Sentences with phrase «global oil consumption for»

The net bullish position was equivalent to 1.411 billion barrels of crude and fuels - enough to satisfy global oil consumption for more than two weeks.

Not exact matches

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

The paper's authors apply a simple model of the world oil market to reach their conclusions, which are driven by the potential for the pipeline to increase global oil supply, thus lowering oil prices and increasing consumption.

For every barrel of extra oil obtained from tar sands as a result of the pipeline, global oil consumption would increase by 0.6 barrels, because the extra oil would lower oil prices and encourage people to use more.

U.S. will dominate in oil and gas For the first time in 2012, global gas production exceeded 3 billion metric tons, marking the third consecutive year of both rising production and consumption, according to the report.

This represents, for all plastics (not just packaging), about 6 % of global oil consumption, which is equivalent to the oil consumption of the global aviation sector.

Although the growth rate of coal slows from the breakneck pace of the last decade, global coal consumption by 2017 stands at 4.32 billion tonnes of oil equivalent (btoe), versus around 4.40 btoe for oil, based on IEA medium - term projections.

If the current strong growth of plastics usage continues as expected, the plastics sector will account for 20 % of total oil consumption and 15 % of the global annual carbon budget by 2050.

Powerful impetus from other sectors is enough to keep oil demand on a rising trajectory to 105 mb / d by 2040: oil use to produce petrochemicals is the largest source of growth, closely followed by rising consumption for trucks (fuel - efficiency policies cover 80 % of global car sales today, but only 50 % of global truck sales), for aviation and for shipping.

The energy system is both a source of emissions that lead to global warming and it can also be directly affected by climate change: through changes in our energy consumption patterns, potential shutdowns of offshore oil and gas production, changing ice and snow conditions in the oil production regions of Alaska, changing sea ice conditions in the Arctic Ocean and the implications for shipping routes, and impacts of sea - level rise on coasts, where so much of our energy facility infrastructure is located.

Analysis in the new WEO - 2017 showed that for the first time the largest share of global subsidies that benefit fossil fuel consumption went to keep electricity prices artificially low (41 % of the global total), ahead of oil (40 %) and natural gas.

This study shows Brazilian sugarcane ethanol could displace up to 13 % of global crude oil consumption by 2045 whilst balancing forest conservation and future land demand for food.

«In 2014, the global consumption of coal, oil and natural gas reached 8.2 billion tons, 33.6 billion barrels and 3.5 trillion cubic meters respectively, which can sustain [the world] for 110, 53 and 54 years if the current exploration intensity still maintains,» Liu said.

Transportation is responsible for two - thirds of US oil consumption and nearly 40 percent of the country's global warming pollution on a life cycle basis.