O preço do barril de petróleo está quase chegando aos US$ 100,00

The Price of a Barrel of Oil Is Almost Reaching $100.00

Written by Paulo Nogueira

Published on 16/05/2018 at 10:18

Updated on 16/05/2018 at 10:30

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This Was the Value We Used to Have Before the Crisis. The Market Thinks That Oil Prices Will Reach This Average in the Coming Months

Oil is rising again, with investors already expecting US$ 80 per barrel this month. Brent crude, the international benchmark, rose nearly US$ 1 per barrel on Tuesday (05/15) to US$ 79.22, the highest price since November 2014, amid signs of a tighter oil market. The U.S. West Texas Intermediate, meanwhile, added 68 cents to $71.64 per barrel. Supply cuts led by OPEC and Russia coincided with a decline in production and exports from Venezuela due to economic and political crises and sanctions on Iran.

Venezuela’s crude oil exports, according to Kpler tanks, are on the brink of collapse, with numbers showing production below 1 million barrels per day at historic lows, external oil sales from Venezuela have fallen 40% compared to the previous year. The country’s energy situation is also bleak, as creditors of PDVSA, the state-owned oil company threatened with extinction, attempt to seize assets abroad.

A decline in Iranian oil supply is also expected with the new round of U.S. sanctions, launched now under the Trump administration, following the country’s withdrawal from the nuclear deal. And to top it off, Saudi Arabia is producing less oil than at any time since the production cut agreement took effect in early 2017.

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The global energy market is preparing for a rise in oil prices, and these phenomena in the market may provide the perfect recipe for oil at US$ 100 per barrel next year, according to analysts at London-based brokerage PVM.

However, the Saudis have stated that they have stepped in to stabilize the oil market with other producers if necessary, but this has raised questions about whether the participants involved in the supply cut agreement, mainly Russia, may undo the 18-month production agreement with OPEC.

It is also important to note that despite the robust growth in U.S. shale oil fields, these barrels have not managed to help fill the gap as much as people initially anticipated, as pipeline bottlenecks and other infrastructure issues prevent oil from reaching refineries and export terminals. Reaffirming, a thesis of rising prices at least in the short term. Source: Portal do Petroleiro

The Price of a Barrel of Oil Is Almost Reaching $100.00

This Was the Value We Used to Have Before the Crisis. The Market Thinks That Oil Prices Will Reach This Average in the Coming Months

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The Price of a Barrel of Oil Is Almost Reaching $100.00

This Was the Value We Used to Have Before the Crisis. The Market Thinks That Oil Prices Will Reach This Average in the Coming Months

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

In Niger, mud buildings have stood for ten generations while the world spends billions on concrete and steel, now African architects are proving at the Venice Biennale and in real projects that red earth can be the smartest and most sustainable building material of the 21st century.

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A study by Nature Geoscience already has a date for the end of oxygen in Earth’s atmosphere; the research indicates that the increase in solar luminosity will reduce the CO₂ available for photosynthesis, leading to an abrupt drop in the gas in about 1 billion years.

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Grey seal pups were appearing with terrifying marks on Sable Island, and after decades of speculation about sharks and boat propellers, scientists discovered that the danger came from where it was least expected: adult males of their own species during the breeding season.

People are leaving traditional builds that take months and can cost more than R$ 2,500 per sqm, to invest in shipping containers that become 119 sqm modular homes, with three bedrooms, two bathrooms, a large kitchen, and glass walls, almost ready to live on the plot.