{"id":3333,"date":"2022-11-03T21:22:29","date_gmt":"2022-11-03T21:22:29","guid":{"rendered":"https:\/\/innovamas.nakasawaresources.com\/?p=3333"},"modified":"2022-11-03T21:22:29","modified_gmt":"2022-11-03T21:22:29","slug":"oil-market-developments-and-new-perspectives","status":"publish","type":"post","link":"https:\/\/innovamas.nakasawaresources.com\/en\/oil-market-developments-and-new-perspectives\/","title":{"rendered":"Oil market developments and new perspectives"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]As the <\/span>non-renewable natural resource that contributes the largest percentage of the total energy consumed worldwide,<\/b> oil is considered one of the most important energy sources in today’s society. In addition, its importance lies in the high dependence of nations on this resource since its first industrial applications in the mid-19th century.<\/span><\/p>\n

In this sense, the instability that characterizes the international market and the variations in prices have led the industry to be aware of new projections and to establish adaptation strategies to maintain a positive development in all possible scenarios. During the<\/span> covid-19 pandemic, <\/b>global oil demand was significantly reduced by at least 18 million bpd<\/b><\/a>, <\/b>according to figures from the Energy Information Administration.<\/span><\/p>\n

However,<\/span> in the last year the outlook has become more encouraging<\/b>, with consumption recovering. For now, it is expected to exceed 2019 levels.<\/span><\/p>\n

New perspectives in the global market<\/b><\/p>\n