Tag: future
The future of the land rig – Westwood Global
Rig and crew services remain highly-significant part of supply chain By Steve Robertson, Head of Research, Global Oilfield Services, Westwood Global Energy Group Land rigs – a fragmented, undisciplined, commoditised market? Why would rig contractors and E&P companies buy land rigs when oil prices are at recent historic lows, E&P firms are reigning-in Capex and there […]
Future of renewable energy is a radical global disruption – Wood Mackenzie
With current trends, Wood Mackenzie expects EVs accounting 21% of global car stock by 2035 The oil market downturn and the tone set by the Paris Agreement have already shifted the focus away from fossil fuels, but how quickly could we see the tides change and decisively tip the scales to renewables? Together with GTM Research, […]
American oil in the global economy: markets, policy, and politics
US has 50% of global refining capacity and produces 56% of global oil products By Sarah Ladislaw, Adam Sieminski, Frank Verrastro, Andrew Stanley The rapid rise in unconventional oil output in the early part of this decade returned the United States to a prominent position as a major oil supplier. Over the course of the past […]
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 […]
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