Tag: demand
Natural gas plays an important role in Alberta’s oil sands – NEB
Disruptions to oil sands operations can strongly impact natural gas prices Alberta’s oil sands operations currently account for more than 25 per cent of Canadian natural gas demand, according to the National Energy Board. From 2005 to 2016, natural gas purchased by oil sands projects more than tripled, from 0.73 billion cubic feet per day (Bcf/d) to nearly […]
Can electric vehicles put the brakes on oil demand by 2035?
Electric vehicle sales have shown to be highly dependent on subsidies Wood Mackenzie’s latest instalment of global trends to 2035 series forecasts the threat to oil demand from electric vehicles. Bottom line: Transport is set to continue as a key driver of energy demand. The growing markets of China, India and the Middle East will put […]
US gasoline demand poised to decline by over 1.7 million b/d by 2030
If Midwest must push into the Gulf Coast to clear gasoline surplus, Midwest gasoline pricing could be severely depressed Following strong demand growth in 2015 and 2016, US gasoline demand surpassed its 2007 peak to reach 9.4 million b/d—nearly half of the country’s total refined product demand, according to Wood Mackenzie. However, gasoline demand may be […]
Midwest, Rocky Mountain regions’ transportation fuels production meeting more of demand
Demand includes in-region consumption, movements of fuels to other regions of US, and exports to global market Changes in North American energy markets over the past decade have strengthened the supply of transportation fuels, including motor gasoline, distillates, and jet fuel, in the Midwest and Rocky Mountain regions, according to a new study commissioned by […]
Oil demand to 2018: Where could we be wrong?
Oil demand has been surprisingly strong over the last two years in India Global oil demand is in for a year of strong growth but given the delicate rebalancing in the oil market, even small changes to a forecast could have major implications for price, according to Wood Mackenzie. Wood Mackenzie highlight the factors that could have […]
Gasoline demand may peak in 2021 as engine efficiency increases
Gasoline demand hit by hybrid, EVs, tighter fuel standards Peak gasoline demand in the United States is expected to hit in 2018 as engines become more efficient and hybrid and electric vehicles become more popular, according to a Wood Mackenzie analyst. Demand for gasoline in the United States, which accounts for a tenth of global […]
US natural gas market tightens despite exceptionally mild winter: Kemp
Increasing underlying demand for gas from power producers should support prices at relatively firm level By John Kemp LONDON (Reuters) – Warm weather has masked how much the underlying supply and demand picture for US natural gas has tightened this winter thanks to lower production and strong exports. The winter heating season of 2016/17 has […]
US diesel demand poised for boost from freight recovery: Kemp
Federal Reserve appears poised to embark on first tightening of monetary policy since 2004-2006 By John Kemp LONDON (Reuters) – Freight movements across the United States are showing signs of sustained growth, which should help push domestic diesel consumption higher this year. Freight was hit hard in 2015/16 by the switch from coal to gas-fired […]
EIA: Short-term global oil demand outlook depends upon economic activity
Gross domestic product (GDP) an important driver of oil consumption Oil plays a crucial role in the global economy—from the production of goods to the transportation of people and freight, according to the US Energy Information Administration. For this reason, economic activity and oil consumption tend to move together, particularly in developing economies. This relationship […]
Global transportation demand will drive long-term Alberta oil sands growth
World needs to find, replace 45 million bpd of crude oil by 2040 The prospect for dramatic changes in transportation has led to increased uncertainty about future oil demand. But the gradual pace of global vehicle fleet turnover and the need for significant upstream investment to maintain existing oil production volumes over the longer term […]
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