Oil prices fell on Tuesday as the Suez Canal was cleared and concerns about global bottlenecks eased. Traders are now focused on the upcoming OPEC+ meeting, which most observers believe will result in an extension of cuts, and the impact of Covid-19 on oil demand in Europe. Chart of the Week - Annual spending by U.
S. utilities on transmission has increased from $9.1 billion in 2000 to $40 billion in 2019.- The increase includes both new investment and an increase in opex costs. - One example:…Oil Prices Fall As Bearish Sentiment Returns
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