Energy Market

OPEC

OPEC+ Might Not Increase Oil Production as It Is Expected

Analysts said that OPEC+ would hold a meeting with Russia and other allies on Thursday. It is expected OPEC to grasp world oil prices than they have in years. OPEC+, an oil producer and its allied organization, is expected to increase 500,000 to 1 million barrels of oil per day. Still, analysts said that there are rumors …

OPEC+ Might Not Increase Oil Production as It Is Expected Read More »

hydropower, China Launches Blockchain Apps to Combat the Coronavirus, crypto

Hydropower Plants on Sale in China After Mining Crackdown

China’s sweeping and swift crackdown on bitcoin mining pushed small hydroelectric power plant owners to offload their assets that cheap demand power is drying up. The number of advertisements on a popular second-hand e-commerce platform, Xianyu, for small-scale hydro plants with a capacity of about 50 megawatts increased after the mining crackdown. Some plants are in an …

Hydropower Plants on Sale in China After Mining Crackdown Read More »

oil price

Demand for Oil Decreases as Investors Wait for OPEC+ Meeting

Oil prices in Asia fell in early trading on Tuesday, and the decline remained below US$73 per barrel. The drop could be caused by the rapid spread of the COVID-19 virus in certain countries, dimming the fuel demand outlook. Investors are still waiting for the Organization of Petroleum Exporting Countries and its allies (OPEC+) meeting …

Demand for Oil Decreases as Investors Wait for OPEC+ Meeting Read More »

OPEC+

Oil Prices Remain Strong, Waiting for The OPEC+ Meeting

The United States and Iran keep arguing over the resumption of the nuclear agreement. Besides, investors are paying attention to the outcome of the OPEC+ meeting this week. The meeting delayed the surge in Iranian oil exports. Therefore, oil prices fell after hitting the October 2018 high on Monday. ICE Brent crude oil performed strongly …

Oil Prices Remain Strong, Waiting for The OPEC+ Meeting Read More »

commodities

Commodity Price Surge Might Cause Wind Energy Price Growth

In the first half of 2021, the global average onshore wind power costs have fallen. However, the rising commodity prices might make renewable energy more expensive. If commodities such as steel and copper continue to rise, wind power prices may also rise in the second half of 2021. In the first half of 2021, the …

Commodity Price Surge Might Cause Wind Energy Price Growth Read More »

OPEC+

OPEC Worries at Surging Oil Prices, Rising from Oversupply

OPEC and non-OPEC oil-producing countries coalition have cut production in the economic recession caused by COVID since last year. Its efforts have almost quadrupled crude oil prices in more than a year. In addition, the sharp increase in demand for oil in economies that have reopened in recent months has also pushed the prices. The OPEC+ alliance …

OPEC Worries at Surging Oil Prices, Rising from Oversupply Read More »

US oil prices finally exceeded $ 40

Iran Nuclear Deal Talks Delayed, Causing Oil Prices to Rise

Oil prices soared on Monday, supported by solid demand during the summer driving season. Besides, the suspension of negotiations to restart the Iran nuclear deal also had influence. As of 0622 GMT, Brent crude oil in August rose 23 cents, or 0.3%, to US$73.74 per barrel. The price of West Texas Intermediate crude oil in …

Iran Nuclear Deal Talks Delayed, Causing Oil Prices to Rise Read More »

Invest in Oil industry

Oil Prices Soared to Their Two-Year High; Gasoline Rises Too

The oil prices have increased due to higher-than-expected U.S. inflation data and strong demand prospects. After the United States lifted sanctions on a former Iranian oil, New York futures plunged 1.8% early on Thursday. Crude oil gained support when the U.S. consumer price index was higher than expected in May, prolonging months of inflation accumulation. At the …

Oil Prices Soared to Their Two-Year High; Gasoline Rises Too Read More »