Tag: market
Canadian oil producers scramble as pipelines, railroads hit capacity
Canadian oil producers struggle to get crude to market Canadian oil producers are in a bind as they scramble to get their crude to market. Pipelines and rail lines are almost at full capacity while prices have been driven to four-year lows. Companies are now concerned that they will have to sell their oil at […]
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 […]
Growth in plug-in electric vehicles depends on future market conditions
Different levels of projected plug-in electric vehicle penetration have noticeable effects on worldwide liquids fuel consumption Cumulative sales of plug-in electric vehicles, including battery electric vehicles and plug-in hybrid electric vehicles, reached 1.2 million worldwide in 2015, according to the U.S. Energy Information Administration. Still, plug-in electric vehicles account for less than 1 per cent […]
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 […]
Global LNG market balancing dynamics in 2017 – McKinsey
LNG market in 2017 is clearing thanks to higher demand By Nafie Bakkali, McKinsey In the upcoming years, the growth in LNG supply already under construction is forecast to create a long market. Unlike oil and refined products, LNG storage is not economical because of the boil-off of the gas. Thus, the market must balance […]
Energy’s share of Canadian exports growing again – NEB
Oil export volumes continued to increase despite lower oil prices Over the last 30 years, the total value of Canadian exports has increased seven-fold, from $95 billion in the first quarter of 1987 to $664 billion in the first quarter of 2017, according to a National Energy Board press release. During this time period, the value of energy exports […]
Lower OPEC compliance rates are muddying global oil rebalance – IEA
Global oil demand growing faster than expected, latest IEA estimate for 2017 raised to 1.5 million b/d The re-balancing of the oil market desired by the leading producers has been a stubborn process and it takes time for the numbers to confirm what many observers instinctively feel has already happened, according to the International Energy […]
Global gas and LNG market tightening after 2022, new LNG investment needed – IEA
Gas and LNG demand driven by growth in the East In the latest update of IEA’s outlook, they dive deep into the discontinuities that could swing the gas markets one way or another, according to the International Energy Agency. In China, the extent to which government targets on gas consumption are met could mean a […]
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, […]
Commentary: Looking for balance in the oil market
By Kristine Petrosyan, Oil Market Analyst, International Energy Agency There is more than one way to look at oil-market balances. The IEA uses a straightforward approach: supply minus demand, which we report in the monthly Oil Market Report as “Total stock changes and Miscellaneous.” Part of the calculation can be easily explained by changes in OECD stocks, […]