Sentences with phrase «for global oil demand»

Exxon's report does not seem to consider the financial risk to it and other oil producers from the potential for global oil demand to begin declining within the next 10 - 15 years, even without robust climate policies.

The IEA also upped its forecast for global oil demand for this year and next year due to revised estimates for Russian and Chinese demand.

Not exact matches

A wave of global economic growth has driven up demand for oil.

«Thus, the risks of potential «trade wars» and the potential negative impact on the global economy and on oil demand if these risks do materialise should constitute a serious concern for OPEC,» the authors argue.

Internal studies by a group of analysts within Shell known as the «scenarios» team had concluded that global demand for oil might peak in as little as a decade — essentially tomorrow in an industry that plans in quarter - century increments.

The International Energy Agency, which says that global oil demand could peak around 2020 if governments adopted particularly green policies, predicts that even if it happened, oil still would account for 23 % of total global energy in 2040, down from 32 % in 2016.

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 %.

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Servioil, said Tom Kloza, global head of energy analysis at Oil Price Information ServiOil Price Information Service.

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

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

For starters, global oil production appears more closely in line with demand following a prolonged search for a new equilibrium amid a breakdown in the Organization of Petroleum Exporting Countries (OPEC) cartel and increasingly productive oil extraction technologies in North AmeriFor starters, global oil production appears more closely in line with demand following a prolonged search for a new equilibrium amid a breakdown in the Organization of Petroleum Exporting Countries (OPEC) cartel and increasingly productive oil extraction technologies in North Amerifor a new equilibrium amid a breakdown in the Organization of Petroleum Exporting Countries (OPEC) cartel and increasingly productive oil extraction technologies in North America.

So a weakened global economy has led to lower demand for oil.

Our strategy is even more compelling against the backdrop of global demand growth for light sweet crude oil,» Muncrief added.

The phase change occurred also because of a profoundly weakened global economy and lower demand growth for oil.

This came against a backdrop of surging global demand for oil and related products.

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

Oil prices have arisen from the lows set in March, but a glut of inventory and few catalysts for dramatic jumps in global energy demand suggest 2015 earnings will likely be less than half of last year's tally.

Demand for jet fuel has increased over the last two years as the global economy has strengthened and airplane passenger traffic has risen, said Sandy Fielden, director of oil and products research at Morningstar Commodities in Austin, Texas.

A deal with China to potentially open their economy is very bullish for oil demand expectations as well as global economic growth.

«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.»

Lackluster global economic growth in 2014 and 2015 correspondingly reduced the demand for a wide range of commodities, including oil.

But for now, our working assumption is that global oil demand could be reduced by at least 600,000 bpd in September because of the two hurricanes.

Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the oil market on the right track towards rebalancing, according to industry executives who spoke at a conference on Tuesday.

The global industry is worth $ 225 - billion a year, with the demand for iron - ore larger than any other commodity, excluding oil and gas.

The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from Continue Reading

World oil demand will rise less than previously thought in 2014, due to a lower outlook for the global economy and demand growth in the second quarter falling to its lowest level in more than two years, the West's energy watchdog said Tuesday.

The first undeniable factor is weakening demand for oil, the engine of global economic growth.

Global demand for oil has been consistently ahead of expectations, and the growth seems to be accelerating.

The EIA continues to forecast that global oil demand will increase by 1.5 million b / d for the next year or two.

Oil producers have also benefited from the global upswing, as stronger economic growth has spurred demand for energy.

Demand growth «has stalled and that represents a significant change in the environment for producers both in OPEC and outside it,» said Dave Ernsberger, global head of oil content at S&P Global Pglobal head of oil content at S&P Global PGlobal Platts.

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

Global demand and a falling dollar have been responsible for an oil rally into the year end.

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.

The global pick - up in demand and activity has generated strong upward pressure on a range of commodity prices over recent months, notably for oil, gold, base metals and a number of rural commodities.

Oil in Global Economy Series: Tight supplies amid higher demand pushes Saudi to increase oil price for Asian customOil in Global Economy Series: Tight supplies amid higher demand pushes Saudi to increase oil price for Asian customoil price for Asian customers

However, Bord Bia said prospects for Irish dairy exports in 2017 look positive: Recovering global dairy prices and increased demand from key global dairy importers and anticipated stronger oil prices should help exports.

At a time when the conversation around palm oil centres on deforestation, fires and habitat loss — and global demand shows no signs of abating — several companies have come together to create Palm Done Right, a new standard for ethical palm oil production...

Capitalize on the increasing global demand for rice bran oil produced at the joint venture Irgovel plant in Brazil, where Irgovel management completed capital investments to increase raw rice bran processing capacity by approximately 50 % in 2015;

In essence, for one to believe that TRN is a diamond in the value rough, one would probably need to be bullish on oil as well as the sustainability of a global revival in the demand for materials.

Despite appreciating more than 7 % thus far in 2017, indications are that this Warren Buffett - owned stock will continue to rise on improved global supply and demand conditions for oil.

the International Energy Agency's (IEA) downgraded global oil demand forecasts, which contradicts OPEC's rosier outlook that demand for oil will strengthen.

A wave of global economic growth has driven up demand for oil.

The January crude contract on the New York Mercantile Exchange fell 99 cents to US$ 59.95 a barrel, adding to a loss of almost $ 3 racked up Wednesday after OPEC cut its forecast for global demand for the cartel's oil.

The onset of the global recession in the fall of 2008 and the resulting decrease in worldwide demand for hydrocarbons caused many oil and natural gas companies to curtail capital spending for exploration and development.

The global demand for oil and natural gas is increasing, which makes these excellent long - term investments.

Global economic expansion is driving a huge increase in demand for oil and gasoline.

When gas prices finally did fall, it was mostly because the global recession had led to less demand for oil.

If other countries followed suit, even if just partially, then global demand for oil would decrease and... the price of oil would decrease.

My sense is that they take green tech seriously as a global business sector and a way, internally, to limit coal and oil demand and dependence, but I don't perceive the Chinese taking low carbon seriously as an internal policy goal (if that means a carbon intensity trajectory more than a nudge below what will happen anyway for other reasons).