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Opinion: Everyone Is Guessing When It Comes To Oil Prices

Green Car Congress

Predicting and diagnosing the trajectory of oil prices 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.

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Hyundai Heavy begins exporting LNG engine

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The Ulsan, South Korea-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 oil prices and strengthening regulations on emissions, the demand for gas engines is increasing.

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Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing 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.

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Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

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The index compares the development of e-mobility in seven leading car-manufacturing nations (Germany, France, Italy, US, Japan, China and South Korea) on the basis of three parameters: technology, manufacturing, and market. Extracting oil by fracking could stabilize the oil price over the next few years.

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Survey finds LNG-fueled ship orders up 26% in six months

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High oil prices, impending emissions regulations and technical advancements are propelling the market faster than we expected. Currently projects underway in Belgium, Sweden, Finland, South Korea, Singapore, Japan and elsewhere have made efforts to offer LNG bunkering and incentives to support LNG-fueled marine technology.

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Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

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Two key drivers of EV adoption include climate concerns and oil prices. For example, South Korea faces worsening environmental issues.

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

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Spot LNG prices in Asia spiked to nearly $30 per million British thermal units (MMBtu) for a few weeks in January 2021 during extreme cold weather and transportation challenges before settling back to normal ranges in the first half of the year. MMt), followed by South Korea at 46.4 increase or 12.3 increase or 0.2

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