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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl,

Coal 261
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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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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
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Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

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A co-production scenario—yet to be commercial—would take unconverted syngas from the FT reactor and combust it in a combined cycle power plant to generate electricity that is sold to the grid. Even with CCS, the liquid product costs are comparable to recent crude oil prices. Source: Mantripragada and Rubin.

Coal 231
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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. Energy demand. — WEO-2012.

Global 225
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Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

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Further, improved supply prospects for natural gas are likely to lead to decoupling of oil and gas markets, according to the study. The world is nearing a paradigm shift in oil demand. The predominant role of oil in the global energy mix is facing an ever greater challenge from a number of emerging trends.

Oil 210
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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Individual wind projects are consistently delivering electricity for US$0.05

Renewable 150
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Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

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Adam Brandt and his colleagues used historical relationships to project future demand for (a) transport services; (b) all liquid fuels; and (c) substitution with alternative energy carriers, including electricity. Their results showed great increases in passenger and freight transport activity, but less reliance on oil.

Oil 207