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Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. sanctions on Tehran return in early November.

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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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China is the global leader in methanol use and has recently expanded its methanol production capacity. The estimates developed in the study have now been incorporated into EIA’s historical data and forecasts of petroleum and other liquids consumption in China. Annual methanol consumption in China, 2000-16. Background.

2000 150
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% China alone accounted for 71% of energy consumption growth. Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Source: BP.

Coal 261
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Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. Emissions from OECD countries now account for only one third of global CO 2 emissions—the same share as that of China and India. the United States (16%). India (6%).

2011 236
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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

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Global growth will mainly be driven by China, where Scotiabank expects auto demand to grow 7% in 2015 to 19.36 Under the forecast, China will thus represent 26% of global auto sales in 2015. The slowdown in Russia will be compounded by recent increases in car prices in response to the sharp decline in the ruble.

2015 150
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OECD-FAO Agricultural Outlook projects global ethanol production to increase 67% over next 10 years to 44B gallons

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By 2022, biofuel production is projected to consume a significant amount of the total world production of sugar cane (28%), vegetable oils (15%) and coarse grains (12%). Global ethanol production has fallen in calendar year 2012 for the first time since 2000, due to declines in the United States and in Brazil.

Brazil 247
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Berkeley Lab releases 8th edition of databook on China’s energy and environment; finding the “missing” energy consumption

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The China Energy Group of the US Department of Energy’s (DOE’s) Lawrence Berkeley National Laboratory (Berkeley Lab) recently released the eighth edition of the China Energy Databook —the most comprehensive publicly available resource known to exist covering China’s energy and environmental statistics. Click to enlarge.