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This article was first published in Rigzone here
As the global oil and fuel industry struggled this year to adapt to the dramatic escalation of market adjustments caused by COVID-19 blockades, corporations involved in the crude oil garage benefited from a favorable position. Rigzone’s support have recently shown a voluntary interest in the issue.
Read on to learn more about oil market conditions, as well as other existing issues, in this review of some of last week’s most popular later articles on Rigzone.
The fall of the super-fire oil storm disappears
In the spring of this year, the crude oil garage was positive in a slow oil market in a different way. At that time, super-labor homeowners can simply gently rate oil investors daily six-figure garage rates to buy crude amid an ongoing rebalancing in the oil market, driven by points such as declining production and demand recovery, oil home owners have noticed that their leverage evaporates and rates fall into the four-digit range. Don’t expect market situations to occur for short-term super-labor homeowners.
A chimney lights up in an oil tanker
Negative news from oil tankers last week was not limited to market conditions. As revealed in this staff article, a Panamanian-flag ship carrying 270,000 tons of crude oil from Kuwait to India stayed in a fire place in eastern Sri Lanka. sending call after the explosion of a boiler in the engine room. The military added that it was being executed with officials from India and Sri Lanka to involve the spread of the chimney site and that a team member of 23 people from the tanker had not yet been located. .
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Waylaid $200 billion LNG Australia Boom
Despite large investments in LNG export infrastructure over the past decade, Australia’s drive towards the world’s largest LNG exporter has been difficult. As this Bloomberg article points out, two of the country’s major LNG projects are suffering from demanding operational situations, ranging from damaged appliances to strikes. It also notes that urban residents in east Australia facing fuel shortages are partly blaming LNG exporters for their difficulties. , are fueling a debate between the Australian pro-industry government and environmental activists about the country’s energy mix.
To play the author, mveazey@rigzone. com.
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