Oil Surges Towards $60

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Oilprice.com – Friday, February 5th, 2021 – Brent is closing in on $60 per barrel for the first time since January 2020. Crude inventories in both China and the U.S. declined this week, offering more evidence of a tightening market. “The physical market is also looking increasingly tight,” said Eugen Weinberg, head of commodities research at Commerzbank AG.

Shell profits drop but boost the dividend. Royal Dutch Shell (NYSE: RDS.A) reported a $4.8 billion profit for 2020, down 71% from the year before. The oil major hiked its dividend for the first quarter, following a sharp cut last year. “We are coming out of 2020 with a stronger balance sheet,” Chief Executive Ben van Beurden said in a statement.

Drop in Energy Prices to Taper Global Inflation - Analysts
Photo by Zbynek Burival on Unsplash

Shell sees oil demand back to “normal” in 2022. “I believe 2022 is going to be sort of back to normal” regarding global oil demand, CEO Ben van Beurden said. However, that depends on the aviation sector experiencing a full recovery.

Oil surges as OPEC+ keep cuts in place. Saudi Arabia kept oil shipments to Asia unchanged even as the market has tightened, sending oil prices higher this week. “It looks like, at every turn, Saudi seems to want to support the market,” Michael Hiley, energy trader with LPS Futures, told Bloomberg.

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“If demand really picks up, we could be short oil pretty quickly, because U.S. production isn’t going to come back fast.” At the same time, the division may increase between OPEC+ members as prices continue to rise.

Engine No.1 pans Exxon strategy. Engine No.1, an investment firm that has taken a large stake in ExxonMobil (NYSE: XOM) and has sought changes to the board and to corporate strategy, criticized the oil giant’s leadership and issued a statement lambasting the company’s latest moves as insufficient.

“A Board that has underperformed this dramatically and defied shareholder sentiment for this long has not earned the right to choose its own new members or pack itself in the face of calls for change,” Engine No. 1 said. The firm said that Exxon’s current course ensures “continued value destruction.”

Supreme Court to hear pipeline case. The U.S. Supreme Court will hear a high-profile case involving the use of the eminent domain. The PennEast Pipeline Co. LLC is looking to condemn land in Pennsylvania from private citizens in order to build the project that would carry shale gas to refineries on the east coast. The case could have broad repercussions over how energy companies can use eminent domain.

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Biden restarts Vineyard wind. The Biden administration said on Wednesday it would restart permitting for the first major U.S. offshore wind farm after the Trump administration froze the process.

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Biden DOE nominee advances. Jennifer Granholm nominated to head the Department of Energy, easily cleared a committee vote, suggesting she will have little trouble earning confirmation. She voiced support for U.S. LNG exports even as she championed climate action.

Ford to double EV investment. Ford (NYSE: F) said it would spend $22 billion on EVs through 2025, twice its earlier plan.

Apple to invest $3.6 billion into Kia Motors. Kia Motors (KRX: 000270) surged nearly 15% after local media reported that Apple (NASDAQ: AAPL) would invest $3.6 billion in the company to build out EVs.

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Chesapeake Energy cuts 15% of staff. Chesapeake Energy (NYSE: CHK) said it would cut 15% of its staff as it prepares to exit bankruptcy.

China’s coal plants 3x more than the rest of the world. China added 38.4 GW of new coal capacity in 2020, more than three times built in all of the rest of the world.

The COVID-19 pandemic has upended global energy investment trends. The pandemic has not broken but intensified global energy trends that emerged on the eve of COVID-19, whether it be the collapse of coal-fired power generation, the growing surplus of oil production, or the booming interest in renewables.

The green industries minting billionaires. Want to get rich quick while playing a part in fighting climate change? Here are the clean energy sectors that have been creating billionaires.

$1 trillion in stranded assets for pipelines. A new report from Global Energy Monitor finds that 212,000 kilometres worth of pipeline is under construction or on the drawing board, roughly equivalent to the entire length of the U.S. highway system. The report says that could result in $1 trillion getting stranded as the energy transition accelerates.

Chevron bids $1.13 billion for Noble Midstream Partners. Chevron (NYSE: CVX) said on Friday it had offered to buy Noble Midstream Partners LP in a deal valuing the company at $1.13 billion. The decision comes just a few months after Chevron bought the upstream operator, Noble Energy.

Interior cancels offshore Alaska lease sale. The U.S. Department of Interior cancelled work on a propose lease sale off Alaska’s southcentral coast, following President Biden’s executive order pausing leasing on federal lands.

South Korea to build $43 billion offshore wind. South Korea unveiled a $43.2 billion plan to build the world’s largest wind power plant by 2030.

Canada oil and gas deals surge 468%. M&A transactions in Canada in the fourth quarter last year were worth US$10.01 billion, up by 468.3 percent from the previous quarter and a surge of 504.2 percent compared to the last four-quarter average of US$1.66 billion, according to data from GlobalData cited by World Pipelines.

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Oil Surges Towards $60 - Brand Spur

Cutting Edge Social Entertainment Platform GazeTV Breaks The Tradition With Blockchain...

HONG KONG SAR - Media OutReach - 14 May 2021 - The brand new social entertainment platform GazeTV.com has officially launched. GazeTV jumps out of the traditional model and has adopted blockchain technology for the advancement of data transparency and management. To encourage content creation and interaction of audiences and creators, there are tokenomic incentives & rewards. Traditional social entertainment platforms lack transparency, most creators are only able to earn small advertising fees through in-stream advertisements. Not only are they unable to predict the revenue from each video, but frequent in-stream advertisements also disrupt users from viewing video content. On the contrary, GazeTV makes use of Ethereum Blockchain and the unique tokenized rewards system "GAZE" to incentivize Gazer community by measuring the uploaded video duration by the second as well as their activities on the platform such as the frequency of view, like, comment and sharing videos. Creators are able to customize the theme and price of their videos. Then audiences can pay to unlock content or to make direct donation to content creators. At the same time, the platform also provides automated content synchronization and data analysis. These assist creators in importing content from multiple platforms to GazeTV. GazeTV private access was started since 30 March 2021. The public version has announced to go-live today. Currently the platform has gained over 360,000 minutes of video content. The platform has successful gained traction, creators such as Gramatik, one of the well known electronic musician and crypto-artists, has started an official channel on GazeTV platform. It is expected thousands and thousands of creators and audience worldwide are joining.

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Oil Surges Towards $60 - Brand Spur


The Unique Tokenized Reward Mechanism, a Technological Breakthrough

GazeTV allows community to earn rewards through the content creation and consumption. The reward mechanism is coordinated with a hybrid model of on-chain and off-chain automation. There are multiple rewards for example Content Upload Reward, Engagement Reward, and Bounty Program. GazeTV advocates a culture of direct support. Audience can use their reward to unlock paid-content, or directly support and donate creators which help to strengthen the audience-creator relationship and motivate creators to produce even better content. Creators can freely set the price of the content and manage those with just a few clicks.


Convenient Automated Content Synchronization and Data Analyzation for Creators. Removing In-Stream Ads to Improve Users' Viewing Experience.

GazeTV provides an automated content synchronization feature. Creators can easily bring their content from other platforms such as Facebook and more than 455 millions WordPress sites to their GazeTV channels in a few easy steps, saving time on uploading videos. GazeTV also provides detailed data analysis for creators. Through simple graphs, creators can gain knowledge on the background of their audiences, including viewing habits, interests, age and location etc., helping them create content that better accommodates their audience. GazeTV also aims to improve the users' experience by removing all in-stream ads so viewers can focus on the outstanding video content.

The "Gazer-lization" Strategy and Roadmap

Mr. Jack Cheng, Co-founder of GazeTV says, "At GazeTV, we're repairing everything that is broken with social entertainment platforms. Instead of only content creators and the audience giving to the platform, we GazeTV give back to our the Gazer community. GazeTV uses a brand new tokenomic model to build an empowered and engaged Gazer community. We highly treasure creators and audience engagement. This is our mission - Every second counts."

According to GazeTV roadmap, the platform development is divided into 3 phases, each with different objectives. Phase 1 is "Gaze Age", the mission is to focus on the right path of technology and functionalities. Phase 2 is "Gazer-lization", at this stage GazeTV aims to become a complete socialization application for everyday use. Phase 3 is "Gaze Space" which is well-kept secret.


About GazeTV

GazeTV aims to combine and utilize entertainment technology. The cutting edge GazeTV.com social entertainment platform uses blockchain technology for data management and tokenized ecosystem for incentives & reward functions. Creators and audience around the world can engage in closer interactions, support and development. For more information, visit GazeTV Foundation website at GazeTVF.com.


#GazeTV

Oil Surges Towards $60 - Brand Spur
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Latest News

Cutting Edge Social Entertainment Platform GazeTV Breaks The Tradition With Blockchain And Tokenized Ecosystem Implementation Audiences And Creators Can Earn Rewards By The Second

HONG KONG SAR - Media OutReach - 14 May 2021 - The brand new social entertainment platform GazeTV.com has officially launched. GazeTV jumps out of the traditional model and has adopted blockchain technology for the advancement of data transparency and management. To encourage content creation and interaction of audiences and creators, there are tokenomic incentives & rewards. Traditional social entertainment platforms lack transparency, most creators are only able to earn small advertising fees through in-stream advertisements. Not only are they unable to predict the revenue from each video, but frequent in-stream advertisements also disrupt users from viewing video content. On the contrary, GazeTV makes use of Ethereum Blockchain and the unique tokenized rewards system "GAZE" to incentivize Gazer community by measuring the uploaded video duration by the second as well as their activities on the platform such as the frequency of view, like, comment and sharing videos. Creators are able to customize the theme and price of their videos. Then audiences can pay to unlock content or to make direct donation to content creators. At the same time, the platform also provides automated content synchronization and data analysis. These assist creators in importing content from multiple platforms to GazeTV. GazeTV private access was started since 30 March 2021. The public version has announced to go-live today. Currently the platform has gained over 360,000 minutes of video content. The platform has successful gained traction, creators such as Gramatik, one of the well known electronic musician and crypto-artists, has started an official channel on GazeTV platform. It is expected thousands and thousands of creators and audience worldwide are joining.


Oil Surges Towards $60 - Brand Spur


The Unique Tokenized Reward Mechanism, a Technological Breakthrough

GazeTV allows community to earn rewards through the content creation and consumption. The reward mechanism is coordinated with a hybrid model of on-chain and off-chain automation. There are multiple rewards for example Content Upload Reward, Engagement Reward, and Bounty Program. GazeTV advocates a culture of direct support. Audience can use their reward to unlock paid-content, or directly support and donate creators which help to strengthen the audience-creator relationship and motivate creators to produce even better content. Creators can freely set the price of the content and manage those with just a few clicks.


Convenient Automated Content Synchronization and Data Analyzation for Creators. Removing In-Stream Ads to Improve Users' Viewing Experience.

GazeTV provides an automated content synchronization feature. Creators can easily bring their content from other platforms such as Facebook and more than 455 millions WordPress sites to their GazeTV channels in a few easy steps, saving time on uploading videos. GazeTV also provides detailed data analysis for creators. Through simple graphs, creators can gain knowledge on the background of their audiences, including viewing habits, interests, age and location etc., helping them create content that better accommodates their audience. GazeTV also aims to improve the users' experience by removing all in-stream ads so viewers can focus on the outstanding video content.

The "Gazer-lization" Strategy and Roadmap

Mr. Jack Cheng, Co-founder of GazeTV says, "At GazeTV, we're repairing everything that is broken with social entertainment platforms. Instead of only content creators and the audience giving to the platform, we GazeTV give back to our the Gazer community. GazeTV uses a brand new tokenomic model to build an empowered and engaged Gazer community. We highly treasure creators and audience engagement. This is our mission - Every second counts."

According to GazeTV roadmap, the platform development is divided into 3 phases, each with different objectives. Phase 1 is "Gaze Age", the mission is to focus on the right path of technology and functionalities. Phase 2 is "Gazer-lization", at this stage GazeTV aims to become a complete socialization application for everyday use. Phase 3 is "Gaze Space" which is well-kept secret.


About GazeTV

GazeTV aims to combine and utilize entertainment technology. The cutting edge GazeTV.com social entertainment platform uses blockchain technology for data management and tokenized ecosystem for incentives & reward functions. Creators and audience around the world can engage in closer interactions, support and development. For more information, visit GazeTV Foundation website at GazeTVF.com.


#GazeTV

Oil Surges Towards $60 - Brand Spur
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