Tag: demand

Global solar photovoltaic installations to exceed 100 gigawatts in 2018

Global solar photovoltaic installations to exceed 100 gigawatts in 2018

Strong demand for solar power in China expected to push total installed capacity to 108 gigawatts Largely driven by an improvement in the outlook in China, global photovoltaic (PV) demand is forecast to reach 108 gigawatts (GW) in 2018, according to IHS Markit. Strong demand from the Chinese market is expected to continue on the […]

By December 15, 2017 0 Comments Read More →
India’s GST – A boon for oil markets?

India’s GST – A boon for oil markets?

Tax on pure electric vehicles reduced by around 9% under GST regime The introduction of India’s Goods and Services Tax (GST) has lifted oil demand in the country this year, according to Wood Mackenzie. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected […]

By November 19, 2017 0 Comments Read More →
Global energy system being transformed by renewables, electrification, says IEA annual report

Global energy system being transformed by renewables, electrification, says IEA annual report

U.S.projected to become world’s largest LNG exporter and net oil exporter by end of 2020’s The resurgence in oil and gas production from the United States, deep declines in the cost of renewables, and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to […]

By November 14, 2017 0 Comments Read More →
Canada’s energy use grows, but energy intensity declines – NEB

Canada’s energy use grows, but energy intensity declines – NEB

Total energy demand to decrease 2.7 per cent by 2040 The NEB’s most recent long-term outlook, Canada’s Energy Future 2017: Energy Supply and Demand Projections to 2040 (EF2017), projects total energy use, which includes fossil-fuels, renewables and nuclear, to increase slightly in the baseline Reference Case, according to a press release. Despite increasing energy demand, the energy […]

By November 12, 2017 0 Comments Read More →
Canada expects decline in fossil fuels consumption starting in 2020

Canada expects decline in fossil fuels consumption starting in 2020

By 2040 wind capacity is projected to double and solar capacity to triple The NEB projects that Canada will soon begin decreasing its use of fossil fuels. The NEB has been estimating energy supply and demand for 50 years, and the use of fossil fuels has always been expected to keep increasing. The NEB’s most-recent report, Canada’s […]

By November 2, 2017 0 Comments Read More →
When will the market face peak demand? Wood Mackenzie

When will the market face peak demand? Wood Mackenzie

Prospect of peak oil demand very real, industry needs to plan ahead The market is no stranger to peak oil. But industry focus is shifting from concerns about peak oil supply to a more concrete threat– peak demand. The Rise and Fall of Black Gold, released today by Wood Mackenzie, is a comprehensive, cross-commodity, cross-value chain […]

By October 19, 2017 0 Comments Read More →
US gasoline production running at near record levels

US gasoline production running at near record levels

 After record-setting year in 2016, motor gasoline demand remained relatively high in 2017 Gasoline production by US refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. US gasoline inventories also […]

By August 21, 2017 0 Comments Read More →
Coal falls as gas rises: World energy balances in 2016 – IEA

Coal falls as gas rises: World energy balances in 2016 – IEA

Oil remains most used fuel (mainly for transport), then coal (mainly for electricity) Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in World Energy Balances, the IEA’s comprehensive picture of energy statistics. These data are drawn from official national data submissions to […]

By August 11, 2017 0 Comments Read More →
Global gas demand rising to 2022 as US drives transformation – IEA

Global gas demand rising to 2022 as US drives transformation – IEA

Intense competition loosening pricing and contractual rigidities that characterize long-distance gas trade The global natural gas market is undergoing a major transformation driven by new supplies coming from the United States to meet growing demand in developing economies and industry surpasses the power sector as the largest source of gas demand growth, according to the […]

World wants more Canadian oil and natural gas – Ipsos survey

World wants more Canadian oil and natural gas – Ipsos survey

India and China forecast energy demand to increase by 49% and 46% respectively The world sees Canadian oil and natural gas as part of the energy future and a preferred source of energy imports, according to a new global research survey, 2017 Global Energy Pulse, the first-of-its-kind conducted by Ipsos on behalf of the Canadian Association […]