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The Wuhan Coronavirus Outbreak And Its Implications To Oil Demand

As the extent of pandemic became apparent, Wuhan was placed on virtual lockdown on 23 January; several other cities in Hubei – totalling almost 60 million people – followed suit. In China, the SARS effects on oil demand was broadly localised to one quarter – Q2 – and then also localised to one pr ...

Hui Shan


Posted 9 months agoLink > WuhanCoronavirusSars +1

Your Weekly Update: 27 - 31 January 2020

Slow growth in U.S. energy consumption, as a result of continued increases in energy efficiency, and technologically enabled growth in domestic oil and natural gas production lead the United States to remain a net energy exporter through 2050. The AEO2020 Reference case projects domestic energy d ...

Hui Shan


Posted 9 months agoLink > Oiloil and gas newsOil and Gas Industry +7

The US-China Trade Deal – What’s In It For The Energy Industry

For energy, China has agreed to increase its buying of US energy products – including crude oil, LNG, refined products and coal – by US$18.5 billion in 2020 and US$33.9 billion in 2021, relative to the 2017 levels. Across 2018 and 2019, exports of both oil and gas fell – and in the case of 2019, ...

Hui Shan


Posted 9 months agoLink

The Shale Showdown in 2020 – What’s Happening?

Slow growth in U.S. energy consumption, as a result of continued increases in energy efficiency, and technologically enabled growth in domestic oil and natural gas production lead the United States to remain a net energy exporter through 2050. The AEO2020 Reference case projects domestic energy d ...

Hui Shan


Posted 9 months agoLink > ShalePermianUSA +3

EIA’s Annual Energy Outlook 2020 projects consumption growing more slowly than production

For energy, China has agreed to increase its buying of US energy products – including crude oil, LNG, refined products and coal – by US$18.5 billion in 2020 and US$33.9 billion in 2021, relative to the 2017 levels. Across 2018 and 2019, exports of both oil and gas fell – and in the case of 2019, ...

Hui Shan


Posted 9 months agoLink

U.S. crude oil production efficiency continues year-over-year improvements

For energy, China has agreed to increase its buying of US energy products – including crude oil, LNG, refined products and coal – by US$18.5 billion in 2020 and US$33.9 billion in 2021, relative to the 2017 levels. Across 2018 and 2019, exports of both oil and gas fell – and in the case of 2019, ...

Hui Shan


Posted 9 months agoLink

EIA expects U.S. net natural gas exports to almost double by 2021

EIA's U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in 2020 and $62/b in 2021. Because EIA forecasts WTI prices will decline during the firs ...

Hui Shan


Posted 9 months agoLink

EIA forecasts U.S. crude oil production growth to slow in 2021

EIA's U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in 2020 and $62/b in 2021. Because EIA forecasts WTI prices will decline during the firs ...

Hui Shan


Posted 10 months agoLink > Crude oilOilpetroleum +3

EIA projects less than a quarter of the world’s electricity generated from coal by 2050

According to the U.S. Energy Information Administration's (EIA) International Energy Outlook 2019 (IEO2019), global electric power generation from renewable sources will increase more than 20% throughout the projection period (2018–2050), providing almost half of the world's electricity generation ...

Hui Shan


Posted 10 months agoLink

EIA expects U.S. energy-related CO2 emissions to decrease annually through 2021

However, EIA expects a 1.7% decline in natural gas-related CO2 in 2021 because of warmer winter weather and less demand for natural gas for heating. EIA expects coal-related CO2 will decline by 10.8% in 2020 after declining by 12.7% in 2019 because of low natural gas prices. EIA estimates that c ...

Hui Shan


Posted 10 months agoLink

Your Weekly Update: 13 - 17 January 2020

In the U.S. Energy Information Administration's (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 (Figure 1). EIA forecasts an average global stock build of 520,000 b/d in the first half of t ...

Hui Shan


Posted 10 months agoLink

EIA forecasts slower growth in natural gas-fired generation while renewable energy rises

In the U.S. Energy Information Administration's (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 (Figure 1). EIA forecasts an average global stock build of 520,000 b/d in the first half of t ...

Hui Shan


Posted 10 months agoLink

The Supporting Cast: How to Make a Horizontal Pump + Ancillary Equipment = A Pumping System

Foundation design and piping support are also part of thepump system. A properfoundation for a HOSS unit consists of thick concrete and rebar, it's not complex and not amajor cost in the total system design, but does ensure pump longevity. It'sdifficult to diagnose or control a pump system if th ...

Jonny Sleiman


Posted 10 months agoLink > Centrifugal PumpHorizontalVariable Speed Drive +2

EIA forecasts that crude oil prices will fall during the first half of 2020, then increase through 2021

Options for the oil and gas sectorTo play its part in mitigating climate change to the degree required, the oil and gas sector must reduce its emissions by at least 3.4 gigatons of carbon-dioxide equivalent (GtCO2e) a year by 2050, compared with “business as usual” (currently planned policies or t ...

Hui Shan


Posted 10 months agoLink

EIA expects lower natural gas prices in 2020 as production outpaces demand

Options for the oil and gas sectorTo play its part in mitigating climate change to the degree required, the oil and gas sector must reduce its emissions by at least 3.4 gigatons of carbon-dioxide equivalent (GtCO2e) a year by 2050, compared with “business as usual” (currently planned policies or t ...

Hui Shan


Posted 10 months agoLink
Last fetch 11/24/2020 4:25:20 AM