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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

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IHS Markit says outlook for crude oil prices strengthens through 2021

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Emerging from the worst of the COVID-19 outbreak, oil markets are now at a delicate pivot point as they transition to phase II of the IHS Markit Three Phases of Oil Markets Recovery. Meanwhile, the global demand recovery is showing clear signs of plateauing and Chinese crude buying has begun to soften.

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. The DB auto team counts at least 130 models in the global pipeline for 2012.

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

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Meanwhile, mainland China has already become the top global importer of LNG. —Michael Stoppard, chief strategist, global gas, IHS Markit. Among buyers, mainland China was by far the largest specified end-market, with Chinese buyers signing around 25 MMtpa of firm long-term deals. MMt set in 2014.

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PBL analysis finds that resources are not depleted, but expensive; badly functioning markets and wrong policies

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Global Resource Scarcities and Policies in the European Union and the Netherlands”, examines scarcity using a framework comprising three dimensions: physical, economic and political. It finds that for most resources, global stocks will be sufficient to meet increasing demand over the coming decades. Click to enlarge.

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Saudis Expand Price War Downstream

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The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world.