Litwin
Diamond Member
does it mean that we has passed oil peak already ? if so , whats all despots are gonna do ? KSA, Muscovy, first of all ?
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In 2020 the state imported 8.9 million tonnes, 16% less compared to 2019, according to Refinitiv Eikon.
Urals oil exporters that are used to Finland as a large buyer will have to find costumers elsewhere, while the value of the Russian grade may suffer from less demand from the northern European state, traders said.
"The change is not going to be immediate, but it is already visible (as) Finland looks away from crude oil", a trader in Urals oil said."
www.reuters.com
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The 2020 edition of the annual outlook reveals – albeit indirectly – that global oil demand will not regain the levels seen last year. It adds that demand could soon fall rapidly in the face of stronger climate action – by at least 10% this decade and by as much as 50% over the next 20 years.
The latest outlook was delayed by six months so that it could reflect the unprecedented impact of the coronavirus pandemic. The delay also reflects BP’s plans, set out over the course of this year, to reach net-zero emissions by 2050 – as an “integrated energy company”, rather than an oil major."
"
In 2020 the state imported 8.9 million tonnes, 16% less compared to 2019, according to Refinitiv Eikon.
Urals oil exporters that are used to Finland as a large buyer will have to find costumers elsewhere, while the value of the Russian grade may suffer from less demand from the northern European state, traders said.
"The change is not going to be immediate, but it is already visible (as) Finland looks away from crude oil", a trader in Urals oil said."
Finland decreases its Urals purchases as it turns to green energy
Finland, one of the major buyers of Russian oil, has been gradually decreasing its purchases of Urals crude as the nation turns from fossil fuels to "green" energy, traders said and Refinitiv Eikon data showed.
www.reuters.com
Bloomberg - Are you a robot?
www.bloomberg.com
The 2020 edition of the annual outlook reveals – albeit indirectly – that global oil demand will not regain the levels seen last year. It adds that demand could soon fall rapidly in the face of stronger climate action – by at least 10% this decade and by as much as 50% over the next 20 years.
The latest outlook was delayed by six months so that it could reflect the unprecedented impact of the coronavirus pandemic. The delay also reflects BP’s plans, set out over the course of this year, to reach net-zero emissions by 2050 – as an “integrated energy company”, rather than an oil major."
