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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

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The Next Oil Price Spike May Cripple The Industry

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Two diametrically opposed views dominate the current debate about where the oil price is heading. But, WoodMackenzie says, many of these still-to-be-launched projects are uneconomical at oil prices in the $50s per barrel, meaning that they should not be expected to get the all-clear anytime soon. Since (non-U.S.

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Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

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This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. UBS, for its part, expects a 4-million-bpd supply gap by 2020. shale output. million bpd.

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Eni report: global oil reserves and oil production up in 2018 due to US

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Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5 The US also broke into the international crude trade, doubling export volumes and entering that top ten ranking. The tight oil production phenomenon continued to increase the share of sweet light crudes, which rose above 20% worldwide.

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IEA: global energy efficiency progress drops to slowest rate since start of decade

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Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. improvement in 2017 and marked the third year in a row the rate has declined. Global primary energy demand rose by 2.3%

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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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Source: EIA and Argus Media group, China Methanol to Energy Study , January 2017. Beginning with its February Short-Term Energy Outlook (STEO), EIA incorporated revisions to historical international liquids consumption data into the STEO’s international liquid fuels market balances. Click to enlarge. Background.

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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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gigatonnes (Gt) in 2011, according to preliminary estimates from the International Energy Agency (IEA). Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). Gt no later than 2017, i.e. just 1.0 This represents an increase of 1.0 Gt on 2010, or 3.2%. In 2011, a 6.1%

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