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June 21, 2021

Big Oil’s move to offshore wind risks inflating seabed prices - Orsted- oil and gas 360

Big Oil’s move to offshore wind risks inflating seabed prices – Orsted

June 21, 2021

Reuters COPENHAGEN – The world’s largest offshore wind developer Orsted ORSTED.CO is concerned that Big Oil’s eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters. European oil firms including Total TOTF.PA, BP BP.L, Equinor EQNR.OL and Shell RDSa.L have all outlined plans to speed up investments in renewables, including offshore wind, as

As demand accelerates, BofA expects oil to reach $100/bbl next year- oil and gas 360

As demand accelerates, BofA expects oil to reach $100/bbl next year

June 21, 2021

Reuters BofA Global Research raised its Brent crude price forecasts for this year and next, saying that tighter oil supply and demand balances in 2022 could push oil briefly to $100 per barrel. “We believe that the robust global oil demand recovery will outpace supply growth over the next 18 months, further draining inventories and setting the stage for higher

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