During last week’s Impact mobility rEVolution’18 congress, I took part in a debate about the role of public institutions in creating the electric car market. I felt the subject to be important enough to be addressed in a broader context.
For the average car user, electromobility is associated with electric-powered passenger vehicles, chargers, quick acceleration and numerous urban traffic facilities.
Oil prices were expected to stay low for long, but here they are on the rise again. The increase in spot prices to more than USD 70 per barrel of Brent crude was driven by geopolitical factors, which can disrupt short-term supplies.
In March, Houston, Texas, the heart of the US oil industry, for the 37th time played host to CERAWeek, the largest global energy forum.
The prices of crude oil and liquid fuels are quoted in US dollars, with transactions also made in that currency. However, 90% of the supply of these commodities and 80% of the demand come from outside the US, being settled in other currencies.
Why did refining margins go down in the last quarter of 2017? The main reason was the rapid increase in oil prices.