Link

EIA expects energy-related carbon dioxide emissions to fall 11% this year


  • EIA assumes OPEC members will mostly adhere to announced cuts during the first two months of the agreement (May and June) and that production compliance will relax later in the forecast period as stated production cuts are reduced and global oil demand begins growing.
  • From that point, EIA expects a gradual increase in OPEC crude oil production through the remainder of the forecast, and EIA expects production to rise to an average of 28.5 million b/d during the second half of 2021.
  • EIA expects the steepest declines in U.S. crude oil production will be in the second quarter of 2020; during those three months, EIA forecasts monthly declines to average 0.5 million b/d.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit original link

https://nrgedge.net/article/1589530845-eia-expects...

STEOshort term energy outlookCarbon DioxideCO2EIA

More items from huishan


Financial Review: 2019

A perfect storm of events – the Covid-19 lockdowns, the resulting effect on demand, an ongoing oil supply glut, a worrying shortage of storage space and (crucially) the expiry of the NYMEX WTI benchmark contract for May, resulted in US crude oil prices falling as low as -US$37/b. This was seen as ...

Hui Shan


Posted 5 days agoLink > Financemarketsfinancial review +5

From Certain Doom To Cautious Optimism

A perfect storm of events – the Covid-19 lockdowns, the resulting effect on demand, an ongoing oil supply glut, a worrying shortage of storage space and (crucially) the expiry of the NYMEX WTI benchmark contract for May, resulted in US crude oil prices falling as low as -US$37/b. This was seen as ...

Hui Shan


Posted 5 days agoLink > WTIWest Texas IntermediateBrent +8

EIA expects record liquid fuels inventory builds in early 2020, followed by draws

In the same year, the US leapfrogged Malaysia as the third largest LNG exporter in the world, and by 2025, its LNG production capacity could reach almost 15 bcf/d – eclipsing both Qatar and Australia. With its recent moves to tap into the vast natural gas resources in its offshore North Field and ...

Hui Shan


Posted 11 days agoLink > ProductionsupplyConsumption +8

Large battery systems are often paired with renewable energy power plants

In the same year, the US leapfrogged Malaysia as the third largest LNG exporter in the world, and by 2025, its LNG production capacity could reach almost 15 bcf/d – eclipsing both Qatar and Australia. With its recent moves to tap into the vast natural gas resources in its offshore North Field and ...

Hui Shan


Posted 12 days agoLink > generationElectricityStorage +3

The State Of The Industry: Q1 2020 Financials

As the Covid-19 slowly but surely eases, the oil and gas industry has released its financial results for Q1 2020. As it were, the Q1 2020 financial results from the five oil supermajors paint a mixed picture. Reducing dividends were a common denominator across the board in the industry, with Nor ...

Hui Shan


Posted 13 days agoLink > ExxonMobilShellBP +6
All posts from huishan