Tag: oil demand

July 11, 2018

While there is concern about the potential for growth in electric vehicles (EVs) to suppress oil demand growth, a recent report argues that Transportation as a Service (TAAS) could provide an alternative source of fossil fuel demand. Kimmeridge Energy has […]

May 3, 2018

Since the dramatic and unprecedented advances in production and manufacturing of the Industrial Revolution from the late 1700s to the early 1900s, humans have been digging up coal, oil and gas for energy. Except for the introduction of nuclear power […]

March 14, 2018

President Donald Trump’s protectionist trade policies threaten to slow global economic growth and dampen oil demand, OPEC warned Wednesday. The potential fallout from Trump’s recently announced tariffs on steel and aluminum imports is one of several headwinds the 14-nation oil […]

March 8, 2018

The investment in new oil development and production is a constant endeavor. That’s because new oil demand remains a constant reality. Utilized heavily in transportation and the petrochemicals used to “manufacture thousands of different products that people use daily, including […]

June 15, 2017

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 […]

May 10, 2017

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 […]

January 26, 2017

Global oil demand will keep growing into the 2040s due to higher consumption of plastic goods even as the electric vehicle fleet expands rapidly and technology revolutionises transport, BP said in its annual Energy Outlook on Wednesday. The forecast of […]

December 2, 2016

I have seen a number of articles over the years refer to OPEC as a “paper tiger.” I can understand why that impression. After all, they seem to be pretty ineffectual at controlling oil prices. But I think the argument […]

September 6, 2016

A widening gap between Asia’s oil production and demand is creating a growing capital drain for the region and leaving countries vulnerable to global supply disruptions and a sudden surge in oil prices. Asia’s net oil imports surpassed the total […]

August 18, 2016

Persistently low oil prices have had a devastating effect on the economies of all major oil producers/exporters who are accustomed to a price regime of over $100/b. The lifting of sanctions on Iran and its ability to quickly ramp up […]

July 5, 2016

Crude prices dipped in early trading on Tuesday, with Brent falling back below $50 per barrel as economic concerns took centre stage with many analysts saying oil demand will stall later this year. International benchmark Brent crude oil futures were […]

July 1, 2016

Oil prices have been going up over the last few months, from below $30 per barrel in February to the current levels of around $50. Many short term issues of a different nature play a role here, ranging from market […]

June 7, 2016

Latest research from McKinsey Energy Insights suggests that energy demand growth will decelerate to 0.7% per annum through to 2050, a rate well below mainstream base case perspectives, including McKinsey’s previous forecasts. The analysis shows growth in demand for oil […]

June 1, 2016

Global crude oil supply has suffered significant disruption in recent weeks from sabotage in Nigeria, fires in Canada, and political failure in Venezuela, supporting a rise in prices to nearly $50 a barrel. By some accounts the supply disruptions have reduced […]

April 15, 2016

Growth in global oil demand will ease to around 1.2 million bpd in 2016, below the 1.8 million bpd expansion of last year, according to the newly released IEA Oil Market Report (OMR) for April, as notable decelerations take hold […]