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European Coal Imports Set To Plummet By 60% In October | ZeroHedge

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Post published:20.10.2023
Post category:ENERGY
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Authored by Tsvetana Paraskova via OilPrice.com,

European thermal coal imports are expected to dip this month by 60% compared to October 2022, due to low demand and ample stocks, according to preliminary data from (more…)

Oil Markets Underestimating The Risk Of A Middle East Blowout | ZeroHedge

Post author:bitcointalk
Post published:19.10.2023
Post category:ENERGY
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Authored by Alex Kimani via OilPrice.com,

Commodity experts are now saying the oil markets have underpriced the risk of further escalation of the Israel-Hamas conflict.
The price response to the escalation in the Middle East tensions has so far been modest.
StanChart: Middle East geopolitical risk is currently being significantly under-priced and the current fundamentals alone are enough to justify a complete reversal of this month’s price undershooting.

Last week, (more…)

British Energy Secretary Warns Of UK Dependence On Foreign Regimes | ZeroHedge

Post author:bitcointalk
Post published:19.10.2023
Post category:ENERGY
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Authored by Charles Kennedy via OilPrice.com,

UK Energy Secretary Claire Coutinho warned on Wednesday that Britain will see North Sea oil and gas production halve by 2030, placing the UK at the mercy of external forces should the Labour Party government come to power and refuse to allow new offshore drilling.

Coutinho said the UK would be forced to import up to 80% of its oil and gas by 2030, rendering it “subservient to foreign regimes” and “decimating the same (more…)