US News Handelsblatt Energy Sipple: Demand Up, Investing Down: Oil could be temporarily scarce

22:20  17 january  2022
22:20  17 january  2022 Source:   handelsblatt.com

Energy: Income-weaker giving pro rata most from

 Energy: Income-weaker giving pro rata most from rising energy prices burden households with a low income particularly hard. According to the Federal Statistical Office, they provide pro rata most for electricity, heating and hot water. © Hauke-Christian Dittrich / DPA A man turns in an apartment at the thermostat of a heater. households with a monthly net income below 1300 euros turned in 2020, as a fuel oil, gas and electricity were comparatively cheap, on average 95 euros for live energy. This corresponded to a share of 9.5 percent of thei

The demand for oil and gas is rising again. However, the conveyor companies introduce themselves on the energy transition. Short term can be problematic.

Trotz Klimawende steigt die Nachfrage für fossile Rohstoffe weiter.  © DPA Despite the climatic, demand for fossil raw materials continues to increase.

A year ago, the fossil raw material giants have already explained the end of the oil age in view of the business forecasts under pressure by the energy transition. But since then, the market shows significant recovery. "What we see here is the answer to the corona crisis. Demand is rising again, so the prices are increasing, "explains Philippe Ducom, Europe boss of the US oil company EXXON Mobil, on Monday at the Handelsblatt Energy Sipple in Berlin.

How to make homemade walnut oil?

 How to make homemade walnut oil? Your garden houses a beautiful walnut and you do not know what to make berries that it produces in large quantities? This is an opportunity to make your own walnut oil! Here is the instructions for use. The nut is a suitable hull fruit and consumed from antiquity. In the thirteenth century, its oil was considered a luxury dish that was also used in painting to bind colored pigments or fuel to illuminate large monuments and cathedrals.

This is not a contradiction. Ducom explained that the industry has been standing in front of one of the biggest challenges for generations: "We have to breastfeed the energy hunger in the world, but at the same time see. How we reach the goal of climate neutrality. "For this, the company wanted to invest 15 billion US dollars by 2027 in hydrogen, CO2 storage and biofuels. Most of the funds at Exxon Mobile and the competition still flows in oil and gas.

Currently, a good deal can be made with promotion and sale fossil energy. The price of a barrel of the North Sea Hotel Brent has increased by 50 percent last year and thus no longer as high as three years. On Monday, a barrel of $ 85.90 cost.

Where due to the Corona-related economic crisis was still a minus of more than $ 35 billion at the end of 2020, EXXON Mobil, Chevron, Shell, BP and Total Energies now make up 53 billion dollars profit. The end of the fossil energy sources oil and gas is at least postponed with the economic upswing. "We also need gas over the next few years, that's out of question," Wintershall boss Mario said more on the Handelsblatt Energy Sipple. The Kassel company would therefore continue to focus on the natural gas business.

Kölner Ex-IHK boss guides "Energy4Climate": Landesdaughter takes care of energy transition

 Kölner Ex-IHK boss guides the new national company for energy and climate protection operates under the title "energy4climate" and has made a lot. It is designed to be "economy and climate protection, central helpers for innovation and digitization" and accompany the "companies on the way to climate neutrality by 2045," said NRW Minister of Economic Affairs Andreas Pinkwart (FDP) at the official start of the new company on Monday in Dusseldorf. © NRW Energy4Climate Andreas Pinkwart (l.) And Ulf Reichardt PinkWart: Ecolo

The characters are first on gray instead of green. No wonder: At the high energy prices , the billion generes deserve strong . The International Energy Agency (IEA) has even surprisingly adjusted its forecast for oil demand 2022. The demand dynamics are stronger than many market observers thought in view of the milder consequences of the omikron variant of the coronavirus, says IEA boss Fatih Birol.

Less investments in exploration - so far

At the same time, the organization of the oil-exporting countries (OPEC) continues to keep the range of oil market. Although demand is already on a pre-crisis level, the OPEC to September wants to further throttle oil production. Markets and consumers must therefore be for high oil and energy prices longer.

also because the large oil companies with regard to the strict climate protection pads with investments in drilling projects are now reserved. The Analysis House Rystad Energy assumes that investments therefore do not keep up with the increase in demand.

New highs for corona new infections and incidence

 New highs for corona new infections and incidence while infectious numbers break a record after another, the debate continues to pass the appropriate pandemic rules. The Robert Koch Institut (RKI) gave the number of new infections over the past 24 hours on Wednesday morning with 112,323. This exceeded the value for the first time since the beginning of the pandemic the brand of 100,000.

actually gave Shell , BP , Chevron , Exxon and Total Energies in the first nine months 2021 significantly less for their exploration projects than a year ago. This could tip the price situation at least at short notice. In the long term, however, there is enough oil, assure the promoters: "We have to continue to invest in oil production," said Exxon Mobil European Chief Duchom.

also experts expect that the economy of "Big Oil" will only be short-lived. As early as this year, investments could rise again - if companies have recovered completely from the pandemic and both demand and prices are still high.

Although all major corporations offered in the industry, significantly more in wind, sun and bioenergy. Whether the investments are really increasingly flowing in renewable energies rather than in new oil and gas projects, in view of business development needs to show.

More: OPEC PLUS holds on funding policy - the raw material rally should continue .

Reader Favorites: Handelsblatt Analysis: What Germany's best-selling coronates from pharmacies and trade Tugs

Low earner: Great differences in the regions

 Low earner: Great differences in the regions In East Germany, the number of low earners is significantly higher than in the west of the republic. Women and people without German citizenship are also more common in the low-wage sector. In urban areas, the share of low earners tends to be lower than in rural areas. © Provided by Finanzen.net El Lobo / Shutterstock.com Women are above-average often affected by low wages according to a study by the Economic and Social Science Institute (WSI) The Union-based Hans-Böckler Foundation is consider

Retirement: 3000 hours of sunshine per year, low taxes: five popular states are paradise for German pensioners

monetary policy: Fed sets ECB under pressure: Return of the Federal bond could be significant Climb

Comment: 150,000 euros annual salary soon quite normal? Under Knowledgeworkers grows a dangerous bubble

Energy policy: energy-intensive industry calls for radical cut during electricity price

Bonez MC: WOW! His girlfriend shows her dream body .
"187 Street band" boss Bonez MC (36) can not keep behind the mountain for months. Again and again he indicated that there are a new woman on his side , with which it's more and more serious . It took a while, but then it was clear: the loved ones are "Mary's Crib", which now brings it alone to Instagram on more than 240,000 followers. At Tiktok, it's even a few more. © Instagram / Bonez187erz Bonez MC: WOW! His girlfriend shows her dream body © Instagram / Marys.cribed Mary Mary seems to thank

usr: 0
This is interesting!