Virtually all of the growth is set to come from emerging economies, with China and India accounting for half of the rise.
Nonetheless, oil, gas and coal will still account for 75 percent of energy supplies in 2035.
According to our ClipperData, the U.S. received just over 150,000 barrels per day of the region’s grades last year.
As production cut hopes are stoked once again, crude is pushing higher on this fourth day of the fourth week of January.
The other half of the Mangalore facility is already filled with 6mn bbls of Iranian crude.
as mentioned in
United States Oil Fund LP (ETF)(NYSE:USO): Oil Prices Set For Another Pullback
And that’s going to drive oil prices down in a big way.
The United States Oil Fund LP ETF (NYSE:USO) closed at $11.40 on Friday, down $0.13 (-1.13%).
They were forced to cover and kicked off a crash in oil prices.
Not surprisingly, this view is supported by my AI model: Oil prices should move sharply lower into late February.
In addition, given the current extreme reading, when these weak hands move to cover — in this case, sell their positions — oil will get hammered.
collected by :Jack Alex