Batteries combined with photovoltaics provide power for the pop-up clinic at a migrant camp of 3,000 asylum seekers in Mexico.
Read More »Crashing Oil Demand Drives a 17 MMbpd Global Output Cut in Q2
Consulting firm IHS Markit expects oil demand in the second quarter of 2020 to be 22 MMbpd less than a year ago.
Read More »Argentina’s Plan to Protect Drilling by Setting Oil Prices Gains Momentum
West Texas Intermediate has been gaining since its history-making crash in the U.S. last month, trading at around $25. Brent crude has been practically soaring, touching $30 in London.
Read More »US Practically in Total Isolation on JCPOA in IAEA Board of Governors
Rejecting the US claims on the nuclear deal with Iran, Russia's Permanent Representative to the United Nations Mikhail Ulyanov said that many countries are of a different view.
Read More »Oil Slips on Fears of Second Covid19 Wave, Supply Glut
Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers. Brent crude futures were down 73 cents, or 2.4%, at $30.24 a …
Read More »Oil Slips on Fears of Second Covid19 Wave, Supply Glut
Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers. Brent crude futures were down 73 cents, or 2.4%, at $30.24 a …
Read More »Oil to Become Accidental Natgas Savior
Oil markets are driving a sense of optimism in the natural gas market “not seen in years,” according to analysts at the Bank of America Global Research. That’s because the collapse in oil prices accelerated the timeline for associated gas declines as many oil producers look to shut-in production or …
Read More »Recycling Tackles the Polyurethane Foam Problem
In its flexible form, polyurethane foam is commonly used in large-scale applications including automobile interiors, carpet underlay, mattresses, acoustic foam and many other types of cushions. Rigid forms of the foam are also popular in the construction industry, with building insulation a primary use. Though many of these items are …
Read More »Global LNG Sector Faced with Depressed Demand and Falling Prices
The global liquefied natural gas (LNG) sector has been hit by supply overhang followed by COVID-19-induced economic slowdown and lower demand worldwide. Haseeb Ahmed, oil and gas analyst at GlobalData, commented, “Due to the sharp fall in oil prices, spread between oil-indexed long-term LNG contracts and spot contracts have considerably …
Read More »Google Turns Demand Management on Its Head to Cut Data Center Emissions
As more and more renewable energy comes on to the grid, networks are having to deal with more intermittent supplies from wind and solar power. Energy storage using batteries and other technologies are one answer, enabling surplus energy that is produced at times of low demand to be stored and …
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