- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
- Africa: BW Offshore wraps up much-anticipated sale of Nigerian FPSO
- Senegal: European JV aims to revolutionize country’s power infrastructure
- Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’
- Aramco CEO calls for ‘more realistic and robust’ multi-source plan in global energy transition
Iron ore may reach a level of less than $ 40 per metric ton this year, amid a backdrop of increasing low cost supply and decreased demand from China. The statement was made yesterday (5) by Andy Xie, former chief economist for Asia Pacific at Morgan Stanley, who predicted the collapse of the commodity from the peak in 2011.