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IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). But it also highlights elevated supply and demand risks.

Oil 255
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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.

Energy 252
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International study identifies 14 key measures to reduce methane and black carbon emissions; reduction in projected global mean warming of ~0.5 °C by 2050

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A study by an international team of researchers, led by Drew Shindell of NASA’s Goddard Institute for Space Studies (GISS) in New York City, has identified 14 measures targeting methane and black carbon (BC) emissions that could reduce projected global mean warming ~0.5°C °F) by 2050, as well as improving human health and agriculture.

Carbon 257
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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

Russia ranks second in the extraction of both crude oil (behind the United States and ahead of Saudi Arabia) and natural gas (behind the United States and ahead of Iran), and it is the sixth-largest producer of coal (behind Australia and ahead of South Africa). share in 2020, by contrast, was about 9 percent.

Ukraine 78
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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Other OPEC members agreed to similar deals, ensuring perpetual global demand for greenbacks.

Russia 225
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MIT and IEA reports take different views of the future of natural gas in transportation

Green Car Congress

MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.

MIT 299
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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

For natural gas, it is the world’s second largest producer , behind the United States and ahead of Iran, and its largest exporter. The continent was mostly powered by locally mined coal until the 1950s, when imports of cheap Middle Eastern oil started transforming the energy picture. Certification of the €9.5 Consumption of E.U.-produced

Ukraine 123