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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Demand
Instagram and Facebook were sued for charging privacy fee
Austrian privacy-focused organization Noyb filed a lawsuit against Meta over its recent model of paying for privacy on Facebook and Instagram, the organization announced on Thursday. Since the beginning of November, Meta has implemented a…
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…
Judge temporarily suspends sale of Voyager Digital to Binance.US
A federal judge temporarily suspended the sale of Voyager Digital to Binance.US for $1 billion.
The US Department of Justice requested an emergency stay, which was granted by Judge Jennifer Rearden of the US District Court in New York on…
Financial entities are not immune to the risks of crypto
Scope, a rating agency, pointed out that the cryptocurrency market is quite small with only 250 billion dollars, but they are still a danger to the traditional financial system. Financial institutions are not immune to the risks of the…
Lithium producer SQM obtains benefits over $ 585 million
The Chemical and Mining Society of Chile (SQM) recorded a net profit of 585.5 million dollars in the 2021 financial year, which means multiplying by more than three times the profits recorded a year earlier, as reported by the company in…
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…
OPEC: The development of the pandemic will determine the global economic recovery
OPEC, in its monthly report on the oil market, pointed out that, despite the evolution of the Covid-19 pandemic, the global economic reactivation continues and "will not reduce the oil demand forecast for 2021 and 2022".
However, in the…
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…
Netflix becomes the most popular brand in Latin America
A study carried out by the British consultancy Business Financing, found the most popular brands in the global arena in which the entertainment platform, Netflix, was above large brands such as Google or Amazon, in Latin America.
Despite…