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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

Brazil 218
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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

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In the end, 188 countries voted in favor of the motion, with Cuba, Bolivia, Sudan, and Venezuela voting against it. The accord will not become an official United Nations document unless unanimous approval is secured. Emissions Reduction Targets Shuttled To The Side. The relative valuation of potential emissions offsets (e.g.

Climate 236
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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In both the United States and Russia, each of which produces roughly as much as Saudi Arabia, output increased in 2015 rather than decreasing, and will continue to increase in 2016 in the U.S. million barrels per day in 1H 2015, in part because as Russia's economy contracted, reducing domestic crude demand to 3.47 MMbbls/day.

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Electric cars to account for 64 per cent of car sales by 2030

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‘Electric Cars in the United States: A New Model with Forecasts to 2030′ is authored by Thomas Becker, a Berkeley economist who specializes in international and environmental economics. million barrels per day, equivalent to the amount currently imported daily from the Persian Gulf region and Venezuela.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. Click to enlarge. The passenger vehicle fleet doubles to almost 1.7 billion in 2035.

Oil 247