Top

Category: World


Energy Consumption, World

IEA sees global gas demand rising to 2022 as US drives market transformation

August 3, 2017

Via: International Energy Agency

The global natural gas market is undergoing a major transformation driven by new supplies coming from the United States to meet growing demand in developing economies and industry surpasses the power sector as the largest source of gas demand growth, […]


Energy Consumption, World

Global Coal Consumption Falls 1.7 Percent, Production Shows Record Decline

June 15, 2017

Via: Power Engineering

BP’s annual Statistical Review of World Energy indicated global coal consumption fell by 53 million tons of oil equivalent, or 1.7 percent from the year before. Coal’s share of global energy consumption fell to 28.1 percent, the lowest share since […]


Electric, Energy Consumption, World

Global access to electricity has increased over the past two decades

June 9, 2017

Via: American Energy News

According to the most recent data from the World Bank, 15 per cent of the world’s population—approximately 1.1 billion people—lacked access to electricity in 2014, according to a U.S. Energy Information Administration press release. However, access to electricity has been generally increasing […]


Energy Consumption, World

EIA raises 2017 world oil demand growth forecast

May 10, 2017

Via: American Energy News

Increasing crude output from the United States will likely limit oil prices through the end of 2018, according to the US Energy Information Administration. The EIA said US crude production is expected to increase this year to 9.31 million barrels per […]


Energy Consumption, World

Global oil discoveries and new projects fell to historic lows in 2016

April 27, 2017

Via: International Energy Agency

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that […]


Energy Consumption, World

Who Holds The Power In Today’s Oil Market?

April 18, 2017

Via: Energy Collective

By the mid-70s, the Kingdom of Saudi Arabia wielded the power to swing oil prices at its will by turning on and off the taps. Presently, after 44 years, the scenario is quite different. In fact, the recent Vienna accord […]


Energy Consumption, World

Peak Oil? Sooner Than You Think

March 27, 2017

Via: Energy Collective

The London-based investment advisory firm Redburn thinks that global demand for oil could peak around 2026, writes Fereidoon Sionshansi, President of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. The implications for oil majors are ominous. For some […]


Energy Consumption, World

Deep energy transformation needed by 2050 to limit rise in global temperature

March 21, 2017

Via: International Energy Agency

Limiting the rise in global mean temperature to well below 2°C would require an energy transition of exceptional scope, depth and speed, according to an analysis by the International Energy Agency, including a doubling of annual average energy-related investments from […]


Energy Consumption, World

Energy Efficiency Spending to Spike

March 13, 2017

Via: Energy Manager Today

Businesses, as well as residential users, utilities and governments, are expected to increase spending on energy efficiency programs, according to Navigant Research. The firm predicts that outlays will more than double – from $25.6 billion to $56.1 billion – between […]


Energy Consumption, World

Demand For Coal Expected to Slow Worldwide

January 12, 2017

Via: Power Engineering

The International Energy Agency has estimated the growth in global coal demand will slow over the next five years. Global coal demand should grow from 5.4 billion tons in 2015 to 5.636 billion tons in 2021, or an annual growth […]


Energy Consumption, World

Crude oil prices increased in 2016, still below 2015 averages

January 4, 2017

Via: US Energy Information Administration

Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/b—down $5/b from 2015—the WTI price ended 2016 at $53/b, $16/b higher than at the […]


Energy Consumption, World

Renewables Produce 56% Of Denmark’s Domestic Electricity

December 14, 2016

Via: CleanTechnica

The numbers fluctuate. At 10:19 AM Pacific Time, on December 13, wind turbines fed 434 megawatts (MW) into the grid. There have been days when they produced 140% of the nation’s need. Then there is solar energy and biomass. According to the Danish […]


Energy Consumption, World

IEA moves to enhance global gas security

November 28, 2016

Via: International Energy Agency

While the rise of the liquefied natural gas market has accelerated the globalization of natural gas, the energy security implications of this transformation have attracted much less attention. Through an extensive analysis of global gas data, a new report from […]


Energy Consumption, World

How will we power the planet in 2050?

October 10, 2016

Via: CNBC

The world’s energy mix is changing – and fast. A recent report from the World Energy Council found that renewable sources of power now represent around 30 percent of the world’s total capacity and 23 percent of total global electricity […]


Energy Consumption, World

What If The Oil Rebound Never Happens?

September 27, 2016

Via: Energy Collective

The question seems ridiculous, not only because the oil markets always go through booms and busts, but also because demand continues to rise. Supplies are also falling from high cost areas, ensuring that the supply overhang will eventually be erased. […]