Remove 2020 Remove Gas-Electric Remove Global Remove Oil Prices
article thumbnail

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

Green Car Congress

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. shale production will continue to grow along with global demand. shale production will continue to grow along with global demand. by Haley Zaremba for Oilprice.com.

article thumbnail

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

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. EIA projects electricity generation to almost double in developing non-OECD countries by 2050.

Global 259
article thumbnail

Roskill: Molybdenum demand to drop by more than 8% in 2020

Green Car Congress

Roskill expects demand for molybdenum to drop by more than 8% in 2020. It is used in steel alloys to increase strength, hardness, electrical conductivity and resistance to corrosion and wear. In the first half of 2020, the Brent crude oil price crashed from US$67.3/bbl bbl in April 2020. decline in 2019.

2020 186
article thumbnail

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

Green Car Congress

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.

Oil 276
article thumbnail

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Green Car Congress

OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. mb/d for 2035 to 2040.

article thumbnail

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. With greater U.S.

2020 150
article thumbnail

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Green Car Congress

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. million b/d from March 2020.

2019 186