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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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Study suggests China urban passenger transport emissions could peak in 2030

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A team of researchers in China suggest that, in the context of promoting the use of clean fuel vehicles and increasing vehicle fuel efficiency, CO 2 emissions of China’s urban passenger transport sector could reach a peak of 225 MtCO 2 in 2030. A paper on their study appears in the journal Energy Policy.

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EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

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Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). Other liquids refer to natural gas plant liquids (NGPL), biofuels (including biomass-to-liquids [BTL]), gas-to-liquids (GTL), coal-to-liquids (CTL), kerogen (i.e.,

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Study from Thuringia shows 50% of harmful soot comes from local sources, 50% from long-distance transport

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Soot particles from oil and wood heating systems as well as road traffic can pollute the air in Europe on a much larger scale than previously assumed. During transport, ageing processes not only change the chemical composition of the particles, but also influence their physical properties (e.g. forest fires).

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SRI wins $925,000 DOE award to liquefy biomass for production of transportation fuels

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Southern Research Institute (SRI) entered into a cooperative agreement with the US Department of Energy (DOE) to develop a mild liquefaction process that will economically convert biomass to petroleum refinery-ready bio-oils. Other liquefaction processes either use severe conditions or expensive catalysts to achieve stability.

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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.

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ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

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The Outlook projects that global transportation-related energy demand will increase by close to 30% by 2040. However, oil will continue to play a leading role in the world’s energy mix, the report finds. This is because of growing demand from commercial transportation and the chemical sector. —T.J. Source: ExxonMobil.

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