Post Tagged with: "consumption"

Source: Reuters

U.S. power use to drop near 4% in 2020 due to coronavirus – EIA

Reuters


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 …

Rocky road back to pre-COVID-19 demand levels for gasoline, diesel: executives

Rocky road back to pre-COVID-19 demand levels for gasoline, diesel: executives

Reuters


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 …

September 14, 2020 - 12:30 pm Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil producers will fight for market share as consumption growth slows: Kemp

Reuters


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 …

Africa’s Largest non-OPEC Producer is on a Roll

Africa’s Largest non-OPEC Producer is on a Roll

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’s Short-Lived Oil and Gas Boom

Iran’s Short-Lived Oil and Gas Boom

Iran’s energy sector will feel the repercussions of renewed sanctions

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.

Iran’s Short-Lived Oil and Gas Boom

Although …

IEA World Oil Demand (mb/d = Millions of Barrels per Day), Feb. 2018

World Hungers for Oil: IEA

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’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China on a tear to expand domestic gas output and diversify its natural gas imports

China’s quest for natural gas

“China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” …

What’s Next for the Economies of China and India?

What’s Next for the Economies of China and India?

Since 1990, China and India have accounted for 57% of the total increase in world energy consumption

Earlier this week the EIA put out data that revealed that the world’s developing countries used higher amounts of electricity than OECD countries. …

Oil Prices Jump Above $46 on Inventory Draw, EIA Revises Demand Up

Oil Prices Jump Above $46 on Inventory Draw, EIA Revises Demand Up

Crude oil inventories fell 3.4 MMBO during surprise week-over-week draw

Crude oil inventories fell today, giving markets a pleasant surprise, and sending WTI prices up above $46 per barrel.3 month chart wti

Economist expected a small build for the week ended May 6, …

Source: Gassco Karsto Pipes

Natural Gas Production and Consumption in May the Highest on Record – EIA

Both consumption and production of natural gas in the U.S. were the highest on record for the month of May in 2015

The Energy Information Administration (EIA) reported today that dry natural gas production was the highest ever recorded in …

July 31, 2015 - 6:59 pm Oil and Gas 360 Articles