Connect with us

Economy

Bank of America assumes $ 100 barrel of oil – O Jornal Económico

Published

on

Sessão do Infarmed COvid-19

Bank of America Merrill Lynch (BoA), in an analysis published this Monday in international newspapers such as El Economista, admits a barrel of Brent could surpass $ 100 a barrel this winter.

In addition to the possibility of cold weather, we must add the surprising slowness of supply (from the oil producers) due to the reaction to the growing demand for oil as a result of the economic recovery. Oil companies are postponing their investment decisions in the face of a somewhat uncertain future in which developed governments plan to curb their consumption of polluting energy in favor of renewable energy sources.

The report of the American bank claims that in its baseline scenario (the most likely) the price of Brent crude by the end of the year will be between $ 70 and $ 75, but admits that the bank sees “upside risks.”

“In line with this vision ($ 70 or $ 75), we are forecasting a deficit [oferta menor que a procura] in the coming months, this should support oil prices until the end of the year. However, a new wave of COVID-19, hysterics in the markets, the debt crisis in China or the return of Iranian oil barrels could lead to a drop in oil, “BoA experts explain.

“In fact, climate is quickly becoming the most important driver of energy markets. If the winter is much colder than usual, global oil demand could increase by another 1-2 million barrels per day. In such a scenario, the oil market deficit this winter could easily exceed 2 million barrels per day and reach our projected target of $ 100 per barrel, ”analysts say the American bank.

See also  5 tips to save money at the end of the month

A barrel of Brent, the benchmark for Europe, will rise 1.06% today to $ 73.69, while oil from West Texas in the US will rise 1.41% to $ 70.70.

Oil prices “rose” strongly in the session on Monday, on the one hand, the Organization of the Petroleum Exporting Countries (OPEC) predicts that global oil thirst will surpass pre-pandemic levels in 2022 thanks to better vaccination rates and increased public confidence in managing the Covid-19 pandemic governments, which will stimulate the restoration of mobility, both nationally and internationally.

In its monthly report, OPEC raised its forecast for global oil demand for 2022 by almost one million barrels per day to 100.8 barrels per day, the highest level of demand since 2019, when it was 100.3 million barrels of oil. Thus, OPEC believes that the demand for black gold will recover above expectations within six months, which could be an additional impetus for the price of oil.

In August, OPEC’s daily production increased by 151,000 barrels to 26.76 million barrels per day.

Crude oil futures reflect the optimistic forecasts of OPEC and the outlook for the Bank of England, with the rise in prices for Brent crude (the benchmark in Europe) and West Texas (in the US) close to 2%.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

Published

on

Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

Continue Reading

Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

Published

on

The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

Continue Reading

Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

Published

on

Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

See also  5 tips to save money at the end of the month

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

Continue Reading

Trending