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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. Investment slumped by 30% in 2020.

Price 416
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Big Oil Betting On Electric Vehicles

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Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Maybe even decline. ”.

Oil 218
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US and Japan successfully complete Arctic field trial of gas hydrate production technology using CO2-methane exchange within structure

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The US Department of Energy (DOE) partnered with ConocoPhillips and the Japan Oil, Gas and Metals National Corporation (JOGMEC) on the test, which was the first field trial of a methane hydrate production methodology whereby CO 2 was exchanged in situ with the methane molecules within a methane hydrate structure.

Japan 225
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BNEF: EV sales to fall 18% in 2020, overall car market by 23% in response to health and economic crisis

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The figures, if realized, have major implications for oil and electricity markets. Transport electrification, particularly in the form of two-wheelers, is already taking out almost 1 million barrels of oil demand per day; by 2040 it could remove 17.6 million barrels per day. Electric vehicles (EVs) of all types are seen adding 5.2%

2020 243
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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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Hybrids, which combine an internal combustion engine and an electric motor, are expected to account for about half of global new-car sales by 2040, as they become increasingly cost-competitive compared to conventional vehicles. China will see the largest increase—more than 4 million oil-equivalent barrels per day.

Oil-Sands 309
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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. Oil demand reaches 99.7

Global 225
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BNEF: E-buses to surge even faster than EVs; supply of cobalt potential risk to the pace of growth

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million worldwide last year to 11 million in 2025, and then surging to 30 million in 2030 as they establish cost advantage over internal combustion engine (ICE) cars. and 17% in Japan. It shows electric buses in almost all charging configurations having a lower total cost of ownership than conventional municipal buses by 2019.

Supplies 210