Why oil could miss out on the next commodity supercycle

yahoo2021-03-05

Oil will be left on the sidelines of the next commodities supercycle as rising supply dampens prices, and the global transition to green energy intensifies.That’s the view from Capital Economics on a ...

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Comments

Ricozz
2021-03-08
Ricozz
Wat next come
AhShui
2021-03-08
AhShui
Help to like pls
Kenny77
2021-03-08
Kenny77
Ya more ev coming up
- Kenny77:
  Help me to comment and like
Yanosan92
2021-03-08
Yanosan92
[微笑]
JoeK
2021-03-07
JoeK
At least for another 10 years, we will need this gold
- KopiLim:
  [财迷]
jwjwjw
2021-03-07
jwjwjw
thanks

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The announcement sent U.S. crude futures (CL=F) to their highest level in more than a year on Thursday. However, the London-based research firm does not expect prices for the pandemic-battered commodity to surge for long.“Slower demand growth and an abundance of supply will limit gains in oil prices over the long term, which we think will ultimately prevent oil from featuring in the next commodity supercycle,” assistant commodities economist Samuel Burman wrote in a research note on Thursday.Capital Economics believes global demand will peak around 2030, and fall continuously thereafter. The firm sees the transition to electric vehicles and sustainable energy being backed by a growing number of first-world governments leading to a “structural decline in oil consumption.” At the same time, it expects long-term economic damage from COVID-19 to limit demand from emerging markets, many of which are also embracing EVs.Commodities have seen four supercycles over the past 100 years. 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pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320577963","repostId":1123831681,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":320569905,"gmtCreate":1615158302407,"gmtModify":1704778895387,"author":{"id":"3553679778150469","authorId":"3553679778150469","name":"Kenny77","avatar":"https://static.tigerbbs.com/77c5e512c4b7983d3f3075d8ec4c2f2d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ya more ev coming up","listText":"Ya more ev coming up","text":"Ya more ev coming up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/320569905","repostId":1123831681,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3737445,"gmtCreate":1615158327108,"gmtModify":1680779481920,"authorId":3553679778150469,"author":{"id":3553679778150469,"authorId":3553679778150469,"name":"Kenny77","avatar":"https://static.tigerbbs.com/77c5e512c4b7983d3f3075d8ec4c2f2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":320569905,"type":1,"supId":0,"prevId":0,"content":"Help me to comment and like","text":"Help me to comment and like","html":"Help me to comment and 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another 10 years, we will need this gold","text":"At least for another 10 years, we will need this gold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/320874410","repostId":1123831681,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3734650,"gmtCreate":1615089138709,"gmtModify":1680779442106,"authorId":3562886608344748,"author":{"id":3562886608344748,"authorId":3562886608344748,"name":"KopiLim","avatar":"https://static.tigerbbs.com/04fcef53a2e715c173a40fafa14a7fe6","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":320874410,"type":1,"supId":0,"prevId":0,"content":"[财迷]","text":"[财迷]","html":"[财迷]"}],"langContent":"EN"},{"id":320847405,"gmtCreate":1615085147907,"gmtModify":1704778544296,"author":{"id":"3560660306704431","authorId":"3560660306704431","name":"jwjwjw","avatar":"https://static.tigerbbs.com/59fdc8dca9a584fe183e4dccffb8d97f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"thanks","listText":"thanks","text":"thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320847405","repostId":1123831681,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":77,"commentSize":19,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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