Browsing Tag

Demand

According to the International Energy Agency (IEA) oil supply forecasts for 2025, the figures will be favorable. Despite the impact on the sector of low demand from China, the agency “increased its forecast for growth in global oil demand for 2025 to 1.1 million barrels per day, from 990,000 bpd”…
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Texas Oil had its first year in red since 2020

Texas oil dropped almost 11% in value during 2023, marking its first negative year since 2020, when the COVID-19 pandemic erupted. This decline is attributed to volatile factors and, above all, to doubts about the capacity of demand to…

Germany has increasingly powerful data centers

Germany's data centers are getting more powerful, as their capacity grew by 84 percent between 2010 and 2020, measured by the maximum electricity consumption of installed hardware, the Borderstep institute in Berlin reported today. Energy…

OPEC expects demand of 100 million barrels per day

The Organization of Petroleum Exporting Countries (OPEC) considers that the new omicron variant of Covid-19 will have a "slight and short-lived" impact on world demand for crude oil, for which it expects that consumption will exceed 100…

US could sue Coinbase crypto exchange

The United States Securities and Exchange Commission (SEC) plans to sue the cryptocurrency exchange platform Coinbase for the future launch of a product that allows loans between cryptocurrency users, according to the company itself on its…

Oil prices fall due to OPEC+ uncertainty

Oil price registered a depreciation at the close of the day on July 15 due to the possibility that the OPEC+ alliance agreed to an increase in supply and after knowing an increase in gasoline reserves in the United States, which causes…