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Brent suffered a significant drop of 5% and reached its lowest level since July, ending the day lower this Thursday (17).
Shell is committed to investing in sustainable initiatives that aim for a cleaner, more sustainable future. Find out more about innovative projects electricity that the company has developed to promote the energy transition and reduce its carbon footprint.
The value of the oil suffers a new drop, reaching the lowest level since July this year, directly impacting several sectors of the global economy.
The company Gas Bridge finalizes the acquisition of Manati, aiming to use the structure to store CO2, contributing to sustainability measures and reducing carbon emissions.
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In agreement with European Energy, Petrobras signs a partnership for the production of e-methanol, demonstrating progress in the commitment to alternative and less polluting energy sources.
ExxonMobil reinforces the importance of the oil industry in the energy transition, highlighting its fundamental role in generating resources and developing cleaner technologies.
Price of Oil hits low since July
The market recorded a significant reduction of approximately 5% on this day, reaching minimum levels since July. This drop was motivated by investor apprehension regarding global demand for Oil, after the publication of negative economic indicators in both EUA how much in China.
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The prices of WTI fell 4,82%, reaching US$73,09 per barrel, while the price of Brent fell 4,63%, reaching US$77,42 per barrel. This drop is related to total stocks of Oil, which remain close to 17,5 million barrels, reducing fears of a shortage of the product.
Additionally, US industrial production decreased by 0,6% in October compared to September. On the other hand, the demand for Oil from the refineries of China also decreased, going from 15,48 million barrels per day to 15,05 million barrels per day in the same period.
The company GBS concluded the acquisition of 10% of PRIO in the Manati field, located on the coast of Bahia. This transaction marks GBS' entry into the concession, targeting future opportunities to transform the field, at the end of its useful life, into a gas storage business.
Petrobras signed a memorandum of understanding with the Danish company European Energy to evaluate opportunities related to e-methanol in Brazil. The agreement provides for the analysis of business opportunities to develop a production project for a e-methanol in the country.
O e-methanol is a form of energy produced by the combination of green hydrogen, obtained from renewable sources such as energy solar e wind, with carbon dioxide of biogenic origin.
It is important to note that the Oil should not be seen as solely responsible for the environmental impact. Oil and gas companies can play a key role in the transition to a low-carbon economy, and demonizing them does not help reduce global emissions.
Investments in new energy solutions
The businessman highlighted the importance of seeking alternatives beyond energy wind, solar and electric vehicles, and mentioned Exxon's investment of US$17 billion in technologies such as carbon capture, hydrogen, biofuel and lithium.
He emphasized that the transition to new forms of energy cannot be done abruptly, considering that the current energy system was built over 150 years. The focus, according to him, is not on Oil and gas, but rather in the emissions generated by these sources.
Transformation of New York heliports to receive electric vertical take-off landing vehicles (eVTOL) – plans were announced to adapt the city's heliports to enable them to receive electric vertical take-off and landing vehicles (eVTOL).
Recently, the companies Joby and Volocopter carried out flight tests with their electric flying car models over the city.
The expectation is that commercial flights will begin operating from 2025.
Advances in the expansion of renewable energies. According to Aneel, several new energy sources renewable energy, representing 89,8% of the total new capacity built in the country. The total MW of plants installed between January and October was 7.799,1.
Check out the rankings of the largest plants in Brazil, both solarthat's how much winds. Regarding the Blackout in São Paulo, Aneel was asked to cancel the concession of Enel São Paulo due to the delay in resuming energy supply and the difficulty in connecting public equipment to the electricity grid.
The measures will be published within 30 days after the conclusion of the inspection.
The authorities' daily agenda will also be sent by email.
Source: EPBR Agency
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