Sentences with phrase «oil demand growth as»

Not exact matches

He said everything from oil to metals to lean hog prices are dropping as weaker growth globally weighs on demand.
If the oil majors were to attempt to be more disciplined this time around, the resulting rise in prices would simply accelerate the development of alternative sources of supply, as well as curbing demand growth.
Oil prices could spike as US shale growth falls short of global demand, Dallas Fed President Robert Kaplan says.
The banks says the long - oversupplied oil market is tightening up more quickly than expected as global economic growth fuels demand and output cuts by OPEC, Russia and several other producers eat into the world's crude stockpiles.
CNBC's Jackie DeAngelis reports on the trading action in crude, as oil prices slide on global growth worries over demand.
If the planet is to avert the worst scenarios for climate change, the optimistic long - run forecasts for oil demand growth put forward by energy giants such as Exxon can be thrown out the window.
«We anticipate a rebound in oil prices as U.S. supply growth slows, demand improves, and the dollar potentially tops and begins to weaken over the next 12 to 18 months,» Stifel analysts wrote.
A deal with China to potentially open their economy is very bullish for oil demand expectations as well as global economic growth.
Chinese growth has meant enormous demand and rising prices for many of Canada's resources, particularly coal and oil, as well as base metals such as copper, nickel and aluminum.
Oil producers have also benefited from the global upswing, as stronger economic growth has spurred demand for energy.
As supply remains strong, demand growth is expected to weaken alongside a decline in the economy of China, the world's No. 2 oil consumer.
While careers in the oil and gas industry appear to be booming, demand for environmental scientists, hydrologists, and mining and geological engineers isn't nearly as high, and in those fields, salary growth lags behind the national average for all professions.
Strategies for growth include increasing pipeline and terminal throughput, utilizing our crude oil distribution and marketing expertise to address regional crude oil supply and demand imbalances, and pursuing organic growth opportunities as well as strategic acquisitions that are synergistic with existing assets.
Up until the mid-2020s demand growth remains robust in the New Policies Scenario, but slows markedly thereafter as greater efficiency and fuel switching bring down oil use for passenger vehicles (even though the global car fleet doubles from today to reach 2 billion by 2040).
However, in the spirit of Chairman Smith's request, this report analyzes the Clean Power Plan in the context of the AEO2015 High Economic Growth and High Oil and Gas Resource cases as well as the Reference case in order to examine indicators of the proposed rule's impacts on energy markets under varying assumptions regarding economic growth, electricity demand, and fuel pGrowth and High Oil and Gas Resource cases as well as the Reference case in order to examine indicators of the proposed rule's impacts on energy markets under varying assumptions regarding economic growth, electricity demand, and fuel pgrowth, electricity demand, and fuel prices.
After Paris, it's widely believed that the petroleum industry is entering an «ex growth» phase, meaning demand for oil will level off and eventually begin to decline as national emissions regulations tighten and clean energy alternatives become more affordable.
I start (and started) from the premise that the dramatic decline in crude oil prices that took place from August, 2014 ($ 96 / barrel), to March, 2015 ($ 44 / barrel), was due — on the one hand — to decreased demand, a function of slow economic growth in Asia, Europe, and elsewhere, endogenous, price - driven technological change leading to greater fuel efficiency, and policy - driven technological change that also has been leading to greater fuel efficiency, such as more stringent Corporate Average Fuel Economy (CAFE) standards in the United States; and — on the other hand — was due to increased supply, partly a function of the growth of unconventional (tight) U.S. oil production (a product of the combination of two technologies — horizontal drilling and hydraulic fracturing).
But in any case it will be very challenging to see an increase in the production to meet the growth in the demand, and as a result of that, one of the major conclusions we have from our recent work in the energy outlook is that the age of cheap oil is over.
IEA releases Oil Market Report for January As oversupply, mild temperatures and grim economic news check growth demand, non-OPEC output falls year - on - year for first time since 2012 19 January 2016
IEA highlights production growth outlook for Brazilian oil and biofuels even as demand dips Deputy Executive Director presents medium - term forecast at event organised by Ministry of Mines and Energy 20 April 2016
The data that Exxon relies upon are from old models with dated technology cost assumptions and, as demonstrated by a reliance on significant growth in bio-energy, many of the models appear limited in their capacity to fully capture potential impact upon oil demand.
China and India represent the future of oil demand growth, as demand in OECD countries declines.
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The Chinese figures could be seen as partial confirmation of this new normal for oil, with the 5.9 per cent increase in oil demand in 2014 over 2013 well below GDP growth of 7.4 per cent.
Yet the growth in oil demand from trucks has outpaced all other sectors — including passenger cars, aviation, industry and petrochemical feedstocks — since 2000 and contributed 40 % to global oil demand growth, a similar contribution as cars.
Sadad al - Husseini, recently retired as head of exploration and production at Aramco, the Saudi national oil company, notes that new oil output coming on - line had to be sufficient to cover both annual growth in world demand of at least 2 million barrels a day and the annual decline in production from existing fields of over 4 million barrels a day.
As demand decreased in response to higher prices, growth in oil production ceased from 1973 to 1985.
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.
It really boggles the mind to think of the demand growth which would be required to meet a shift from oil as a transportation fuel to electric cars.
«Electric vehicles (EVs) are in the fast lane as a result of government support and declining battery costs but it is far too early to write the obituary of oil, as growth for trucks, petrochemicals, shipping and aviation keep pushing demand higher.
In the next 10 years, McKinsey expects oil demand growth to flatten due to growing fuel efficiencies and competitive technologies such as the electric car.
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