Trends
![Trends](/cache/07-20/china-36.d67a64e6.jpg)
2020, July, 16, 16:15:00
CHINA'S OIL THROUGHPUT UP 9%
China's previous record high was 13.84 million b/d in December 2019.
![Trends](/cache/07-20/china-34.454f8454.jpg)
2020, July, 16, 16:00:00
CHINA'S GDP UP FASTER
China's GDP will return to pre-coronavirus levels by the end of the year, faster than any other major economy.
![Trends](/cache/07-20/oil-37.4cf5abe0.jpg)
2020, July, 15, 14:15:00
OIL DEMAND WILL UP
In 2021, oil demand is forecast to partially recover from the current year to show historic high growth of 7.0 mb/d.
![Trends](/cache/07-20/energy-148.24d67693.jpg)
2020, July, 14, 13:15:00
INNOVATION FOR ENERGY
Renewables by themselves "cannot ensure the reliable flow of electricity in any nation".
![Trends](/cache/07-20/usa-223.d093f31b.jpg)
2020, July, 14, 13:10:00
U.S. PRODUCTION: OIL (-56) TBD, GAS (-712) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 56,000 b/d month-over-month in July from 7,546 to 7,490 thousand barrels/day, gas production to decrease 712 million cubic feet/day from 80,266 to 79,554 million cubic feet/day .
![Trends](/cache/07-20/oil-34.ad702127.jpg)
2020, July, 14, 13:05:00
ENERGY MARKET: HUGE VOLATILITY
The fact that we are seeing 20% to 30% capital cost cuts this year quite radically means that we will face huge volatility in the future, because these are supplies that will not be coming on time when demand will recover.
![Trends](/cache/07-20/price-574.c239176e.jpg)
2020, July, 14, 12:45:00
EUROPE'S GAS DEMAND DOWN
Gas consumption in Q1 fell by more than 20% year on year in a number of EU countries, including Romania, Latvia, Finland and Slovakia.
![Trends](/cache/07-20/decarbonisation-1.9c3ed7a8.jpg)
2020, July, 14, 12:35:00
DECENTRALIZED, DECARBONOZED ENERGY
We are transitioning from a centralized, fossil-fueled bulk power, system-centric, siloed architecture to a decentralized, decarbonized, event-driven, technology-rich, data-centric, IoT architecture.
![Trends](/cache/07-20/nuclear-317.d8396100.jpg)
2020, July, 14, 12:20:00
SMALL NUCLEAR FOR BRITAIN
UK's entire nuclear industry could contribute GBP9.6 billion per annum to the economy and support 130,000 jobs by 2050
![Trends](/cache/07-20/gas-191.220721d9.jpg)
2020, July, 10, 11:30:00
LNG TRADE WILL UP
Global LNG trade surged 13% year on year in 2019 to 354.7 million mt
![Trends](/cache/07-20/price-558.5b67358e.jpg)
2020, July, 8, 11:55:00
OIL PRICES 2020-21: $41-$50
EIA expects monthly Brent spot prices will average $41/b during the second half of 2020 and rise to an average of $50/b in 2021
![Trends](/cache/06-20/economy-29.54dad356.jpg)
2020, June, 29, 14:30:00
GLOBAL ECONOMY UPDOWN
Global output is projected to decline by 4.9 percent in 2020, 1.9 percentage points below our April forecast, followed by a partial recovery, with growth at 5.4 percent in 2021.
![Trends](/cache/06-20/renewable-99.8e5636a5.jpg)
2020, June, 26, 11:15:00
VIRTUAL POWER PLANTS
A virtual power plant (VPP) is one that connects a network of distributed energy resources (DERs) together using cloud-based control software to enable effective power generation and distribution.
![Trends](/cache/06-20/hydrogen-18.2f29aaa4.jpg)
2020, June, 26, 11:10:00
HYDROGEN FOR FUEL CELLS
Hydrogen fuel cells can also open up additional revenue streams for utilities
![ENERGY TRANSITION INVESTMENT $4.5 TLN](https://img.youtube.com/vi/S2dDfaOuLNU/0.jpg)
2020, June, 24, 12:40:00
ENERGY TRANSITION INVESTMENT $4.5 TLN
Energy transition investment can boost the economy over the 2021-23 recovery
phase and create a wide range of jobs.