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What Is GeoIgnite And What Does It Hold In 2021 For Canada’s Geospatial Industry?
April 12, 2021 By Editor
rd, and Canada’s National Geospatial Conference is bigger and better than ever. Breaking new ground, the conference is free and the first three days are presented bilingually in French and English for the first time.
With the theme “
Leadership and Geospatial Intelligence,” the conference continues to be the platform for conversations and discussion on the future of Canada’s location and technology sector. However, given the huge interest it has been able to generate within the community, the conference is spread over several days now. It starts with a
Big Oil s Secret World of Trading
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Big Oil s Secret World of Trading - BNN Bloomberg
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The amount includes both strategic and commercial inventories, the Bloomberg source said.
Data compiled by oil data analytics company OilX (that is powered by local insights from SIA Energy) shows Chinese storage at close to 1.1 billion barrels and has been growing again after a decline in December 2020, with massive imports during February 2021, OilX chief executive Florian Thaler told Oilprice.com.
OilX also noted that the Chinese SPR has been full to the brim since October 2020 at around 380 million barrels. Some of the SPR effectively had to be going into leased commercial storage, the analytics firm said.
China went on an oil-buying spree last year when international prices tanked to stock up on the vital commodity. However, as inventories built up, concern emerged that the world’s second-largest consumer of oil could run out of storage space, which would have hurt prices.
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