Energy Insights has released its Global Gas & LNG Outlook to 2035. The report finds that continuous demand growth, alongside new supply sources, will transform the gas market import and export balances by 2022.
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Petrochemicals – components derived from oil and gas that are used in all sorts of daily products such as plastics, fertilisers, packaging, clothing, digital devices, medical equipment, detergents and tyres – are becoming the largest drivers of global oil demand, in front of cars, planes and trucks, according to a major study by the International Energy Agency.
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(Reuters) – OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge to the group’s efforts to support the market next year.
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Zimbabwe will require 11,000 megawatts of electricity to achieve its vision of becoming a middle income country by 2030, an official said Saturday.
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Global oil demand grew by 1.7 percent in 2017, according to a new report released by Eni.
Read MoreOil demand faces mounting risks as escalating global trade tensions begin to drag on global trade and economic activity.
Read MoreUntil late 2016 Chinese gas demand growth had been disappointing. A number of LNG suppliers around the world had counted on China importing growing amounts of LNG at a time when global LNG supplies were increasing rapidly. In June 2016 the spot price for LNG in northeast Asia was $4.90/mn Btu.
Read MoreAn OPEC technical panel has found that global oil demand is on pace to stay strong in the second half of this year, suggesting that the oil market could comfortably absorb a production increase without sending oil prices plummeting, Reuters reported on Tuesday, citing three OPEC sources.
Read MoreChina’s independent refiners—the so-called teapots—have enjoyed comfortable profit margins since they were allowed to directly import crude oil in 2015.
Read MoreThe adoption of 240 million electric vehicles by 2040 will cause oil demand to peak by the mid-2020s, which will destroy $19 trillion in income, according to Aurora Energy Research Ltd.
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