ENERGY | Bitcointalk Sign Up to Get 1ETH

WTI Turns Green After API Reports Across-The-Board Inventory Draws | ZeroHedge

Post author:bitcointalk
Post published:12.03.2024
Post category:ENERGY
Post comments:0 Comments

Oil prices slipped lower today after uglier than expected inflation sent yields higher (whipsawed wider markets) and perhaps more notably, OPEC said its latest supply cuts had stalled as Iraq and Libya producing more than their quota.

Slightly higher-than-expected CPI numbers are not likely to “rock the boat,” said Ole Hansen, a commodity strategist at Saxo Bank A/S, “overall a report that is unlikely to impact the thinking.”

Analysts expected a seventh straight weekly build in (more…)

The Most-Used Energy Sources In Europe | ZeroHedge

Post author:bitcointalk
Post published:08.03.2024
Post category:ENERGY
Post comments:0 Comments

Much of Europe has set itself the goal of switching away from heavily polluting fossil fuels and towards renewable energy sources.

In the chart below, Statista's Anna Fleck shows a snapshot of the energy landscape in Europe right now, using data from the Statistical Review of World Energy 2023. It reveals that while there’s some variation in energy types across the bloc, fossil fuels still make up the lion’s share of the energy sources the continent is most reliant on. (more…)

Turkish Port Halts Russian Oil Imports Amid Sanctions Pressure | ZeroHedge

Post author:bitcointalk
Post published:07.03.2024
Post category:ENERGY
Post comments:0 Comments

Authored by Tsvetana Parskova via OilPrice.com,

A Turkish oil terminal on the Mediterranean will stop importing Russian oil amid intensified U.S. sanctions pressure on Moscow’s exports, the terminal’s operator told Reuters on Tuesday.

Global Terminal Services (GTS) operates the mid-sized Dortyol terminal on the Mediterranean and it has decided to stop accepting Russia-origin volumes to avoid possible connections to Russian oil.

All previous imports of Russian oil (more…)