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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.

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Argonne releases GREET 2020

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Argonne National Laboratory’s Systems Assessment Center has released the 2020 version of the suite of GREET models and associated documentation. GREET now includes two e-fuel pathways with Fischer-Tropsch (FT) synthesis process and two e-fuel pathways for methanol (MeOH) production using CO 2 (from corn ethanol plants) and renewable H 2.

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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. China was the only major economy to experience economic growth in both 2020 and 2021. billion tonnes.

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EIA projects increases in global energy consumption and emissions through 2050

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The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

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Lux: alternative fuels in China could replace up to 483B GGE in 2020; coal-to-ethanol conversion offers near-term potential

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China’s shift toward alternative fuels in order to cut its reliance on imported oil is creating large opportunities, notably in natural gas vehicles (NGVs) and in the conversion of coal to ethanol, according to a new report from Lux Research. China is seeking to reduce its imports of oil from the current 50% of domestic demand.