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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

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IEA Forecasts 2.4 mb/d Drop In Oil Demand Below 2008; Contraction Close to Early 1980 Levels

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In its latest Oil Market Report (10 April), the International Energy Agency revised down forecast 2009 oil demand by 1.0 The IEA now forecasts global demand for 2009 at 83.4 mb/d below 2008. IEA demand forecast. Global oil supply fell by 400 kb/d in March, to 83.4 mb/d in 2008 to 50.3

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

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The magnitude of gasoline demand decline will be much greater than the impact of the 2008 recession and could be further protracted depending on how effective social distancing measures are at controlling the spread of the COVID-19 virus. during the global recession in 2008/2009. IHS Markit forecasts 2020 US auto sales to be 14.4

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EIA: high prices for natural gas this winter as global consumption remains high and inventories low

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That price will be the highest inflation-adjusted monthly average price since 2008. We expect electricity producers—particularly in Europe—will have to generate some electricity from oil-based fuels this winter. EIA continues to forecast a decrease in average US natural gas prices in 2023, as production increases.

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New UC Davis market-based sustainability forecasting approach concludes supplanting gasoline and diesel with renewable fuels could take 131 years

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At the current pace of research and development, replacing gasoline and diesel with renewable fuel alternatives could take some 131 years, according to a new University of California, Davis, study using a new sustainability forecasting approach based on market expectations. The forecast was published online 8 Nov.

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Lux Research: despite cheap oil, niche plug-in vehicle sales will be resilient; conventional hybrids to be hardest hit

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The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil. Source: Lux Research.

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Forecast: Global Natural Gas Vehicle Fleet to Reach 17 Million by 2015

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A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth. The cleantech market intelligence firm forecasts that the number of NGVs on the road worldwide will grow to 17 million vehicles by 2015, up from 9.7 million in 2008. between 2008 and 2015.

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