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Natural gas demand could be displaced by 1.2 Bcf/d to 1.4 Bcf/d if all of the anticipated renewable projects come online and run at 100% capacity in the next two years, according to a Drillinginfo report.
Brent prices are expected to continue to struggle in the near-term before improving in the second-half of the year.
The price of solar will fall 26%, while other renewable sources will drop as well.