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Predicting and diagnosing the trajectory of oilprices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.
“I fully anticipate we’re going to keep a lot of pressure on that cobalt production,” Ted Miller, head of energy storage strategy and research at Ford, said at a mining event in SouthAfrica. That would alter oil demand forecasts, but in complicated ways. The EV market is also rife with uncertainty.
At the company’s Capital Markets Day 2017 in Johannesburg, SouthAfrica, Sasol management said that the company will no longer pursue its proposed ) project in the US ( earlier post ) and furthermore will not invest in additional greenfields gas-to-liquids (GTL) projects. —Stephen Cornell.
A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries. billion) and SouthAfrica ($5.5 As in previous years, the market in 2014 was dominated by record investments in solar and wind, which accounted for 92% of overall investment in renewable power and fuels.
dollar poses an obstacle to further gains in oilprices. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive. As capital flees some of these emerging markets and flows into safe haven assets, such as the U.S.
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