From oil to aluminum .. the five most prominent goods you should follow this week

In light of the recession seen by the oil drilling activity in the United States of America, a question arises on the method of planning oil field services to overcome this slowdown, as the answer to this question will be at the forefront of investor interests this week when the big drilling companies announce their profits. The decline in oil demand has also led a number of refineries to the closure, while the countdown is still implementing clean energy projects in the United States. In the midst of the World Trade War, ethanol is at the heart of events. In this topic, we look at the most prominent developments in the level of global basic commodity markets through 5 important graphs worthy to follow up with the launch of the Trading Week, as follows: Oil the traders focus this week on the results of the works of “Hallibrton” and “Baker Hughes”, in an effort to plan the method of planning the to restore the United States. Also read: The largest oil services business in the world warns that they are being delayed to the exploration and has shown indicators of the “Chlorberger” business, the largest oil services provider in the world, as announced last Friday modified profits for the second quarter that exceeded expectations. Analysts expect the sector to be the largest decline in profits in nearly four years. Refineries At the same time, the closure of refineries in Europe and the United States of America will reduce the net refining capacity of 75 thousand barrels per day this year, according to Bloomberg Nef -data, which followed more than 60 facilities around the world. In China, the refinery sector stares at a ‘crossroads with a highlight of the question’ because it faces a refinement capacity of 840,000 barrels per day, according to the BMI the risk of closing before the end of 2028. China -Raffineries are reluctant to buy oil amid poor demand and profits. More details here are likely to come most of these cuts from the government’s refineries, although independent refineries are also under pressure. Ethanol stands in the future in the UK in the future in the future with serious consequences, after surprised by a trade agreement concluded with the United States in May last year. Read more: The Trump agreement and the UK have overthrown British ethanol producers. The agreement has canceled the customs of customs imposed on the import of US ethanol, which opened the door to the flow of large amounts of cheap supplies that threaten the elimination of local producers in the UK, and only two. These developments are of particular importance, as this biofuels are a significant element in many industrial sectors in Britain. On the other hand, Washington’s focus has now changed in Brazil, where it made the obstacles imposed by the South American state on the American ethanol an important point in a commercial investigation currently being conducted. Aluminum is known as lightweight and resistance to corrosion, and is widely used in everything from cars and homes to packaging material. However, aluminum became more expensive for the Americans, after Washington was imposed by 25% on the import duties last March, increasing to 50% in June. Also read: Senior CEOs in the aluminum sector: Trump’s fees that threaten to crush demand said Alcua, the largest aluminum producer in the United States, said these fees cost $ 135 million in the first half of this year, while the giant mining company Rio Tinto Group said the bill was $ 300 million. Alcua CEO William Openingger has often warned that US customers will bear these costs. Renewable Energy breeds The developers of clean energy time to complete their projects before the United States begin to reduce tax incentives within the economic law approved by US President Donald Trump. According to a report issued by “Bloomberg in NF”, the operation of the installation of energy projects will fall 41% to 2027, when wind and solar energy projects begin to lose their qualification to get incentives. Read more: Bankruptcy after another .. falls clean energy in America due to Trump’s policy? It is expected that the capacity of the projects implemented in 2028 to 48 GB, compared to 81 gigawatts in the previous year, is accelerated, with the frequency of developers’ work to end projects before the end of the support period.