Sentences with phrase «see oil demand»

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Coal is dying on its feet, and, IMO, we're about to see oil demand start to crater, too — Trumpism won't save it by desecrating US National Monuments.

Prior shareholder letters insisted the proposals were misguided or ignored the company's efforts to spell out its position that even a world intent on limiting temperature rises would still need more oil — a position shared by bodies such as the International Energy Agency, which sees oil demand rising for some years to come yet.

Exxon's scenario sees oil demand fall at -0.9 % p.a. over the period 2016 - 2040 compared to the IEA's -1.0 %; gas demand grows at +0.8 % compared to the IEA's +0.6 %.

Not exact matches

Oil - importing countries were also set to see a continuation in the growth recovery in 2018, the IMF said, aided by «gains from ongoing reforms, improved domestic confidence in some countries, and a steady upswing in external demand.»

OPEC said Monday it expects demand for oil to grow faster than it originally expected in 2018, but the organization also sees supplies from beyond the producer group surging this year, driven by rising U.S. output.

According to the International Energy Agency, reducing pollution to levels consistent with limiting climate change to less than two degrees would see 715 million EVs cruising the streets in 2040 — which would also shrink global oil demand by 20 % relative to today.

«The current bull market is not going to end simply because «stocks have gone up too much»... The buyside is fairly cautious, seeing downside stemming from: (i) deflationary pressures of the 40 % year - over-year oil decline, deceleration in China, Eurozone weakness, and the fall in 5 - year inflation breakevens; and (ii) Fed monetary tightening... Capital stock is again showing signs of pent - up demand, and as a consequence, companies and households will have to invest.

Now, global supply and demand has been better balanced and that «s pushing up the price of oil to the highest levels that we «ve seen since 2014, and that «s largely the culprit.

Of course, supply and demand will have to balance out over time, and more Iranian crude will force a larger adjustment from U.S. shale, so U.S. oil production could see a deeper contraction.

Ben Luckock is in fact so bullish that he forecast demand could exceed supply of crude oil by 2 - 4 million bpd by the end of 2019 because of the US$ 1 - trillion in spending plans that never saw the light of day as a result of the 2014 price crash.

Not only did we see smoking demand for oil, the preponderance of economic data is signaling even stronger U.S. and global energy demand.

2014.12.12 Canada's economy to benefit from broader export demand in 2015: RBC Economics Canada's economy is expected to see higher export growth in 2015, despite the recent decline in oil prices, according to the latest Economic and Financial Market Outlook issued today by RBC Economics...

Still, we see less risk of a renewed oil price plunge and the potential for a gradual rise toward long - term equilibrium levels around $ 60 a barrel, where supply and demand are likely to find a better balance.

Oil's retreat to a level not seen since OPEC forged its landmark agreement to cut output last November stoked declines from iron ore to industrial metals and losses that many commentators had been putting down to individual supply and demand factors».

Global demand fed by low prices and OPEC compliance has seen the global overhang of oil practically disappear.

Instead of the world on a collision course of fighting over the last drop of oil, now it seems that we have turned the world upside down and now we are seeing predictions that oil demand will peak.

«There are pockets of areas that are getting stronger and weaker — certainly there is less demand in the oil patch — but overall I have not seen any market change in the amount of deal flow over the course of 2014 or 2015,» reports Michael W. Scolaro, managing director and group head of Asset Based Lending at BMO Harris Bank.

That would come as bad news to a global oil market that is already seeing suddenly weak demand.

As we saw ten years ago, there will be a reduction in the global demand for oil if prices get too high.

Strong demand for crude oil and the entire energy sector continues to push prices higher as I still think we will trade above the $ 70 level in the weeks ahead as global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion.

High oil prices may well lead to a collapse in demand over the long term, resulting in a speeding up of the energy transition that most experts see on the horizon

Looking at global oil demand, you can see it's been unrelenting through recessions, through bull markets, bear markets, and it looks like it's going to continue to go up at a fairly steady level based on latest data from the U.S. Energy Information Administration (EIA).

Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $ 100 per barrel to under $ 30, and entering a phase where both supply and demand are expected to grow.

Liverpool got a large transfer fee from oil rich City for a player who made it clear he did not want to stay, Sterling saw his wage demands met as well as a move to a club who challenge for trophies on all fronts every year.

More than a decade earlier, Ford had decided against producing a new small car to rival BMC's Mini as the production cost was deemed too high, but the 1973 oil crisis saw a rise in the already growing demand for smaller cars.

Everyone else is driving up oil because currently found reserves are growing much more slowly than demand, but once this technology gets unleashed you're going to see a lot of renewed supply.

We see the decline in oil prices as being largely due to a positive supply shock, rather than a weakening of oil demand.

The energy tubular products division, which supplies pipes for oil and gas exploration and development, saw its revenue rise 14 % on higher demand for oil and gas rigs.

Crude oil prices have continued to rise over the last year due to strong demand by recovering developed economies such as the United States and China, limited spare production capacity in oil producing countries (or unwillingness to add more), and political instability, such as what we are seeing in Libya.

Similarly, while some fuel - importing nations may see an overall benefit in terms of their trade deficits, there are plenty of oil producing countries who will lose out as demand falls and oil prices remain depressed.

I can not see — with essentially saturated U.S. energy demand, cheap gas, abundant oil and slow but continuing incursions of solar and wind — anybody rushing into U.S. nuclear in any big way.

It's great to see San Francisco and Oakland California stepping up and suing major oil companies, demanding accountability for water levels rising from Climate Change.

I agree that oil and probably natural gas will become more expensive over time; simple supply and demand will see to that.

You could argue that attacking demand is a more effective way of preventing exploitation than blocking the pipeline (though I don't see any reason the two efforts are incompatible) but one way or another if you care about climate, you can't consider the oil sands a «reasonable» energy source.

You might see more deep drilling in the Gulf to meet U.S. demand, for example, or we could replace the Canadian oil with oil from countries that don't like us much like Venezuela, or countries where corruption enriches the few like Nigeria.

The world will see more wars, such as the conflict in Iraq, unless a path is opened that can dramatically reduce demand for oil.

As we have seen in late 2014 (and 1986 and 2008), even small shifts in the supply / demand balance can cause large and quick moves in oil prices, moves that oil majors have no hope of reacting to given their current business models.

But stringent fuel - efficiency measures for cars and trucks, and a shift which sees one - in - four cars being electric by 2040, means that China is no longer the main driving force behind global oil use — demand growth is larger in India post-2025.

The IEA 450ppm scenario sees 2035 oil demand 25 % below the business as usual case.

After years of effort to try to slow demand for tar sands oil in the U.S., campaigners are finally seeing their arguments seriously taken up at the highest levels of the federal government.

U.S. oil demand is now seen as having peaked in 2005, and if additional climate - friendly policies are put in place it is expected to decline further.

But in any case it will be very challenging to see an increase in the production to meet the growth in the demand, and as a result of that, one of the major conclusions we have from our recent work in the energy outlook is that the age of cheap oil is over.

ExxonMobil's board rejects the Paris Agreement as unrealistic, seeing no global political will to place strict, enforceable limits on emissions, and that worldwide oil demand will continue to rise.

These scenarios explore the extent to which ongoing cost reductions could see solar photovoltaics (PV) and electric vehicles impact future coal, oil and gas demand, and subsequent CO2 emissions.

This could see the world's No 3 oil consumer cutting use further just as weak global demand and ample supply are already pushing the international Brent benchmark to multi-year lows.

Barring a dramatic slump in the Chinese economy (even more than we have seen until now), oil and gas consumption are bound to keep growing in the medium term, on the back of increased transport demand and government policies to increase gas consumption to stem air pollution from coal burning.

The Chinese figures could be seen as partial confirmation of this new normal for oil, with the 5.9 per cent increase in oil demand in 2014 over 2013 well below GDP growth of 7.4 per cent.

Some of the difference between the oil company scenarios and those from green NGO's and academics is due to fossil fuel lobby assumptions about demand and the role of gas (including shale gas), with CCS also seen as coming on line in a big way.

Demand reduced slightly, and we are expecting to see more [retirements of older coal and oil capacity].»