Tag Archives: International

Oil Prices Edge Lower as US Inventories Rise

Oil prices edged lower on Wednesday as a jump in US crude inventories and surging Covid-19 cases raised fears of an oversupply of oil and weak fuel demand amid rising coronavirus cases in the US and Europe. Brent, the international benchmark for more than half of the world’s crude, slipped …

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Oil Rises 2% on U.S. Gulf Shut Downs, Outlook Weak

Crude settled higher on Tuesday as companies shut down some U.S. Gulf of Mexico oil production ahead of an approaching storm, although surging coronavirus infections and rising Libyan supply limited gains, Trend reports with reference to Reuters. Companies including BP, Chevron, Shell and Equinor ASA evacuated rigs or closed facilities. …

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Oil Falls after Report Points to Surprise Crude Stockpile Gain

Oil dropped toward $41 a barrel in New York after an industry report pointed to a surprise increase in American crude stockpiles, countering optimism over a potential U.S. stimulus agreement. The American Petroleum Institute reported crude inventories climbed by almost 600,000 barrels, according to people familiar with the data. That …

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Climate Change Impacts on Wind Power Generation

Wind energy is a virtually carbon-free and pollution-free electricity source, with global wind resources greatly exceeding electricity demand. Accordingly, the installed capacity of wind turbines grew at an annualized rate of >20% from 2000 to 2019 and is projected to increase by a further 50% by the end of 2023. …

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