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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.
The Ulsan, SouthKorea-based company will first export the engine to an onshore gas-powered power plant in the Middle East after final paint and packing work. Due to high oilprices and strengthening regulations on emissions, the demand for gas engines is increasing.
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oilpricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. by Tsvetana Paraskova for Oilprice.com.
According to a new report from Pike Research, the various national-level initiatives and programs to promote the awareness of electric vehicles (EVs) in the Asia-Pacific region will help make the region the largest market worldwide for electrified vehicles, led by strong demand in China, Japan, and Korea. billion in 2015.
The index compares the development of e-mobility in seven leading car-manufacturing nations (Germany, France, Italy, US, Japan, China and SouthKorea) on the basis of three parameters: technology, manufacturing, and market. Extracting oil by fracking could stabilize the oilprice over the next few years.
High oilprices, impending emissions regulations and technical advancements are propelling the market faster than we expected. Currently projects underway in Belgium, Sweden, Finland, SouthKorea, Singapore, Japan and elsewhere have made efforts to offer LNG bunkering and incentives to support LNG-fueled marine technology.
The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Spot LNG prices have soared past previous records. MMt in 2021, surpassing the previous record of 5.8
Key regional insights on a few major markets follows: For the North American market, IHS Markit forecasts a production decline of more than 30% in Class 4-8, or about 198,000 units from previous forecasts, as the economic slump combines with rapidly ebbing replacement pressure to undermine new orders.
With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? How will Saudi Arabia Capture Market Share Downstream? The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.
SK Innovation, which also owns SouthKorea’s top refiner SK Energy, said it expects solid refining margins to continue in the second quarter backed by firm demand. The company posted an operating profit of 625 billion won (USD 454 million) for the January-March period, versus a 375 billion won profit a year earlier. .
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