Tag: oil consumption

Chemical, Conventional Fuels, Energy Consumption, Global

The World’s Top 10 Oil Producers And Consumers

June 26, 2020

Via: Forbes

Following last week’s release of the BP Statistical Review of World Energy 2020, I began to review and analyze the data. Today I take a deeper dive into the numbers on petroleum. Oil accounts for a third of the world’s […]

Domestic, Energy Consumption

Yes, We Should Conserve Energy

August 30, 2018

Via: Forbes

Earlier this month, the Trump Administration announced that it would replace fuel efficiency standards enacted by the Obama Administration in order to make cars safer and more affordable. The new proposal unveiled by the Environmental Protection Agency and the Department […]

Energy Consumption, Global

Asia’s Insatiable Oil Demand

July 19, 2018

Via: Forbes

Last month the 2018 BP Statistical Review of World Energy revealed that global oil production has now grown for eight straight years. Oil consumption rose to a new high as well, and has increased in 31 of the past 34 […]

Chemical, Conventional Fuels, News and Policies, World

World Sets New Oil Production Record

June 14, 2018

Via: Forbes

This week the 2018 BP Statistical Review of World Energy was released, which covers energy data through 2017. It is the definitive source for global energy production and consumption figures, and a primary source of data for numerous companies, government […]

Commercialization, Conventional Fuels

OPEC Stumbled Into A Balanced Market, Can They Stumble Into An Unbalanced One?

June 7, 2018

Via: Forbes

It speaks to the short-term views of the oil market that when prices fall, many analysts pronounce OPEC dead, and when they rise, it is declared reborn. The truth, as I remarked in an earlier column, is that the organization […]

Energy Consumption, Global, News and Policies, 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 […]

Chemical, Conventional Fuels

Peak Oil Demand: When Is It Really Coming?

June 15, 2017

Via: Forbes

There is a widely held belief that the peak of oil consumption will result from demand reduction rather than depletion. Published scenarios depicting how soon this might happen are all over the map, ranging from less than three years to […]