OilPrice.com (November 24)
“The international crude benchmark, Brent, could dip to the $30s per barrel handle by 2027 as oversupply could overwhelm the market, according to a JP Morgan forecast.” That is, however, beyond current consensus. “Despite the fears of a glut, analysts and investment banks don’t see oil prices moving down to $40 or below, even as oil is set to decline in the near term with strong supply from OPEC+ and the non-OPEC producers in the Americas.”
Tags: $30, $40, 2027, Analysts, Benchmark, Brent, Consensus, Crude, Fears, Forecast, Glut, Investment banks, JP Morgan, Market, Oil prices
BBC (May 17)
“There’s now a 66% chance we will pass the 1.5C global warming threshold between now and 2027. The chances are rising due to emissions from human activities and a likely El Niño weather pattern.” This would not necessarily mean that “the Paris limit had been broken,” especially if the temperature falls back under the threshold in subsequent years. “Scientists say there is still time to restrict global warming by cutting emissions sharply.”
Tags: 1.5C, 2027, Broken, El Niño, Emissions, Global warming, Human activities, Paris limit, Scientists, Temperature, Threshold, Weather pattern
Los Angeles Times (November 17)
“It was already a dangerous race: China versus the United States, each pouring hundreds of billions of dollars into missiles, submarines, warplanes and ships, vying to dominate the Indo-Pacific.” Pentagon estimates suggest “that race may now go nuclear,” with China expected to have 700 nuclear warheads by 2027.
Tags: 2027
