Category: World

Energy Consumption, World

How Supercomputers Will Help To Accelerate The Emerging Energy Economy

December 13, 2017

Via: Forbes

Meeting global carbon reduction goals will not be easy, but the good news is that this heavy lift is getting a little lighter each day. In some places, renewable energy technologies are now delivering the cheapest electrons on the planet. […]

Emerging Technologies, Energy Consumption, Renewable Energy, World

Commentary: Plotting a path for greater bioenergy use

November 27, 2017

Via: International Energy Agency

The recent discussions on renewable energy are mostly focused on the rapid growth of wind and solar deployment and their impressive drop in cost. While these developments are remarkable, they also overshadow what remains the most important source of renewable […]

Energy Consumption, World

Continuous disruption is new normal for oil and gas industry, Baker Hughes CEO says

November 14, 2017

Via: CNBC energy

Continuous disruption in the oil and gas industry should be viewed positively, Baker Hughes CEO Lorenzo Simonelli said Tuesday. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), Simonelli said, “We have to look at disruption as being our […]

Energy Consumption, News and Policies, World, World

Column: Booming oil demand is eroding inventories

November 2, 2017

Via: American Energy News

LONDON, Nov 2 (Reuters) – Global oil consumption is growing rapidly, helping account for the decline in reported inventories, the recent surge in prices and the shift in futures markets from contango to backwardation. Consumption is much harder to measure […]

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 […]