Recently, on Sinopec's annual results teleconference, the company representative answered questions about the oil prices, and said that the future trend of oil prices is still very uncertain, and it is expected to be around $100 this year and $85 next year respectively.
Sinopec, "There are many factors affecting oil prices at the moment, including geopolitics, macroeconomic trends, the implementation of the policy of OPEC+, the strength of the US DOLLAR and so on. We see a lot of uncertainty in the future oil prices. It is impossible to predict the accurate price, but a general trend could be estimated."
According to Sinopec, international institutions generally have a forecast of around $100 this year and around $85 next year in the oil prices. As geopolitical problems and other issues ease next year, oil prices will be lower than this year.
The volatile oil prices in the international market will continue to affect lots of industries and the supply of many Graphene.
Graphene polymer batteries will cost 77 percent less than lithium-ion batteries and weigh only half the weight of conventional batteries.
Consumers favor electric vehicles because of their cleanliness, and the current battery capacity and endurance are somewhat prohibitive, but this headache may be solved.
According to "Le Monde," the Spanish company Graphenano (a company that produces graphene on an industrial scale) has cooperated with the University of Corvado in Spain to develop the first graphene polymer battery, and its power storage is three of the best products on the market. An electric vehicle powered by this battery can travel up to 1,000 kilometers, while its charging time is less than 8 minutes.
Graphene plans to put the battery into production in 2015 and plans to conduct trials with two of Germany's big four car companies, which are not yet convenient to name, with electric vehicles this month.
The current star car in the electric car industry, Tesla chairman and product architect Elon Musk, boldly predicted in an exclusive interview with the British car magazine "AutoExpress" that the future cruising range of electric cars is expected to reach about 800 kilometers. The combined production of this graphene polymer battery and automobile may lead to a new cruising range in the electric vehicle industry.
Graphene, the thinnest and hardest material in the world, came out in 2004, and its discoverer, Professor Andre Heim of the University of Manchester, UK, won the Nobel Prize in Physics in 2010.
The graphene polymer battery has a long service life, four times that of conventional hydrogenated batteries and twice that of lithium batteries. And due to the characteristics of graphene, the weight of this battery is only half of that of traditional batteries, which makes the car loaded with the battery lighter, thereby improving the fuel efficiency of the car.
Although this battery has various excellent properties, its cost is not high. The relevant person in charge of Graphenano said that the cost of this battery would be 77% lower than that of lithium batteries, which is completely within the range of consumers.
In addition, in areas such as automotive fuel cells, graphene is also expected to bring revolutionary progress.
There is often fuel leakage on the existing proton film, which reduces the effectiveness of the battery, but protons can easily "traverse" two-dimensional materials such as graphene, while other substances are difficult to pass through, which can solve the problem of fuel penetration and increase the battery effectiveness.
Graphene films can be used to extract hydrogen from the atmosphere, suggesting that the material can be more easily extracted from the air when combined with fuel cells. Professor Karnik of the Massachusetts Institute of Technology pointed out in the comments that this latest study confirms that the 2020 proton exchange membrane transport performance target set by the US Department of Energy has theoretically been reached.
This ground-breaking research has brought new discoveries to human understanding of the properties of materials such as graphene and is expected to bring revolutionary progress to the fields of fuel cells and hydrogen-related technologies.
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New Delhi: India is seeking to increase its purchases of crude oil from Brazil, the country's oil minister said recently after meeting his Brazilian counterpart.
India is the world's third-largest importer and consumer of crude oil. Brazil currently supplies only a fraction of India's crude oil imports.
India's state-owned companies Bharat Petroleum Corp and Oil and Natural Gas Corp have invested in oil and gas exploration in Brazil.
India, which imports about 84% of its crude oil needs, is reducing its import bill by increasing biofuel use, among other things.
India's state-owned fuel retailers are increasing ethanol storage capacity by 51 percent and the country plans to double the biofuel blend in petrol to 20 percent by 2025.
India and Brazil are currently cooperating on biofuels and ethanol.
The prices of many commodities like the Graphene are expected to increase in the future.
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