Sentences with phrase «less demand for oil»

Every year that follows will bring more electric cars to the road, and less demand for oil.

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

Not exact matches

When the company auctions that oilfield drill, for example, the goal is for its pricing model to forecast demand in the near future based on different factors, such as the price of oil, leaving Ritchie Bros. less vulnerable to market surprises.

Meanwhile, buoyed by many of the same forces driving most commodities (not to mention insatiable demand for energy), Canadian oil companies, including Imperial Oil, Husky Energy and Canadian Oil Sands, also reported strong — albeit less historic — earninoil companies, including Imperial Oil, Husky Energy and Canadian Oil Sands, also reported strong — albeit less historic — earninOil, Husky Energy and Canadian Oil Sands, also reported strong — albeit less historic — earninOil Sands, also reported strong — albeit less historic — earnings.

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.

Still, we see less risk of a renewed oil price plunge and the potential for a gradual rise toward long - term equilibrium levels around $ 60 a barrel, where supply and demand are likely to find a better balance.

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.

Some of this new capacity is already under contract, but if oil prices remain low for several years, expiring contracts might be replaced with new deals for less demand, and at far less favorable prices.

But the commercial aviation industry burns nearly 240 million gallons (945 million liters) of Jet A daily and if oil prices were to approach the $ 150 - per - barrel mark reached last year, the demand for Camelina oil might end up driving farmers to grow less wheat — a staple food crop.

Results: With energy demands increasing around the globe, engineers continually look for ways to squeeze more fuel out of crude oil faster and with less waste.

The underlying motivation varies from buyer to buyer and usually involves one or more of these objectives: diminishing the demand for foreign oil, potentially releasing less pollution and carbon, saving money on cost per mile, driving solo in carpool lanes and / or irritating friends and strangers with an air of superiority.

That means that a company like SXL may suffer a decline in its own business, as there may be less demand for moving oil and refined products around.

But as Jad Mouawad notes in The Times, if that amount of oil were extractable, it would still add up to less than three years» worth of gasoline, heating oil and other petroleum needs at today's consumption rate of 86 million barrels a day — and the demand for oil is rising.

What will happen is an ongoing softening of demand for oil, as gasmobiles become less and less competitive on cost.

If the substitution happens fast, then the demand for oil and gas falls, and price falls back, too - rendering the new technologies less economically attractive.

They acknowledge consumer demand for oil and gas — affordable, reliable and portable fuels that make life less harsh, healthier and more prosperous — but they want government to choke off that demand by cutting supply.

The analysis found, somewhat surprisingly, that only proceeding with lower cost, less carbon - intensive projects needed to satisfy demand in a carbon - constrained world will add over $ 100 billion to the value of the world's seven oil majors, unless oil prices spike beyond $ 100 a barrel for a sustained period of time — well over OPEC's long - term average assumption of around $ 80 a barrel.

IEA study unveils key role for trucks in global oil - demand growth Fast - growing road - freight transport receives far less policy attention than passenger vehicles 3 July 2017

As the world's highest yielding oilseed, the crop generates substantially more vegetable oil per acre than soy, canola (rapeseed), or corn, meaning that palm oil can help meet future demand for vegetable oil with less land, a point palm growers are quick to mention in any discussion over the environmental impacts of palm oil.

According to the EIA, U.S. oil demand will more or less hold steady for the next two and a half decades.

At 50 gallons per acre, he explains, «even if every acre of U.S. cropland were used for hemp, it would supply current U.S. demand for oil for less than three weeks.»

All the hand waiving and admonitions of less - is - beautiful advocates will not change the direction of the increasing demand for electricity and oil throughout the world.