2019, November, 13, 12:55:00GLOBAL OIL DEMAND PLATEAU: 2030
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century
2019, November, 11, 13:05:00RUSSIAN, SAUDI'S OIL FOR CHINA
China has been relying heavily on Saudi Arabia and Russia for its refinery feedstock requirements over the recent years, with both producers constantly switching between them the top supplier position to Asia's biggest energy consumer.
2019, November, 11, 12:55:00BALANCING THE GLOBAL ENERGY SYSTEM
“Increased global and regional temperatures patterns, changes in precipitation amounts and seasonal distribution, a sea level rise, and changing characteristics of various extreme events such as increasing frequency, intensity, duration or even spatial extent of heat waves, droughts and storms, are forecast by most global and regional climate models,” said Loreta Stankeviciute, an IAEA energy systems analyst.
2019, November, 11, 12:50:00AFRICA'S ENERGY DEMAND GROWTH TWICE
Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.
2019, November, 11, 12:45:00UAE GDP GROWTH 2.5%
Following a challenging period, the economy is recovering. Non-oil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of Expo 2020 and fiscal stimulus. Overall GDP growth would register 2.5 percent in 2020.
2019, November, 8, 10:35:00MEXICO'S ECONOMY GROWTH 1.3%
Mexico's economy growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary. It is projected to recover to 1.3 percent in 2020 on the back of strengthening consumption and despite continued weakness in investment.
2019, November, 6, 13:05:002040: GLOBAL ENERGY DEMAND WILL UP BY 25%
Global demand for energy is forecast to increase from nearly 286 million barrels of oil equivalent a day (mboe/d) in 2018 to more than 357 mboe/d in 2040, with average growth of about 1% p.a. In this period, energy demand in non-OECD countries is expected to increase by almost 75 mboe/d, while demand in the OECD is estimated to drop by around 3 mboe/d.
2019, November, 6, 13:00:00OPEC'S SHARE WILL DOWN
OPEC’s production of crude oil and other liquids is expected to decline to 32.8 million barrels per day (bpd) by 2024,
2019, November, 5, 14:40:00GLOBAL CLEAN ENERGY DOWN
Current geopolitics, rife with politicization, trade wars and sanctions, will make sustainable energy goals "extremely difficult," said Eirik Waerness, Equinor's senior vice president and chief economist.
2019, November, 1, 14:10:00OIL PRICES 2019-20: $60-$58
Crude oil prices are projected to average US$60 per barrel in 2019 and weaken to US$58 per barrel in 2020
2019, November, 1, 13:50:00NORWAY'S FUND RETURNED $26 BLN
The Government Pension Fund Global returned 1.6 percent, or 236 billion kroner, in the third quarter of 2019.
2019, October, 30, 09:50:00U.S. GAS EXPORTS UP TWICE
From January through June of 2019, U.S. net natural gas exports averaged 4.1 billion cubic feet per day (Bcf/d), more than double the average net exports in 2018 (2.0 Bcf/d),
2019, October, 30, 09:40:00CLIMATE NEED NUCLEAR
Renewable energy must join forces with nuclear to secure a low-carbon future
2019, October, 28, 14:10:00OFFSHORE WIND WILL UP TO $1 TLN
Offshore wind power capacity is set to increase by at least 15-fold worldwide by 2040, becoming a $1 trillion business.
2019, October, 28, 14:00:00U.S. SHALE DOWN
Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.