Peak oil

Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

Posted on September 20, 2023September 20, 2023 by Mozambique Resources Post

Recently, Fatih Birol, Executive Director at the International Energy Agency (IEA), outlined in an article for Financial Times that the world was on the brink of “a historic turning point,” with the demand for fossil fuels set to peak before 2030, although, the decline in oil, gas and coal would not be “steep enough” to meet the requirements of the Paris Agreement and limit global warming to 1.5 C. “Despite recurring talk of peak oil and peak coal over the years, both…

Global Market: America to lead global oil supply growth, no peak demand in sight

Posted on March 12, 2019March 12, 2019 by Mozambique Resources Post

The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s annual oil market forecast. By the end of the forecast, oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply.

Industry Analysis: The Rapid Acceleration Towards Peak Oil Demand

Posted on November 6, 2018 by Mozambique Resources Post

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.

Industry Analysis: Peak Oil or Peak Demand?

Posted on October 26, 2018October 26, 2018 by Mozambique Resources Post

Following the dawn of the oil industry in the 1800s, demand for oil steadily grew. Initially driven by demand for kerosene as an illuminant, the world’s thirst for oil accelerated with the mass adoption of the internal combustion engine.

Global Markets: Peak oil demand to erase $19 trillion in oil income

Posted on May 28, 2018May 28, 2018 by Mozambique Resources Post

The 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.

Global Oil & Gas: “Peak oil demand 12 years away” – Bank of America

Posted on January 24, 2018January 24, 2018 by Mozambique Resources Post

Adding another voice to the peak oil debate, Bank of America Merrill Lynch predicts that the world will hit peak oil demand by 2030. At that point, EVs will account for 40 percent of auto sales. “Electric vehicles will likely start to erode this last major bastion of oil demand growth in the early 2020s and cause global oil demand to peak by 2030,” the analysts wrote in an emailed report.

Global Markets: “Peak Oil Demand And Its Implications For Prices” – Kemp

Posted on January 23, 2018January 23, 2018 by Mozambique Resources Post

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Jan 19 (Reuters) – Even if oil consumption reaches a peak and then starts to fall, the world will still need large quantities of oil for many decades to come.

Oil demand: Beware the gap

Posted on December 29, 2017December 29, 2017 by Mozambique Resources Post

Forget a peak – falling production from existing fields should be the market’s immediate focus.