Sentences with phrase «fuelled high levels of demand»

In Canada a significant number of steam — assisted gravity drainage projects fuelled high levels of demand for all disciplines with experience in this area.

Not exact matches

Natural Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain supplies.

But if you use a cap instead, won't «the market» push prices to that same unpalatably high level, because of that same insatiable demand for fossil fuels?

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In particular, depending mainly on (i) exactly how much abatement might be required over 2019 - 23, (ii) the amount and availability of combined - cycle gas - turbine (CCGT) generation capacity with the required efficiency levels, and (iii) the evolution of commodity prices between now and 2021, the carbon price required to plug the supply gap could be lower or higher than the levels we have imputed from our modelling of the supply - demand dynamics in the EU - ETS over 2019 - 23, and the fuel - switching price levels implied by current forward curves.

Heading into the 2013 spring shoulder season (between winter and summer), when demand for electricity typically falls, higher prices for natural gas reduced the fuel's share of total generation below the record levels of last April.