ‘power balance’ between international and national oil companies will change.
Before the oil crisis of 1973, Western oil companies were the dominant force on the global market with drilling, logistics, refining, and downstream capabilities. The wave of nationalism that swept through producing countries in the post-war period changed the balance when nationalization policies created ‘National Oil Companies’ (NOC). Western firms were called ‘International Oil C ....

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