Petroleum politics

Australia's role as a hardwood chip supplier to China and Japan has dramatically diminished in 2020, with shipments having fallen by 38% from last year

Retrieved on: 
Wednesday, December 30, 2020

Shipments in 2020 have continued to slide, with volumes during the first nine months being 38% lower than during the same period in 2019.

Key Points: 
  • Shipments in 2020 have continued to slide, with volumes during the first nine months being 38% lower than during the same period in 2019.
  • In the 3Q/20, the estimated export volume reached its lowest level in almost seven years (see chart).
  • Not only has Australia's role in the Asian chip market diminished, market prices for the country's wood chips also declined in 2020.
  • However, a weakening Australian dollar has benefited chip exporters, with prices in the local currency reaching record highs in 2020.

Australia's role as a hardwood chip supplier to China and Japan has dramatically diminished in 2020, with shipments having fallen by 38% from last year

Retrieved on: 
Wednesday, December 30, 2020

Shipments in 2020 have continued to slide, with volumes during the first nine months being 38% lower than during the same period in 2019.

Key Points: 
  • Shipments in 2020 have continued to slide, with volumes during the first nine months being 38% lower than during the same period in 2019.
  • In the 3Q/20, the estimated export volume reached its lowest level in almost seven years (see chart).
  • Not only has Australia's role in the Asian chip market diminished, market prices for the country's wood chips also declined in 2020.
  • However, a weakening Australian dollar has benefited chip exporters, with prices in the local currency reaching record highs in 2020.

Oil and Gas Processing Seals Market - Global Outlook and Forecast 2020-2025 Amid the COVID-19 Pandemic - ResearchAndMarkets.com

Retrieved on: 
Tuesday, December 29, 2020

The "Oil and Gas Processing Seals Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oil and Gas Processing Seals Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
  • In terms of material type, elastomer seals hold the largest share in the global oil and gas processing seals market and are expected to continue their growth.
  • The Middle East and Africa region hold the highest revenue share in the global oil and gas processing seals market.
  • The global oil and gas processing seals market is moderately fragmented due to several highly established vendors across regions.

Ring Energy, Inc. Announces Results of Fall 2020 Redetermination of Its Senior Credit Facility

Retrieved on: 
Wednesday, December 23, 2020

Mr. McKinney further remarked Adding the swaps secures our free cash flow and ability to maintain our 2021 drilling program without fear of another retraction in oil prices.

Key Points: 
  • Mr. McKinney further remarked Adding the swaps secures our free cash flow and ability to maintain our 2021 drilling program without fear of another retraction in oil prices.
  • With the volatility we have experienced in oil prices, taking the defensive position we have with oil hedges is in the best interest of our shareholders at this time.
  • Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations in Texas and New Mexico.
  • Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Companys strategy and prospects.

New IEF Report Warns Oil and Gas Investment Cuts Will Spur Higher Prices and Volatility

Retrieved on: 
Thursday, December 10, 2020

Although upstream investment has peaked for now, ongoing demand for oil and gas will necessitate an increase soon.

Key Points: 
  • Although upstream investment has peaked for now, ongoing demand for oil and gas will necessitate an increase soon.
  • Without sufficient investment, a reduced supply of oil and gas could lead to higher prices and greater market volatility, slowing the global economic recovery and jeopardizing energy security, and international goals, the report concludes.
  • The report Oil and Gas Investment in the New Risk Environment was presented in an online event Thursday by IEF Secretary General Joseph McMonigle and BCG Global Energy Practice Leader Alan Thomson.
  • Given that producing natural oil and gas wells decline over time, slashing investment in new production locks in lower total supply, McMonigle said.

Russia Oil and Gas EPC Market Growth, Trends, and Forecasts Report 2020-2025 - ResearchAndMarkets.com

Retrieved on: 
Thursday, December 3, 2020

The "Russia Oil and Gas EPC Market - Growth, Trends, and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Russia Oil and Gas EPC Market - Growth, Trends, and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
  • The Russian oil and gas EPC market is expected to grow at a CAGR of less than 1% during 2020-2025.
  • However, United States sanctions and restrictions on collaboration with Russia is likely to affect the country's oil and gas EPC market.
  • Hence, the increasing petrochemical infrastructure is expected to drive the Russian oil and gas EPC market during the forecast period.

Current Research Confirms that Crude Oil and Natural Gas are the Ultimate Poverty Eliminators

Retrieved on: 
Tuesday, December 1, 2020

Recently, the United States has been the top crude oil producer globally, ahead of Saudi Arabia and Russia.

Key Points: 
  • Recently, the United States has been the top crude oil producer globally, ahead of Saudi Arabia and Russia.
  • Texas, North Dakota, New Mexico, Oklahoma, and Colorado are responsible for 69 percent of the total United States crude oil production.
  • Across many more states in the southern and middle United States, communities have found similar economic success due to the oil and gas industry.
  • It seems apparent that the oil industry and other private sector opportunities are the most effective tools to alleviate poverty in the US.

OPEC Countries Caprolactam Market to 2024 - Build Your Investment Strategy by Assessing Market Attractiveness - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 25, 2020

The "OPEC Countries: Caprolactam Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "OPEC Countries: Caprolactam Market" report has been added to ResearchAndMarkets.com's offering.
  • This report presents a strategic analysis of the caprolactam market in the OPEC countries and a forecast for its development in the medium term.
  • It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc.
  • This is the most detailed and comprehensive report about the caprolactam market in the OPEC countries currently available!

Flexible Pipes Market Value to Increase Over $123 Million During 2020-2024 | Post-Pandemic Industry Planning Structure | Technavio

Retrieved on: 
Wednesday, November 25, 2020

The increasing incidence of COVID-19 has affected oil and gas manufacturing and related activities and subsequently the demand for flexible pipes.

Key Points: 
  • The increasing incidence of COVID-19 has affected oil and gas manufacturing and related activities and subsequently the demand for flexible pipes.
  • It has increased investments in mature oil and gas fields, which is driving the demand for flexible pipes for oil and gas production.
  • Saudi Arabia, Iran, and the UAE are the key markets for flexible pipes for the oil and gas industry in MEA.
  • Market growth in this region will be slower than the growth of the market in APAC and South America.

Global Algae Oil Markets, 2012-2019 & 2020-2027: Focus on Fuel Grade, Food Grade, Biofuel, Dietary Supplement, Food & Beverage & Animal Feed - ResearchAndMarkets.com

Retrieved on: 
Thursday, November 19, 2020

Algae Oil Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027

Key Points: 
  • Algae Oil Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
    Algae Oil Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
    Algae Oil Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
    Fuel Grade (Oil Grade) World Market by Region/Country in US$ Thousand: 2020 to 2027
    Fuel Grade (Oil Grade) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
    Fuel Grade (Oil Grade) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
    Food Grade (Oil Grade) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
    Food Grade (Oil Grade) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
    Food Grade (Oil Grade) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
    Feed Grade (Oil Grade) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
    Feed Grade (Oil Grade) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019
    Feed Grade (Oil Grade) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
    Biofuel (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
    Biofuel (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
    Biofuel (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
    Dietary Supplement (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
    Dietary Supplement (Application) Global Historic Analysis in US$ Thousand by Region/Country: 2012-2019
    Dietary Supplement (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
    Food & Beverage (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
    Animal Feed (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
    Animal Feed (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
    Animal Feed (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
    View source version on businesswire.com: https://www.businesswire.com/news/home/20201119005962/en/