Sentences with phrase «about global oil demand»

Not exact matches

The acceptance of the notion that global oil demand will peak within a generation is mind - blowing given that, just a decade ago, the chatter in the energy world was about a coming peak in oil supply.

Under this scenario, by 2040 global energy demand will be significantly larger than it is now; oil, coal, and natural gas each will account for about one - quarter of total demand, and solar and wind together will account for roughly 5 %.

Even a 5 percent drop in demand for fuel in those countries would knock about 325,000 bpd from global crude oil consumption.

While the trade data had little impact on U.S. financial markets, concerns about weakening global demand pushed Brent crude oil prices to the lowest level in more than four years, dragging down U.S. stocks.

In the case of oil, global oil demand (and supply) has risen by about 13 per cent since 2000, to about 86 million barrels a day at present.

«Consider that cars on average are in operation for only about an hour each day, but they account for 45 % of global oil demand and, on average, 3,500 daily deaths worldwide.»

Shaken by shale oil production in the United States, softening demand from China and Europe, and rising global concern about climate change, Canada's tar...

S&P Global warned this week about the very large «wildcard» that is China's oil demand, which could slow dramatically if China decides to throttle back the pace at which it is filling its strategic petroleum reserve.

The cartel, which controls roughly 40 percent of global oil production, has cut output by about 8.5 percent over the same period last year, while global demand is down by a little over 2 percent, according to the U.S. Energy Information Administration.

Of the just under 19 million barrels of oil used in the United States each day — about 20 percent of the global demand — 70 percent goes toward transportation, said Smith.

The company expects energy demand to grow at an average of about 1 % annually over the next three decades — faster than population but much slower than the global economy — with increasing efficiency and a gradual shift toward lower - emission energy sources: Gas increases faster than oil and by more BTUs in total, while coal grows for a while longer but then shrinks back to current levels.

The about - to - retire Executive Director of Greenpeace USA, Phil Radford, unabashedly points to Ross Gelbspan as «the lone voice, the moral compass, the beacon that has inspired countless people, me included, to demand our country and our future back from the coal and oil interests behind global warming» (full text here).

From the article:... U.S. crude oil fell on Friday, on track for its fourth daily decline on continued concerns about ample supply at a time of weak global economic data and fragile demand.

Our meeting has been held at a time of higher and volatile oil prices, continuing increases in global oil demand, localised supply problems for some forms of energy, concern about long term security of supply and increasing attention to the environmental impact from energy use.

It shows fuel shares of total world energy supply, including the contribution of fossil sources (oil, coal and gas), nuclear power (providing for about 16 % of global electricity demand and 6.5 % of all energy use) and renewables (13 % of total energy).

Authored by Tufts University economist Gilbert Metcalf, it finds that repeal of these three tax preferences would reduce U.S. oil and gas production by less than 5 %, and global oil demand by about 0.5 % — impacts he considers relatively small.