Even with the current drive toward more renewable energy sources, global carbon emissions are going to increase through 2050, unless there are significant changes in policy or technology between now and then.
That’s according to a new report…
(Bloomberg) –Some of the world’s biggest economies are seeing oil consumption turn the corner and even surpass pre-pandemic levels as falling Covid-19 infection rates drive a recovery in activity.
Oil demand in China, the world’s top energy consumer, …
U.S. power consumption will drop 3.9% this year as coronavirus lockdowns cause offices to close and factories to run at reduced capacity, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short Term Energy Outlook (STEO).
The …
SINGAPORE – Global gasoline and diesel demand is expected to return to pre-pandemic levels by the end of next year, although a resurgence in COVID-19 cases would keep consumption fluctuating, several senior industry executives said on Monday.
The path …
LONDON – Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.
Slower growth will intensify intra-company and …
Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent, according to the EIA’s newest report on Egypt. In recent years, the country has seen political instability accompanied by growing power …
Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment.
Although …
The International Energy Agency (IEA) released a new Oil Market Report (OMR) today.
In its OMR, the IEA said countries across the globe have been steadily consuming more and more oil over the past few years.
The IEA said that …
“China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” …
Earlier this week the EIA put out data that revealed that the world’s developing countries used higher amounts of electricity than OECD countries. …
Crude oil inventories fell today, giving markets a pleasant surprise, and sending WTI prices up above $46 per barrel.
Economist expected a small build for the week ended May 6, …
The Energy Information Administration (EIA) reported today that dry natural gas production was the highest ever recorded in …
