Global Markets: Oil Demand Growth to Slow Significantly From 2020
Oil demand growth is expected to slow significantly from next year.
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Global Markets: Oil Demand to Grow Steadily in 2020s
Oil demand will grow steadily in the 2020s and peak in the late 2030s, according to Rystad Energy’s current long-term outlook.
Read MoreAfrica Oil & Gas: Egypt aims to produce 7.8 bcf of natural gas per day in 2019-2020
The rise will come mainly from increased production in Egypt’s mammoth Zohr field, North Alexandria gas fields and other projects.
Read MoreRenewables: Kenya Targets 2020 for 100% RE
Kenya aims to meet 100% of its energy needs through renewable sources of energy by 2020, according to the country’s president, Uhuru Kenyatta. Currently renewable energy accounts for 70% of the East African country’s energy mix. To reach this level, massive investment in the sector was required, leading, among other things, to a tripling of the national electrification rate to 60%. “Our goal is to achieve 100% satisfaction with our renewable energy needs by 2020….
Read MoreGlobal Markets: The Key Oil Price Driver By 2020
Diesel, marine gasoil, and jet fuel—collectively known as middle distillates—account for more than a third of global oil consumption. Used in road transportation, shipping, aviation, and manufacturing, middle distillates are more closely linked to economic growth than any other section of the oil products market.
Read MoreMozambique Oil & Gas: Over US$9.1 billion will be spent on country’s upstream Capex by 2020
An average Capex of US$3.0 billion per year would be spent on eight oil and gas fields in Mozambique between 2018 and 2020. Capital expenditure into Mozambique’s oil and gas projects, will add up to US$9.1 billion over the three-year period in upstream capital expenditure by 2020, according to GlobalData, a leading data and analytics company.
Read MoreGlobal Oil & Gas: “LNG Glut To Continue Into 2020” – IEA Says
The world’s LNG market will continue to be oversupplied into the mid-2020s as new supplies continue to outweigh demand, according to the International Energy Agency (IEA).
Read MoreAfrica Oil & Gas: Egypt Hopes To Reach Gas Market Balance In 2018, To Export By 2020
Egypt hopes its gas market will be balanced in 2018 and expects to begin exporting gas by 2020, EGAS chief Mohamed Al-Masry said on Wednesday at an oil conference in Cairo.
Read MoreGlobal Mining: China to annually limit rare earths production by 2020
Big changes are coming for the global production of rare earths as China announced on Tuesday (October 18th) its plans to limit annual mining.
Read MoreGlobal Oil & Gas: “Oil Price To Rise Only Gradually To $80 By 2020” – IEA
Oil is unlikely to return to $80 a barrel before the end of 2020 despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day (bpd), the International Energy Agency said on Tuesday.
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