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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018. —Spencer Welch.

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API: US petroleum demand last month highest for October since 2007; 19.9 mbpd

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These were the highest October deliveries since 2007. The economy continues to grow as fuel demand remains strong and more people find work. US crude oil production in October remained strong and above 9.0 Domestic crude oil production increased 7.0% Crude oil imports decreased 3.6% from October 2016 to average 19.9

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Opinion: There Is No Such Thing As Peak Oil Demand

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Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. EIA data shows that 35 countries in all have already reached and descended from maximum oil demand. by Dwayne Purvis for Oilprice.com.

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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.

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EPA annual report on CO2, fuel economy and technology trends finds 2012 heading for all-time best; rapid adoption of new technologies

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Adjusted CO 2 emissions and adjusted fuel economy, MY 1975-2011. The report finds that CO 2 emissions rates and fuel economy values reflect a very favorable multi-year trend beginning in MY 2005. The fleet-wide average real world MY 2011 personal vehicle CO 2 emissions value is 398 g/mi and average fuel economy is 22.4

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ABMI releases first report on biodiversity in Athabasca Oil Sands Area

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The Alberta Biodiversity Monitoring Institute (ABMI) released the first comprehensive report on the status of Alberta’s species in the Athabasca Oil Sands Area (AOSA). Found in northeastern Alberta, the AOSA makes up 14% of Alberta’s land area, and is central to Alberta’s economy. Canada Oil sands'

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EPA: US Greenhouse Gas Emissions Rose 1.4% in 2007

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The US Environmental Protection Agency (EPA) has released the national greenhouse gas inventory, which finds that overall emissions during 2007 increased by 1.4% Total emissions of the six main greenhouse gases in 2007 were equivalent to 7,150 Tg of carbon dioxide. percent from 1990 to 2007. in total between 2005 and 2007.

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