Ban on Russian fossil fuels

‘Oil’ Presumed To Be The Weakest Link Of Fossil Fuel!

Credits: Chris LeBoutillier/ Unsplash
  • Consequently, oil producers should prepare for a faster-than-expected stranding of their reserves.
  • Coal producers and users have a symbiotic relationship. 
  • Investors who build coal-burning power plants are unlikely to shut down voluntarily. 

The New York Times recently carried a front-page story asserting that Saudi Arabia planned to “keep oil at the center of the global economy” for decades. 

Supply chain linkup

Other Mideast Gulf countries no doubt share...

https://mfame.guru/oil-presumed-to-be-the-weakest-link-of-fossil-fuel/

Spain Battling With High Supply But No Storage Capacity

  • Spain has one of the largest LNG storage facilities in europe.
  • Currently Spain is going through a warm weather and slowdown of economic growth which led to excessive supply of the product.
  • An economics professor also said that Europe lacks LNG infrastructure in storage.

There have been large queues forming off the coast of Spain this week, dozens of Liquid Natural Gas (LNG) tankers have been waiting just off the Spanish coast to unload their cargo. But a bottleneck has developed due to a lack...

https://mfame.guru/spain-battling-with-high-supply-but-no-storage-capacity/

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