Sentences with phrase «oil demand»

But one often - overlooked fact is that passenger cars represent only a relatively minor share of global oil demand growth.

The future of the oil sands lies with the growth of oil demand in Asian markets, not in American ones.

However, recent encouraging data about global oil demand growth is making some observers and players in the industry more bullish on oil prices.

The other major driver of oil demand growth in coming years comes from what is perhaps the most visible symbol of modern life — plastics.

During the last recession, world oil demand fell by 3.4 million barrels a day between the first quarter of 2008 and the second quarter of 2009.

In other words, even after oil demand peaks, the Oil Age is likely to have a decades - long tail.

Nobody seriously argues that reducing oil demand in one country would be useless.

The report described hybrids as a game - changing technology that will significantly reduce oil demand by making electricity the primary energy source for transportation.

However, longer term, we believe that off - shore capital expenditure trends will eventually improve as oil demand continues to increase moderately, while production from existing fields continues to decline.

With little new oil to be discovered and world oil demand growing fast, companies appear to be realizing that their reserves will become even more valuable in the future.

At the same time, there are signs global crude oil demand is finally starting to catch up with production.

No matter how fashionable, electric cars alone can't put oil demand on a climate stabilization path.

In addition to that, cold engines and oil demand more power from the battery to start than at normal temperatures.

This helps oil demand continue to rise, as well as air travel demand.

Taken together, this explain why under current policies the outlook still sees robust oil demand growth for several years to come.

Then Q2 oil demand growth figures started coming in, and showed that demand growth was stronger than expected and would continue to be robust in the months to come.

«However, as the price declines persist in our stress scenario of weaker oil demand, meaningful pressure could build on ratings,» he says.

It means oil demand will begin to be phased out quickly in an increasing number of countries as well.

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

Oil demand grew by 1.9 m barrels a day in 2015, heavily influenced by the collapse in crude prices.

It is this year's U.S. oil demand forecast from the Department of Energy's Energy Information Administration (EIA).

And the slide in oil prices, in turn, was blamed by market analysts on rising U.S. oil output, as well as the International Energy Agency's (IEA) downgraded global oil demand forecasts, which contradicts OPEC's rosier outlook that demand for oil will strengthen.

The article cites the prospect of increased oil demand from a healthy economy (check), slumping shale oil and offshore oil and gas productions (check), decreased production from OPEC and non-OPEC nations (check), banks unwillingness to finance new oil and gas exploration (check), and political instability (check).

A deal with China to potentially open their economy is very bullish for oil demand expectations as well as global economic growth.

Negligible effect on oil demand expected from Irma.

«Despite moderate global economic growth, recent data shows better - than - expected oil demand in some of the main consuming countries.

Prior shareholder letters insisted the proposals were misguided or ignored the company's efforts to spell out its position that even a world intent on limiting temperature rises would still need more oil — a position shared by bodies such as the International Energy Agency, which sees oil demand rising for some years to come yet.

«Thus, the risks of potential «trade wars» and the potential negative impact on the global economy and on oil demand if these risks do materialise should constitute a serious concern for OPEC,» the authors argue.

Crude oil demand expectations were bearish, but the outlook for middle distillates was more bullish with the outages coming at a time of increased demand for the winter season.

I always get amused at folks who think oil demand is going to drop and the only argument they have is EV's.

We had confidence that with continued scrapping of ships and increased oil demand, one day the remaining ships would be worth far more than their value as scrap.

Several large pension funds and money - management firms have criticized Shell for failing to take into sufficient account the potential that, when oil demand peaks and carbon constraints bite, Shell may find itself laden with stranded assets: untapped black gold it can't profitably sell.

But that effort misses the reality that as long as oil demand is high in the United States and elsewhere, there will be environmental risks and often terrible social costs in farflung and loosely governed places.

Finally, achieving this goal of curbing oil demand growth will involve expanding technologies such as advanced biofuels, hydrogen and high efficiency processes.

Boosted by the bullish supply - demand reports, oil prices rallied on Monday, with Brent hitting a more than two - year high on strong oil demand growth and the threat to Kurdish oil exports over the referendum on independence.

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.

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Exxon's scenario sees oil demand fall at -0.9 % p.a. over the period 2016 - 2040 compared to the IEA's -1.0 %; gas demand grows at +0.8 % compared to the IEA's +0.6 %.

In the month to end - September, the International Energy Agency (IEA) and OPEC issued reports suggesting that the global commercial oil stocks have been diminishing, while oil demand growth is strong and expected to stay that way.

According to Mike Muller, Vice President of Crude Trading & Supply at Shell Trading, the soaring diesel fuel demand and the buying of crude oil to fill strategic reserves have been the key drivers of this year's higher oil demand growth.

If the commercial operations prove viable, the consortium hopes to be able to produce 100 million gallons per year — enough to supply 5 % of Massachusetts diesel and home heating oil demand.

China is headed for 150 million cars ore more by 2020, and an extra oil demand of two million barrels per day.

Refiners could benefit too, if global oil demand surprises on the upside.

It is something which is absolutely obvious, and the low - cost cheap oil is only remaining in OPEC countries in the Middle East... there are all these more technical oils such as deepwater, extra heavy oil, arctic oil, which can be produced but only when the price is right, and which depends on the law of offer, supply and demand, due to which oil demand is very important»

And belatedly, even the International Energy Agency (IEA), long fixated on shrinking oil demand in its own member OECD countries, has finally recognized what carbon emissions have been saying for the last three years: that China is the world's largest consumer of energy.