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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene supplies. mb/d in 2023, surpassing pre-pandemic levels.

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New phase of globalization could undermine efforts to reduce CO2 emissions

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A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to reduce emissions. The paper is published in Nature Communications. trillion) in 2014.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. bbl in 2020—the lowest since 2004. Global oil demand fell 9.3%, with the largest falls seen in the US (-2.3 Source: bp. The oil price (Dated Brent) averaged $41.84/bbl

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Hankuk Carbon, Dymag partner to mass manufacture carbon composite wheels for automotive

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The collaboration, announced at JEC World in Paris, will apply Hankuk Carbon’s expertise in advanced materials and industrialization, leveraging Dymag’s expertise in manufacturing lightweight carbon composite wheels for the high-performance and luxury vehicle markets.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. trillion being invested globally in new power generation capacity between 2018 and 2050, with $8.4 Coal’s share in primary energy in 2017 fell to 27.6%, the lowest since 2004. NEO 2018 sees $11.5 BNEF sees $1.3

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Ford expanding global electrified vehicle battery R&D

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Ford is expanding its electrified vehicles research and development program in Europe and Asia this year, creating a “hub-and-spoke” system that allows the global team to further accelerate battery technology and take advantage of market-specific opportunities. Ford electrified vehicle sales in the US.

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Pike ranks Volkswagen Group as the global leader in clean diesel vehicles

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The new Pike Pulse Report: Clean Diesel Vehicles from Pike Research ranks the Volkswagen Group as the leader in this market, due to the efforts of the Volkswagen and Audi brands. been a leader in selling diesel vehicles and is making a strong push for emerging clean diesel markets, Pike notes. around 75% of global sales.

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