Sentences with phrase «global oil demand increased»

In 2010, global oil demand increased by 2.8 million barrels per day.

Not exact matches

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»).

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.

That lower baseline energy demand as well as marginal increases in supplies has led to lower global oil and gas prices and more competitive pressure on the uranium space.

However, in contrast to the reaction following the March output increase, the oil price did not fall sharply following this announcement, as the market judged the increase was again likely to be insufficient to exceed projected increases in global demand.

Bank revenues from commodities trading have soared since 2003, fueled by increasing global demand from emerging markets like China and India, requiring more oil, metal and raw materials.

The increase in global demand in 2017 — two million barrels of oil per day — has done more than anything else to rectify the oversupply that existed in the oil market.

By mid-2014, increased U.S. production combined with other energy production began to exceed global demand, leading to excess oil inventory.

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

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

Increased demand from consumers such as Saudi Arabia and Russia, buoyed by strong oil prices, coupled with exports to traditional trading partners such as Japan, is benefiting the Australian dairy sector, which has a 17 per cent share of global cheese exports.

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.

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;

Short - term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market's increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider.

According to a report by OPEC earlier this year, the increase in non-OPEC supply last year was more than twice that of global oil demand growth.

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.

Because global oil demand is increasing, declining production will soon generate high energy prices, inflation, unemployment, and irreversible economic depression.

An IEA collective action would be initiated in response to a significant global oil supply disruption and would involve IEA Member Countries making additional volumes of crude and / or product available to the global market (either through increasing supply or reducing demand), with each country's share based on national consumption as part of the IEA total oil consumption.

Providing energy for all would have a minimal impact on global energy demand, with an increase of 0.2 % (37 million tonnes of oil equivalent) relative to our base case.

By 2040, global demand for liquid fuels is expected to grow to approximately 115 million barrels of oil ‑ equivalent per day, an increase of almost 30 percent from 2010.

Looking ahead, it's likely that the cost of oil will again increase as the global economy recovers and demand from developing countries continues to grow.

Boosted by economic growth in Asia and a resurgent petrochemicals industry in the United States, global oil demand will increase by 6.9 mb / d by 2023 to 104.7 mb / d, according to the IEA.

November Oil Market Report forecasts slower growth in 4th - quarter global demand Supply increased in October, IEA short - term outlook finds 13 November 2012

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.

As Tropical forests across the world are in danger from the steadily increasing reach of the palm oil industry, which is projected to expand exponentially as global demand increases.

Global economic expansion is driving oil demand higher and increasing production of U.S. shale oil, particularly from the Permian Basin...

As we seek to increase production of oil and natural gas to meet growing global energy demand, we are committed to mitigating greenhouse gas emissions within our operations.

It indicates how rising prosperity is driving an increase in global energy demand and how that demand may be met over the coming decades through a diverse range of supplies including oil, natural gas, coal, and renewable energy.

Retail gasoline prices fell after crude oil prices dropped for the fourth straight week — a product of weaker - than - expected global demand and increasing production, which EIA says will save American households $ 550 next year, Bloomberg News reports.

â $ œI believe that although there may be a number of factors with regard to oil, the predominant factor by far is supply and demand, is the fact that global production and capacity hasnâ $ ™ t increased appreciably over the last 10 years and the demand has continued to grow and inventories are at low levels, â $?

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.

The increase in emissions of the all - important greenhouse gas came as global energy demand itself increased thanks to strong economic growth — and that demand was sated by all types of energy, including renewables but also oil, coal and natural gas.

Investors are obliged to weigh any number of unknowns: will Venezuela increase production and keep heavy oil differentials high; will the price of natural gas rapidly rise; will climate change suddenly force governments to introduce carbon taxes; can the companies control their labour and construction costs; will global demand continue to rise?

The Hays Oil & Gas Global Salary Guide shows that the gap between local and imported salaries in countries such as Singapore is narrowing as local talent demand increases.

Increased production and reduced demand due to slowing global growth led to the decline which saw oil prices fall from $ 110 per barrel to a 13 - year low $ 27 per barrel in early 2016, with recovery to just $ 43 / bbl in July.