Tag: IHS Markit

Autonomous vehicle sales forecast to surpass 33 million annually in 2040 -IHS Markit

Autonomous vehicle sales forecast to surpass 33 million annually in 2040 -IHS Markit

U.S. market will see first autonomous vehicle sales in world More than 33 million autonomous vehicles will be sold globally in 2040, a substantial increase from the 51,000 units forecast for the first year of significant volume in 2021, according to the latest autonomous vehicle sales forecast from IHS Markit. The rapid convergence of autonomous driving and mobility […]

By January 3, 2018 0 Comments Read More →
Global vehicle sales drop in coming years, oil demand rises: IHS Markit

Global vehicle sales drop in coming years, oil demand rises: IHS Markit

Oil demand for non-transportation uses expected to rise A study by IHS Markit released on Tuesday says even though global vehicle sales are forecast to decline over the next twenty years, oil demand will rise to 115 million barrels per day (b/d) by 2040. IHS Markit says vehicle demand worldwide will decline as consumers use […]

By November 14, 2017 0 Comments Read More →
Aging US wind driving surge in operating and maintenance spending – IHS Markit

Aging US wind driving surge in operating and maintenance spending – IHS Markit

First 10 years of wind turbine’s operations, costs average between $42,000 and $48,000 per MW The North American wind energy market is aging—the majority of installed wind-turbine equipment averages more than five years in age, and operations and maintenance (O&M) expenses cost the industry $3 billion to $4 billion annually, according to a study by IHS […]

By November 6, 2017 0 Comments Read More →
US natural gas production falls again in April – IHS Markit

US natural gas production falls again in April – IHS Markit

US monthly natural gas production declines second straight month, down 3% year-over-year Lower-48 US natural gas production averaged just 70.2 billion cubic feet per day (Bcf/d) during April 2017—the lowest level in two months—but higher than production levels at the start of the year, according to analysis from IHS Markit. Texas, which in the past […]

Global auto sales set to reach 93.5 million in 2017, but market risk is greater than ever

Global auto sales set to reach 93.5 million in 2017, but market risk is greater than ever

Middle East region forecast to stabilize, supported by oil prices and the end of Iranian sanctions Total 2017 global light vehicle sales will reach 93.5 million units, a growth rate of 1.5 per cent over 2016, according to the most recent forecast from IHS Markit. However, industry risk in mature markets is at the highest […]

By February 22, 2017 0 Comments Read More →
Annual US natural gas production declines first time in 11 Years – IHS Markit

Annual US natural gas production declines first time in 11 Years – IHS Markit

2016 natural gas production ends with first annual decline since start of the shale revolution The 2016 annual gas production average for the US lower-48 states fell for the first time in 11 years—since the shale revolution began—according to analysis from IHS Markit. IHS Markit said US natural gas production averaged 72.1 billion cubic feet […]

By January 6, 2017 0 Comments Read More →
Global transportation demand will drive long-term Alberta oil sands growth

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 […]

By December 26, 2016 0 Comments Read More →
Delaware Basin: Where the strong survive – IHS Markit

Delaware Basin: Where the strong survive – IHS Markit

Analysis says dominant players in Delaware Basin delivering remarkable profitability at current prices HOUSTON – A handful of dominant oil and gas companies operating in established sub-plays in the Delaware Basin are delivering remarkable profitability at current prices thanks, in part, to their early entry and their extensive technical knowledge of the local geology, according to […]

By October 5, 2016 0 Comments Read More →
Alpine High discovery driving interest, but in underperforming area – IHS Markit

Alpine High discovery driving interest, but in underperforming area – IHS Markit

IHS analysis indicates asset has solid potential, but repeatability unknown HOUSTON  – Apache Corporation’s recent announcement that it had made a significant new oil and gas discovery in the southern portion of the Delaware Basin in west Texas has strengthened industry interest in the emerging sub-play, but previous well results from other operators in the […]

By September 27, 2016 0 Comments Read More →
Norway leading global electric vehicle market – IHS Markit

Norway leading global electric vehicle market – IHS Markit

Increased production of electric vehicles across the manufacturing base required to make them more affordable for consumers SOUTHFIELD, Mich. – Norway continues to lead the global market for electric vehicles, according to the most recent plug-in electric vehicle (PEV) index from IHS Automotive, part of IHS Markit. Plug-in electric vehicles are defined as either a […]

By September 19, 2016 0 Comments Read More →