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EIA expects global consumption of liquid fuels to surpass 2019 levels in 2022

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As outlined in its current Short-Term Energy Outlook , the US Energy Information Administration (EIA) estimates that global consumption of petroleum and liquid fuels averaged 92.3 million b/d from 2019. EIA expects that global liquid fuels consumption will grow by 5.3 million b/d—surpassing 2019 levels.

2019 243
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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa. This is the equivalent of the entire world’s current renewable energy production. billion in 2019. London, UK. Vancouver, Canada. 17th May 2022. MWh to €156.40/MWh

Renewable 210
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UCL-led study finds climate impact caused by growing space industry needs urgent mitigation

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The rapidly growing space industry may have a greater climate effect than the aviation industry and undo repair to the protective ozone layer if left unregulated, according to a new study led by UCL and published in the journal Earth’s Future as an open-access paper. The space industry is one of the world’s fastest growing sectors.

Climate 428
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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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by Lewis Black, CEO of Almonty Industries. and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% This also means they will face their usual litany of production challenges. Source: Almonty.

Supplies 380
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IHS Markit projects for first time that 2050 global refined product demand will be lower than 2019 levels

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For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. Under the new IHS Markit Inflections base case scenario, global refined product demand is expected to peak in 2036. MMbd), placing it below 2019 baseline levels.

2019 170
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Adamas: LFP market share drops to 6% in global passenger EV batteries in 2019; potential comeback in 2020 with cell-to-pack

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In 2019, the market share of lithium-iron-phosphate (LFP) cathode chemistry fell to 6% in global passenger EV batteries by watt-hours deployed (i.e. Overall, the combined global market share of ternary cathodes (including NCM and nickel-cobalt-aluminum (NCA) varieties) in passenger EV batteries reached 90% in 2019, up from 83% in 2018.

2019 344
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.

Gas 243