Oil

Crude Oil Price Analysis: WTI Recovers from 2021 Lows

Source Node: https://zephyrnet.com/wti-price-analysis-crude-oil-bounces-from-fresh-2023-lows/
Time Stamp: March 17, 2023 2:34 PM - Modified On: March 17, 2023 - Published By:
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Published by Plato

In 2021, the price of West Texas Intermediate (WTI) crude oil has been on a roller coaster ride. After reaching its lowest point in over a year in mid-February, WTI has since recovered and is now trading at levels not seen since October 2020. This article will provide an analysis of the factors that have contributed to the recent price movements of WTI crude oil. The primary factor driving the recent recovery in WTI prices has been the ongoing recovery in global oil demand. After a sharp decline in 2020

Crude Oil Price Analysis: WTI Rebounding from 2021 Lows

Source Node: https://zephyrnet.com/wti-price-analysis-crude-oil-bounces-from-fresh-2023-lows/
Time Stamp: March 17, 2023 2:34 PM - Modified On: March 17, 2023 - Published By:
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Published by Plato

The price of crude oil has been on a rollercoaster ride in 2021. After hitting a low of $45.68 per barrel in February, West Texas Intermediate (WTI) crude oil prices have been steadily rebounding. As of April 2021, WTI crude oil prices have risen to $59.60 per barrel. This rebound is being driven by a combination of factors, including increased demand, OPEC+ production cuts, and geopolitical tensions in the Middle East. Demand for crude oil has been increasing as economies around the world begin to reopen following the COVID-19 pandemic.

Oil Prices Increase After Credit Suisse Forecast

Source Node: https://zephyrnet.com/following-credit-suisse-oil-wins-some-ground/
Time Stamp: March 16, 2023 10:35 AM - Modified On: March 16, 2023 - Published By:
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Published by Plato

Oil prices have been on the rise recently, and it appears that they may continue to increase in the near future. This is due to a forecast from Credit Suisse, one of the world’s leading investment banks. According to their report, oil prices could reach as high as $80 per barrel by the end of 2021. The Credit Suisse report cites several factors that could contribute to the increase in oil prices. First, the global economy is expected to recover from the effects of the coronavirus pandemic. This could lead

Oil Prices Rise After Credit Suisse Upgrade

Source Node: https://zephyrnet.com/following-credit-suisse-oil-wins-some-ground/
Time Stamp: March 16, 2023 10:35 AM - Modified On: March 16, 2023 - Published By:
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Published by Plato

Oil prices rose on Tuesday after Credit Suisse upgraded its outlook for the commodity. The Swiss bank raised its forecast for Brent crude, the global benchmark, to $60 a barrel from $55 a barrel for the second half of 2021. The upgrade comes as the global economy continues to recover from the pandemic-induced recession and demand for oil increases. The upgrade was driven by a number of factors, including the gradual reopening of economies around the world and an increase in travel. As people begin to travel more, demand for

Oil Prices Rise Following Credit Suisse Forecast

Source Node: https://zephyrnet.com/following-credit-suisse-oil-wins-some-ground/
Time Stamp: March 16, 2023 10:35 AM - Modified On: March 16, 2023 - Published By:
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Published by Plato

Oil prices rose on Tuesday following a forecast from Credit Suisse that the global economy is likely to recover in 2021. The Swiss bank said that the global economy is expected to grow by 5.2% next year, which could lead to increased demand for oil. This, in turn, could lead to higher oil prices. The price of Brent crude, the international benchmark, rose by 1.3% to $48.94 a barrel, while U.S. West Texas Intermediate (WTI) crude rose by 1.4% to $45.80 a barrel. This was the highest level for both

Railway Efficiency and Carbon Credit Benefits

Source Node: https://zephyrnet.com/carbon-credits-from-efficient-railways/
Time Stamp: March 15, 2023 6:04 PM - Modified On: March 15, 2023 - Published By:
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Published by Plato

Railways are an important part of the global transportation network, providing a reliable and efficient way to move goods and people around the world. However, railways also have a significant environmental impact, as they are a major source of carbon emissions. Fortunately, there are ways to reduce the environmental impact of railways, and one of the most effective is to improve their efficiency. By increasing the efficiency of railway operations, it is possible to reduce carbon emissions and also benefit from carbon credits.The most important way to improve railway efficiency

CIBC: Canadian Job Numbers Provide Justification for Bank of Canada to Consider Future Rate Hikes

Source Node: https://zephyrnet.com/canada-job-numbers-offer-plenty-of-reason-for-the-boc-to-leave-the-door-open-to-future-rate-hikes-cibc/
Time Stamp: March 12, 2023 10:11 PM - Modified On: March 12, 2023 - Published By:
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Published by Plato

The Canadian economy has been performing well in recent months, and this is especially true when it comes to job numbers. According to the latest report from Statistics Canada, employment rose by an impressive 88,000 jobs in October, the largest increase since March 2012. This is great news for the Canadian economy, and it provides justification for the Bank of Canada to consider future rate hikes. The Bank of Canada has kept its key interest rate at 1.75% since October 2018, and it has been reluctant to raise rates due

Maritime Industry Reacts to Termination of Methanol as Marine Fuel

Source Node: https://zephyrnet.com/dismissal-of-methanol-as-marine-fuel-leads-to-pushback/
Time Stamp: March 11, 2023 12:13 AM - Modified On: March 11, 2023 - Published By:
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Published by Plato

The maritime industry is facing a major shift in its fuel sources due to the termination of methanol as a marine fuel. This decision has been made in response to the International Maritime Organization’s (IMO) 2020 global sulfur cap, which limits the sulfur content in marine fuels to 0.5%. Methanol, which is a form of alcohol, has been used as a marine fuel for many years due to its low sulfur content. However, the IMO’s new regulations have made it impossible to use methanol as a marine fuel. The termination

US Dollar Strengthens Against Mexican Peso Despite Risk Aversion Following Mixed US Non-Farm Payrolls

Source Node: https://zephyrnet.com/usd-mxn-edges-higher-despite-risk-aversion-after-mixed-us-nfp/
Time Stamp: March 10, 2023 10:23 PM - Modified On: March 10, 2023 - Published By:
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Published by Plato

The US dollar has strengthened against the Mexican peso despite risk aversion in the wake of mixed US non-farm payrolls. The US dollar index, which measures the greenback’s performance against a basket of six major currencies, rose 0.3 percent to 97.32 on Friday, its highest level since April. The US dollar has been on a steady climb since the beginning of the year, gaining more than 2.5 percent against the Mexican peso.The rise in the US dollar is attributed to the mixed US non-farm payrolls report released on Friday. The

Shell to Pay Over $1 Billion in Carbon Emissions Costs

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Time Stamp: March 10, 2023 9:25 PM - Modified On: March 10, 2023 - Published By:
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Published by Plato

In a groundbreaking move, Shell, the world’s largest oil and gas company, has announced that it will pay over $1 billion in carbon emissions costs. This is the first time a major oil and gas company has taken such a bold step to address the global climate crisis. The move comes after years of criticism from environmental groups and activists who have long argued that oil and gas companies should be held accountable for their contribution to global warming. Shell’s decision to pay for its carbon emissions is a major

Shell to Pay $1 Billion in Carbon Emissions Costs

Source Node: https://zephyrnet.com/shells-billion-dollar-carbon-bill/
Time Stamp: March 10, 2023 9:25 PM - Modified On: March 10, 2023 - Published By:
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Published by Plato

Shell, one of the world’s largest oil and gas companies, has recently announced that it will pay $1 billion in carbon emissions costs over the next decade. This move is part of Shell’s commitment to reducing its environmental impact and helping to fight climate change. The $1 billion will be used to fund projects that reduce carbon emissions and help to reduce the effects of climate change. This includes investing in renewable energy sources, such as wind and solar, as well as investing in energy efficiency projects. Shell also plans

Shell to Pay Over One Billion Dollars in Carbon Emissions Charges

Source Node: https://zephyrnet.com/shells-billion-dollar-carbon-bill/
Time Stamp: March 10, 2023 9:25 PM - Modified On: March 10, 2023 - Published By:
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Published by Plato

Shell, one of the world’s largest oil and gas companies, has recently announced that it will pay over one billion dollars in carbon emissions charges. This is a major step forward in the fight against climate change and is a sign that Shell is taking its environmental responsibilities seriously. The charges are part of a settlement between Shell and the Dutch government, which has been trying to reduce the country’s emissions. The settlement requires Shell to pay a total of 1.1 billion euros ($1.2 billion) over the next four years.