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Will production fall in Iran and Venezuela? Should the market expect a sharp rise in prices or increased competition among exporters?
... liquefied natural gas (LNG) in maritime transport. These factors will ensure a more modest increase in demand for oil in the second half of the 2020s compared to 2021-2023, when global consumption growth reached 4.7 million barrels per day (according to the IEA) following the resolution of the COVID-19 pandemic.
In this context, events in Venezuela and the intensification of the Iran-Israel crisis will affect not so much the oil market as a whole, but the intensity of competition among oil-producing countries,...
Russian oil has fallen below the price cap.
... Brent at $10 per barrel by August 2024. This, by the way, is the minimum discount since the beginning of the year: at the start of the year, the discount was $16, the expert adds.
The drop in Russian oil prices poses risks to budget revenues. The IEA has calculated that Russia's oil and petroleum product exports in August were at their lowest level since March 2021, falling by 290,000 barrels per day compared to July, to 7 million barrels per day. Revenue fell by $1.6 billion, down to $15.3 billion....
Lithium is not the new oil.
... entering the "early majority" stage. In 2023, the share of electric vehicles and plug-in hybrids in global passenger car sales was 18%, and in China, the leading country in the industry, it was 38%, according to the International Energy Agency (IEA). At the same time, the abolition of subsidies for electric vehicle purchases in China and Europe is already affecting sales volumes and, consequently, lithium demand.
Support for demand may come from the energy storage segment, which has been ...
Strong energy bonds
... involving Chinese investors and banks. The article highlights the strengthening of energy ties between the two countries and the prospects for their further development.
Energy Demand in China by 2030
According to the International Energy Agency (IEA), China's energy demand will increase by 9% compared to 2022, reaching 116.4 EJ (32.3 trillion kWh) by 2030. Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) forecasts that China's oil demand will rise by 13% between 2023 and ...
Новости ТЭК 10 мая 2025: давление ОПЕК+, газовые потоки и бум ВИЭ
... инвестировать порядка €2–2,3 трлн до 2050 года в обновление электросетей для обеспечения надежности и интеграции «чистой» энергии. Агентство IEA предупреждает, что ежегодные вложения в энергосистемы нужно удвоить – до €600 млрд к 2030 году, иначе грозит дефицит пропускной способности ...