Industry Analysis: The Rapid Acceleration Towards Peak Oil Demand

Industry Analysis: The Rapid Acceleration Towards Peak Oil Demand

The drumbeat towards peak oil demand is accelerating, but since much of the acceleration is happening outside of the United States, its cadence is muted. Advertisements

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Global Oil & Gas: “Oil Prices Have Limited Upside” – analysis

Too much, too soon. The 40 percent increase in oil prices since August is likely to stimulate a strong production response, with a typical lag, sufficient to keep oil inventories elevated above the 5-year average for all of 2018, despite the extension of OPEC’s production cut to the end of the year. It may even undermine OPEC compliance and negatively impact oil demand.  

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THE ECONOMIST: Volatility around the trend

The recent fall in oil prices took many people by surprise, but the underlying trends have been building for some time. The downwards price pressure is coming from increased US oil output, more competition from natural gas, weak GDP growth in the OECD and improving energy efficiency in the emerging world. None of these factors is going away anytime soon, although OPEC is doing its best to counteract the first. At the EIU we think…

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Global Oil & Gas Markets: BP Presents 2014 Global Energy Review at WPC in Moscow

The BP Statistical Review of World Energy 2014 – launched today at the World Petroleum Congress meeting in Moscow – reveals how the world of energy echoed broader global themes in 2013. Emerging differences in global economic performance, geopolitical uncertainty and ongoing debates about the proper roles of government and markets are all reflected in its data.

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