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Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. The Americas are projected to account for 71% of global biofuels production. billion in 2011 to $185.3
World markets for petroleum and other liquid fuels have entered a period of dynamic change in both supply and demand, the EIA noted, leading to its reassessment of its outlook for long-term global liquid fuels markets in IEO2014. Rising world oilprices attract investment in areas previously considered uneconomic.
Oil remains the world’s leading fuel, but its 33.1% Global energy consumption grew by 2.5% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% globally, and 8.4% Source: BP.
Predicting and diagnosing the trajectory of oilprices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.
Pike forecasts that the global market for biofuels will increase from $82.7 between 2017 and 2021, as a combination of higher oilprices, emerging mandate. obligations, availability of new feedstocks, and the scaling up of advanced technologies. billion in 2011 to $185.3 billion by 2021. A more robust growth is expected.
The focus of the work was on alternative jet fuels that could be available commercially in the next decade using primarily North American resources. Production of commercial quantities of HRJ depends on the availability of appropriate feedstocks at competitive prices. From Hileman et al. Click to enlarge. million bpd.
IHS Markit now expects much as 17 MMb/d total liquids output (which includes nearly 14 MMb/d of crude oil production) to be cut or shut-in during the period between April and June 2020. The Great Shut-In, a rapid and brutal adjustment of globaloil supply to a lower level of demand is underway. But there is nowhere to hide.
Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. The world is nearing a paradigm shift in oil demand. Lindemer LLC.
However, the report advises, long-term solutions to global challenges remain scarce; as one example, the report sees global CO 2 emissions rising by 20% to 37.2 The shift in global energy demand to Asia gathers speed, but India and countries in Southeast Asia will take the lead in driving consumption higher. Gt by 2035.
In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., These include the dive in oilprices that began in mid-2014, as well as the phasing out of some local government purchase incentives. million in 2024.
America’s dependence on oil ties our national and economic security to a highly-unpredictable, cartel-influenced globaloil market. Diversifying the types of vehicles and fuels available to our drivers offers our city protection from often-volatile oilprices and better prepares us for the future.
In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% These include the availability of refueling infrastructure, tightening tailpipe emissions requirements, and total cost of ownership. million vehicles in 2015 to 3.9 million in 2025.
By 2030, annual PEV sales are estimated to be between 15% and 32% of the global light duty vehicle market, producing a global PEV population between 107 million and 190 million. These include vehicle availability, consumer awareness, charging infrastructure, and threats from competing alternative fuels or fuel efficiency solutions.
In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. The report was released on the opening day of KPMG’s global “Business Perspective on Sustainable Growth: Preparing for Rio+20” summit occurring this week in New York.
According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%.
IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.
In a new report, Navigant Research forecasts that total annual global light-duty start-stop vehicle (SSVs) sales will reach 59 million, accounting for 55% of all light duty vehicle sales. The other driver for SSV technology is consumer demand—present in Europe and some Asia Pacific countries for some time thanks to high fuel prices.
Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% Global primary energy demand rose by 2.3% This was slower than the 1.7%
A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower globaloilprices.
Considering today’s oilprices and the efforts being made by the IMO, for example with the coming International Energy Efficiency Certificate (IEE), we believe that this product really has come at exactly the right time. The smaller Opcon Powerbox WST is powered by surplus steam available on the vessel.
The oilprice shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.
Going from nearly 2 million barrels per day annual growth in 2018, an all-time global record, to essentially no growth by 2021 makes it pretty clear that this is a new era of moderation for shale producers. It all represents the strongest headwinds for shale producers since the oilprice collapse in 2015. —Raoul LeBlanc.
A flood of bearish news has pushed down oilprices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. However, the WTI/Brent spread has shrunk more dramatically since the collapse in oilprices.
Assumes there are only Internal Combustion Engines (ICEs) and Hybrid Electric Vehicles (HEVs) available, with no Plug-in Hybrid Electric Vehicles (PHEVs) or pure Electric Vehicles (EVs). The analysis is based on central forecasts of oilprice, electricity. However, as EV and PHEV prices gradually reach. Scenario 1.
The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. While there is still time to act, the window of opportunity is closing. —WEO 2011.
It’s a material that can drive new markets, so I believe those numbers highlighting global consumption would grow if new material became available. We want to make biochemicals from renewable materials partially as a hedge against rising crude oilprices and much more so because this approach moves us to a more sustainable future.
DNV GL has released a position paper on the future alternative fuel mix for global shipping. The global merchant fleet currently consumes around 330 million tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulfur content. Well-to-Propeller GHG emissions results for marine alternative fuels. Source: DNV GL.
That amounts to just 2 percent of available credit lines, much lower than the 15 percent reduction expected by analysts. Kicking the can means that production may not fall as fast as expected, which will mean oilprices may not begin to stage a rally as quickly as some had hoped. rig count has declined by more than half, U.S.
However, the new forecast represents a slowing of future oil sands production growth compared to the predictions of last year’s forecast. Some projects were delayed beyond the current forecast period as a result of individual company decisions related to cost competitiveness and capital availability. CAPP does not forecast oilprices.
Meanwhile, mainland China has already become the top global importer of LNG. —Michael Stoppard, chief strategist, global gas, IHS Markit. However, by August both Asian and European spot LNG prices climbed well above their oilprice equivalent and remained above it for the rest of the year. MMt set in 2014.
FedEx joins Southwest Airlines, which signed a purchase agreement with RedRock in November 2014 for about 3 million gallons per year, in purchasing Red Rock’s total planned available volume of jet fuel. Earlier post.). Red Rock’s first refinery, funded in part by a $70-million Title III DPA grant from the U.S.
This Australian research is an important part of Boeing’s global commitment to supporting research into sustainable aviation biofuels. Daniel Klein-Marcuschamer, first author and manager for techno-economic analysis at the Australian Institute for Bioengineering and Nanotechnology (AIBN). We’ve proven that aircraft can fly on biofuels.
One casualty of the oilprice downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oilprices, however, could kill off the megaproject.
Extracting oil by fracking could stabilize the oilprice over the next few years. Infrastructure is becoming a global hurdle. Only the availability of a comprehensive charging infrastructure that also features fast-charging options can address the issue in the interim. —Roland Berger Partner Thomas Schlick.
AECOM is a global provider of professional technical and management support services to a broad range of markets. The report, Economic Viability of Electric Vehicles , was originally published in September 2009, and has been made available online. Economic Viability of Electric Vehicles”.
Global Demand for Oil. World demand for oil would fall, leading to lower world oilprices. Outside commodity price experts have estimated that the price of oil would be almost 7% lower by 2030 than it would be without the EC policy package. This compares to estimated reserves of 4.3
Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oilprice downturn.
Pacala and Socolow proposed a way to stabilize climate using existing greenhouse gas (GHG) mitigation technologies, visualized as interchangeable, global-scale ‘wedges’ of equivalent emissions reductions. rather than relative prices of technology, energy, or carbon as. reduction in fuel costs even with electricity prices doubled.
China is the global leader in methanol use and has recently expanded its methanol production capacity. Following enactment of provisions of the Energy Policy Act of 2005 that were interpreted as reducing or eliminating legal defenses available to MTBE blenders, its use was soon phased out in the United States.
EU climate policy aims to limit the global mean temperature increase from anthropogenic climate change to below 2 °C. They estimated the number of new vehicles required and the adoption of new technologies and fuels based on their availability and cost effectiveness under projected scenario variables such as fuel price.
This plan is intended to drive demand and position the United States as a global leader in manufacturing and deploying next-generation vehicle technologies. Uncertainties about EVs—including their resale value, range and availability of convenient charging facilities— may impose sales barriers.
These five case studies represent just a fraction of the opportunity that we identified globally. Stagnant oilprices continue to limit large-scale investments in global exploration worldwide, including deepwater plays, and many onshore US projects are not yet cash-flow positive, so energy investors are demanding financial returns.
The paper is an examination of how various choices about the scale of the life cycle analysis applied to oil sands (i.e., system boundaries) determine the emissions estimates, the technologies available to reduce emissions, and perspectives and strategies of stakeholders.
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. by Viktor Katona for Oilprice.com. In 2016, only 3.7 million tons.
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