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Oil Gains With Tighter Supplies Countering Virus Hit to Demand


Oil Stalls for Third Week With Demand Concerns Back in Focus
Bloomberg
1/29/2021
Grant Smith and Andres Guerra Luz
(Bloomberg) Oil edged lower on Friday alongside a broader market decline as the recovery in consumption remains uncertain.
The dip capped a third straight week with New York futures stuck near $52 a barrel. U.S. equities weakened amid lingering concerns over volatile retail trading. While Johnson & Johnson’s Covid-19 vaccine breakthrough allayed some worries about the deterioration of consumption, it’s clear the demand environment remains tepid. Chevron Corp. posted a fourth-quarter loss after weak fuel consumption hit its refining business. ....

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Oil-Rich Abu Dhabi Targets Hydrogen as Future Export Fuel


Oil-Rich Abu Dhabi Targets Hydrogen as Future Export Fuel
Bloomberg
1/18/2021
Verity Ratcliffe
© Bloomberg
Storage cylinders sit inside a hydrogen-production facility during the opening ceremony of the Toyosu Hydrogen Station, jointly built by Tokyo Gas Co. and Japan H2 Mobility LLC (JHyM), in Tokyo, Japan, on Thursday, Jan. 16, 2020. The latest filling station that will be used to serve Toyota Motor Corp. fuel cell buses during the 2020 Olympics and Paralympic Games opens Thursday near Tokyo s fish market.
(Bloomberg) Abu Dhabi’s government-run oil company is teaming up with two of its sovereign wealth funds to turn the petroleum-rich emirate into an exporter of blue and green hydrogen. ....

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