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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.

Oil 210
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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.

Emissions 170
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Nissan Global Production Cuts Imperil CEO’s Recovery Plan

Baua Electric

Last month, Nissan shut a plant in China and reduced employee shifts in Mexico, a market where it is the top-selling car brand. Uchida’s three-year plan is his attempt to arrest a slump that has seen the company’s global market share shrink from over 5% in 2004 to 3.5% in 2023, according to data by Marklines Co.

Nissan 52
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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

2020 397
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Nissan global production cuts imperil CEO’s recovery plan

Baua Electric

Last month, Nissan shut a plant in China and reduced employee shifts in Mexico, a market where it is the top-selling car brand. Uchida’s three-year plan is his attempt to arrest a slump that has seen the company’s global market share shrink from over 5% in 2004 to 3.5% in 2023, according to data by Marklines Co.

Nissan 52
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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.

Carbon 259
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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

Wind 220