Articles tagged with "energy-market"
Oil Price Trend Expectations - CleanTechnica
The article presents Juan Diego Celemín Mojica’s perspective on future oil price trends, suggesting that oil prices are likely to decline in the medium term, potentially falling back toward historic inflation-adjusted levels between $10 and $40 per barrel. He argues that the current “new normal” price range of $40–$80, influenced by higher demand and OPEC’s market control, will not sustain as demand weakens. This decline would adversely impact high-cost producers such as the US, Canada, Norway, South American countries, and possibly Russia, whose operations depend on higher oil prices to remain profitable. Mojica highlights that past price drops, such as the 2014 fall to around $40 per barrel, led to reduced production due to diminished exploration and the depletion of existing fields. He notes a similar trend occurring in the US, where drilling activity has decreased, signaling potential future production declines once current fields are exhausted. He predicts a resurgence of OPEC’s influence (“OPEC Renaissance
energyoil-pricesOPECoil-productionenergy-marketoil-explorationfossil-fuelsHydrogen’s Brutal Month: Billions Lost As Mega-Projects Collapse - CleanTechnica
The past month has been notably difficult for the hydrogen energy sector, marked by the cancellation or indefinite shelving of multiple large-scale hydrogen projects worldwide, collectively valued in the tens of billions of dollars. These setbacks highlight the significant economic and technical challenges facing hydrogen, especially in transportation and energy export markets. A key example is Australia’s CQ-H2 green hydrogen export project in Gladstone, initially a AUD$12.5 billion (US$8.13 billion) initiative aimed at supplying hydrogen to Japan and South Korea. The project collapsed after Stanwell Corporation withdrew support due to escalating costs and doubts about market viability, symbolizing broader uncertainties in hydrogen’s commercial prospects. Concurrently, Fortescue Metals Group scaled back its hydrogen ambitions, cutting around 90 related jobs and shifting focus from large-scale manufacturing to research and development to improve efficiency and reduce costs, abandoning its earlier target of producing 15 million tons of hydrogen annually by 2030. In Europe, Germany’s ArcelorMittal also abandoned plans
energyhydrogen-energyclean-energy-projectsenergy-sector-challengeshydrogen-productionenergy-marketrenewable-energyChinese Solar PV Market More Than 3 Times Bigger Than US & EU Markets Combined
solar-energyphotovoltaicrenewable-energyChinaenergy-marketsolar-marketclean-technologyPhê duyệt khung giá phát điện cho loại hình nhà máy thủy điện tích năng năm 2025
energyhydropowerelectricity-pricingrenewable-energyenergy-policyenergy-generationenergy-market$2.5 Billion Says US Just Can’t Quit Renewable Energy
renewable-energyclean-powerwind-energysolar-energyUS-energy-policyenergy-marketclean-technology