Peak oil
The Impact of Covid-29 on Energy Markets
We all know that Covid-19 has impacted the world greatly. Not only is it harming people as a highly contagious virus, it is also having a significant on the world's economy. In an unprecedented time, nearly the entire human population is being asked to stay home to mitigate the spread of this disease and it is sending ripples across the economy.
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House prices set to keep rising in 2020
House sale prices are projected to continue rising in 2020, as market professionals consider the existing momentum to be sustainable.
The average growth rate this year is already approaching 10 percent compared to 2018, although in the center of Athens, where demand is greatest, asking prices have risen by 30 percent.
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Eurostat: Bulgaria Ranks 4th with 102% Oil Import Dependency Rate Chart
In 2017 the European Union (EU) relied on net imports for 87% of its oil consumption. This ratio, known as the oil import dependency rate, is unchanged from 2016 and two percentage points below the peak of 89% recorded in 2015, Eurostat reported.
Rigas: ‘Oil price upside is not enough anymore’
Europe's oil and gas sector is building up a crowded pipeline for stock market flotations, but investor appetite is limited given painful experiences after the last oil price crash and a backlash against fossil fuels.
Greek group Energean was one of a handful of energy companies to list in London in recent years, betting on Israeli gas production and long-term offtake agreements.
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In 2030, Iraq Will Supply 1/3 of the World's Oil
This will make the country the third largest supplier, quoted by NOVA TV.
Iraq is on its way to 2030 to produce nearly six million barrels of crude oil a day, which will make the country the third largest oil supplier in the world, the International Energy Agency said.
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US to end all waivers on Iran oil imports
The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing US sanctions, as it ratcheted up pressure to choke off all oil revenues of the Islamic Republic.
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Analysis: Don't be misled by recent lower prices in oil market
In January of this year, the world oil market was in rough balance. The annual growth of world oil demand was essentially equal to the growth of world oil supply. Today, world oil supply exceeds demand by about one million barrels per day (about 1 percent of the world oil market). The accumulated imbalance during 2018 has grown world oil stocks and has now led to a sharp decline in prices.
Bulgarian Finance Minister: Fuel Prices are not Set by us, we do not Produce Crude Oil
Fuel prices are not set by us, we do not produce crude oil, said Bulgarian Minister of Finance Vladislav Goranov, referring to yesterday's protests against high fuel prices and tax increases for older cars, Focus News Agency reports.
'Crucial period' for oil as Iran exports shrink: Int'l agency
Global oil output hit a record of 100 million barrels per day in August, but the market may tighten and prices rise as exports from Iran and Venezuela decline, the International Energy Agency said on Sept. 13.
Decline in Peteroleum Prices Because of the Increase in US Reserves
The price of oil fell during the Asian session after the reported surprise growth in US stocks. Impacts also came from expecting Organization of the Petroleum Exporting Countries and other manufacturers to decide if they will increase their production at the June meeting, Reuters reported.