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Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

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Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. North America is expected to witness the highest capex globally, with $254.3

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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. The Americas are projected to account for 71% of global biofuels production. billion in 2011 to $185.3

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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades.

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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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Global energy consumption grew by 2.5% seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. 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%

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EIA: US summer gasoline demand expected to be at 11-year low, prices at record high

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US gasoline demand this summer is expected to be the lowest in 11 years, while the average summer fuel price is forecast to be at a record level, according to the US Energy Information Administration (EIA). million bbl/d, according to EIA’s 10 April 2012 Short-Term Energy Outlook (STEO).

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 In India, falling inflation, lower interest rates, energy prices and a regained confidence will help lift the car market into growth mode starting in 2015 after a two-year lull. North America continues to be an impetus to global light vehicle demand levels.

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

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Meanwhile, mainland China has already become the top global importer of LNG. —Michael Stoppard, chief strategist, global gas, IHS Markit. However, by August both Asian and European spot LNG prices climbed well above their oil price equivalent and remained above it for the rest of the year. MMt set in 2014.

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