Remove 2000 Remove 2017 Remove Gas Remove Oil Prices
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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Annual methanol consumption in China, 2000-16. Source: EIA and Argus Media group, China Methanol to Energy Study , January 2017. About two-thirds of China’s methanol feedstock is produced from coal and the remainder from coking gas (a by-product of steel production) and natural gas. Click to enlarge. Background.

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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This sharp slowdown in activity in the conventional oil sector was the result of reduced investment spending driven by low oil prices. mb/d come from liquids production from the US shale plays, and the rest is made up of other natural gas liquids and unconventional oil sources such as oil sands and heavy oil.

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