Scorpi18 | Market Insights

🛢🇪🇺#gas #oil #europe #oilrefining
BBG: against the backdrop of rising gas prices in Europe, the use of oil for industrial purposes is becoming more cost-effective than gas. We have already seen increased gas-to-fuel oil switching and gas-to-gasoil is next.

Europe and Asia will all lean towards consuming more oil and more coal if they in any way can do so #coal #asia

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942 viewsedited  Feb 11 at 05:51

🛢🇪🇺#gas #oil #europe #oilrefining
BBG: against the backdrop of rising gas prices in Europe, the use of oil for industrial purposes is becoming more cost-effective than gas. We have already seen increased gas-to-fuel oil switching and gas-to-gasoil is next.

Europe and Asia will all lean towards consuming more oil and more coal if they in any way can do so #coal #asia

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