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

Green Car Congress

The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. Wind, solar and hydroelectricity generation all grew despite the fall in overall energy demand. Country wise, Russia (-1 million b/d), Libya (-920,000 b/d) and Saudi Arabia (-790,000 b/d).

2020 397
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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. Since 6 June, WTI and Brent futures have averaged above $120/bbl.

Oil 210
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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

Fortunately, to improve this issue, battery makers are working towards more responsible supply chains , and have the potential for cheaper, more efficient, and more environmentally friendly energy storage in the near future. 40% of our energy comes from renewable sources, such as hydro, geothermal and wind.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

Fortunately, to improve this issue, battery makers are working towards more responsible supply chains , and have the potential for cheaper, more efficient, and more environmentally friendly energy storage in the near future. 40% of our energy comes from renewable sources, such as hydro, geothermal and wind.