Sentences with phrase «lower demand for oil»

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

, which calls for lowering demand for oil, raising mileage standards, and reducing greenhouse gases.

Not exact matches

On the other hand, if the province decided not to become involved in the firm shipping market, they would distort the signals received by the regulators in terms of the demand for shipping services, leaving the system short of capacity and lowering the value of Canadian oil in the process.

Programmed Maintenance Services has returned an annual net loss as a result of lower demand for marine services following the steep drop in oil and gas prices.

Consumer demand for cars was ready to rise on low oil prices, and lower raw material costs could also translate to lower costs for GM.

The Chinese firm's demand for May - loading crude will be lower than the previous month due to refinery maintenance and as one of China's largest oil ports, Huangdao, could be shut for days from early June to accommodate a government meeting, a second company source said.

Their shares have been hammered this year on fears that low oil prices would sap demand for renewable energy, even though the business often relies on government incentives.

OPEC hopes to regain market share from expensive unconventional oil and renewable energy, and to renew demand for oil through several years of low oil prices.

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

The International Energy Agency that previously warned of lower for longer oil prices and warned last year that the oil price recovery was threatened by the possibility of weak demand now has changed its tune and is now saying that it is «mission accomplished» for OPEC as oil stocks shrink at a record pace.

This slump will probably lead to lower demand for Saudi oil, as U.S. production and refining capacity return to normal.

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.

«Lower oil prices are precipitating an upwards revised forecast for world demand,» Andy Lipow, president of Lipow Oil Associates LLC in Houston, told Bloombeoil prices are precipitating an upwards revised forecast for world demand,» Andy Lipow, president of Lipow Oil Associates LLC in Houston, told BloombeOil Associates LLC in Houston, told Bloomberg.

The conditions precipitating this change — lower volumes and value of crude oil from Mexico, and increasing demand from Mexico for refined products from the U.S. as prices are rising — may not be the new normal.

The 104 - page OPEC report finds that there will be greater demand for the group's oil in 2016, with customers consuming an average of 31.65 million barrels a day throughout the year because the market will be «supply - driven» as competitors, beset by low prices, continue to cut back severely on capital expenditures ranging from exploration to new drilling.

Until a balance is restored between supply and demand, though, Saudi Arabia is willing to endure the current low price of oil, even as its own budget, heavily reliant on energy revenues, faces a deficit of $ 98 billion, or 15 percent of gross domestic product, for fiscal 2016.

One small group thinks that lower for longer could end soon because U.S. shale can't keep a lid on prices forever and can't catch up with expected robust demand — all the more so that investments in conventional supply around the world have slumped since the oil prices started crashing.

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.

To be sure, the supply and demand situation can change quickly, particularly for oil, and lower prices are having an impact on demand.

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.

However, rising fuel prices could hurt the economies of oil - importing counties and lower their demand for cheese and other dairy products.

Moore notes Wellard's earnings have strong leverage to rising demand for meat, a lower Australian dollar and oil price, and «a clear growth strategy that should underpin solid earnings growth over the next few years.»

The strengthening industry performance is being driven by a combination of factors: • Lower oil prices (forecast to be $ 55 / barrel Brent in 2015 and averaging a lower $ 51 / barrel in 2016) are giving airline profits a boost; however this is strongly moderated in many markets by the appreciation of the US dollar • Strong demand for passenger travel (6.7 % growth in 2015 and 6.9 % in 2016) is making up for disappointing cargo demand growth (1.9 % in 2015; strengthening to 3.0 % in 2Lower oil prices (forecast to be $ 55 / barrel Brent in 2015 and averaging a lower $ 51 / barrel in 2016) are giving airline profits a boost; however this is strongly moderated in many markets by the appreciation of the US dollar • Strong demand for passenger travel (6.7 % growth in 2015 and 6.9 % in 2016) is making up for disappointing cargo demand growth (1.9 % in 2015; strengthening to 3.0 % in 2lower $ 51 / barrel in 2016) are giving airline profits a boost; however this is strongly moderated in many markets by the appreciation of the US dollar • Strong demand for passenger travel (6.7 % growth in 2015 and 6.9 % in 2016) is making up for disappointing cargo demand growth (1.9 % in 2015; strengthening to 3.0 % in 2016).

What are the options for decreasing demand for oil and lowering greenhouse gas emissions in cars and light trucks?

«It is unlikely that historically low rates of deforestation can persist in the face of growing pressures to clear land due to increases in population, demand for wood and charcoal, cropping with reduced fallow periods leading to soil degradation, and international interests in large scale land investments for oil, biofuel and other crops,» the study states.

Khew and others say Singapore's highly efficient oil refining industry could help the world meet its demand for petroleum at a lower environmental cost than elsewhere.

Increasing demand for fish oil for direct human consumption (e.g. capsules and additives) will contribute to driving higher fish oil prices and lower inclusion rates in feeds for farmed seafood.

The 1973 Oil Crisis didn't hit until the fall of that year, but rising inflation, the Nixon Shock, stricter emission controls, and soaring insurance bills had already resulted in much lower demand for...

on ** SOLD ** 2009 Chevrolet Silverado 1500 LT — Low Miles, In Demand Color, and Oil Changed — Used Cars For Sale in San Diego — Stock #: 11629

Lower oil prices have reduced demand for the company's pit liners and a drop in corn prices have depressed investment by agricultural producers.

I noted that oil exploration is a «long game» gauged around the likelihood for rising demand in decades to come, but asked if they thought low prices (and projections for more of the same) played a role?

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).

2) Low oil prices mean difficult - to - decarbonize sectors of the economy — like long - haul trucking and aviation — get even more difficult to decarbonize on a relative basis, increasing the demand for indirect GHG abatement options (such as CDR).

The 2010 Deepwater Horizon accident and spill in the Gulf of Mexico was a major setback for the offshore hydrocarbons industry; prospects for offshore oil and gas have also been shaken by the shale revolution and by lower prices, and must cope with longer - term uncertainties over demand.

Indonesia's alang - alang grasslands, for example, provide a low - opportunity - cost way of meeting rapidly growing demand for palm oil for food.

Demand destruction is occurring as we speak, oilers are going to low EROEI resources as the good stuff dwindles, previously net exporting countries are keeping the oil for themselves, statistical reports are «hiding the decline» as they try to substitute other liquids for crude, and then you have that article that Bain linked to anecdotally.

(clockwise from top left) Cars queuing for petrol in London during the 1979 oil crisis; the Saskatchewan Conservation House in Canada, one of the pioneering low energy houses of the 20th century, was built in 1977; constructed even earlier was the Solar 1 house at MIT, which was built in 1939, and featured 33 sqm of solar thermal panels and a huge storage tank to meet its heating demand.

However, the arrival of Thatcher and Reagan to power in 1979 and 1980 resulted in a collapse of oil prices over a six year period, destroying the demand for low energy buildings and destroying the fledgling renewable energy industry.

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.

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.

[vi] This analysis includes the CO2 emissions from use of the oil and the impact of increased demand for oil due to lowered oil prices from the additional supply of oil.

Investing in our nation's infrastructure will not only allow the oil and natural gas industry to keep pace with energy demand, it will also help keep energy affordable for the consumer, while creating wellpaying jobs, giving U.S. manufacturers a competitive advantage through lower energy and raw material costs and providing revenue to local, state and federal governments.

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However, reducing the demand for fossil fuels on the other hand would lower the price of oil and put a cap on tar sand production.

This can occur through (1) relocation of energy - intensive production in non-constrained regions; (2) increased consumption of fossil fuels in these regions through decline in the international price of oil and gas triggered by lower demand for these energies; and (3) changes in incomes (thus in energy demand) because of better terms of trade.

However, a negative leakage (i.e., leakage having the effect of reducing emissions) could also occur due to a lowering in demand and price for oil and gas.

I do nt see that as a limitation Not sure where Allan is getting the 25 - 30TW figure for business as usual, perhaps manufacturing synthetic oil and using it to power 2Billion low mpg SUV's This seemingly unavoidable shortfall between supply and demand needs to be brought to the attention of the general public, because massive improvements in efficiency, eradication of trivial uses of electricity, and lifestyle changes, particularly in relation to transport seem inevitable.

Wall Street Journal — Low oil prices and economic growth have helped drive up consumer demand for energy across the world in 2015, the International Energy Agency said Thursday, a phenomenon seen from U.S. gasoline stations to Chinese auto dealerships.

Demand for oil increases, largely now from Asian economies, and new oil production locations struggle to replace existing production declines but from lower quality and higher cost (lower net energy) resources.

Kevin Drum's recent post on the low price elasticity of demand for oil has reignited an old debate over gas taxes and energy innovation.