Demand


All posts for Demand

The nonmetallic minerals industry is one of the world’s top energy users

In the industrial sector, the nonmetallic minerals industry is one of the largest energy users, accounting for 10% of global industrial sector energy use. The energy intensity of the nonmetallic minerals industry—energy consumed per unit of gross output—is higher than many other industries. By c ...

Hui Shan


Posted 4 days agoLink > DemandConsumptionIndustrial

This Week in Petroleum: EIA forecasts moderate inventory builds in 2020 and lowers crude oil price forecast

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 1 month agoLink > ConsumptionDemandprices +5

TODAY IN ENERGY: In the United States, most petroleum is consumed in transportation

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 1 month agoLink > transportationConsumptionDemand +3

TODAY IN ENERGY: U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia

A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe. Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the ...

Hui Shan


Posted 1 month agoLink > pricesConsumptionDemand +9

TODAY IN ENERGY: In 2018, 90% of the natural gas used in the United States was produced domestically

EIA's U.S. natural gas flow diagram helps to visualize the elements of U.S. natural gas supply (production, imports, and withdrawals from storage) and disposition (consumption, exports, and additions to storage). U.S. natural gas production and consumption have both generally increased since the ...

Hui Shan


Posted 2 months agoLink > ProductionsupplyConsumption +6

North American gas outlook to 2030

Debottlenecking and capacity additions that are currently or soon to be in progress will lead Appalachia to take a much larger role in supply, though associated gas from the Permian Basin will remain a substantial—and low-cost—supply source for much of the US Gulf Coast. However, ongoing associat ...

Hui Shan


Posted 2 months agoLink > Demandsupplygas price +8

Petroleum, natural gas, and coal continue to dominate U.S. energy consumption

Fossil fuels—petroleum, natural gas, and coal—have accounted for at least 80% of energy consumption in the United States for well over a century. Despite the increase, the fossil fuel share of total U.S. energy consumption in 2018 increased only slightly from 2017 and was the second-lowest share ...

Hui Shan


Posted 2 months agoLink > ConsumptionDemandCoal +4

See Hurricane Florence Update - Threat to East Coast Supply, But Demand Hit Too - Issued Sept. 11, 2018 - S&P Global Platts Analytics

S&P Global Platts Analytics Oil Spotlight Hurricane Florence update: threat to East Coast supply, but demand hit too Hurricane Florence is on track to make landfall Friday morning, near Wilmington (NC) as potentially a category 4 storm. The storm could have significant implications on oil mar ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsUnited StatesEast Coast +5

The Race to the World’s Largest Crude Producer

  According to the US Energy Department, US crude production hit 11 million barrels per day in early July. This was always seen as an inevitability, but the speed at which the mark has been achieved has been astonishing. It was only eight months ago in November 2017 that the US production reache ...

Easwaran Kanason


Posted 1 year agoOpinion > Crude Oil PriceDemandsupply +5

Coal Plant Retirements and High Summer Electricity Demand Lower Texas Reserve Margin

Source: U.S. Energy Information Administration, based on Electric Reliability Council of Texas (ERCOT) The Electric Reliability Council of Texas (ERCOT) , grid operator for most of the state of Texas, estimates a reserve margin of 11% for this summer—lower than previous years and ERCOT's 13.7 ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSEIA +6

Counting Down to Vienna

  Almost everyone seems to agree that US$80/b – at least in this current environment – is not conducive for the oil business. While oil producing countries are reaping benefits right now, they are also worried that prices sustaining at this level will cause demand destruction in key markets like ...

Easwaran Kanason


Posted 1 year agoOpinion > oil priceViennaDemand +7

Libyan Oil Output Drops in May Amid Persistent Outages

Oil and gas infrastructure remains affected by repeated outages The Elephant Oil field remains shut down, while high temperatures forced the Libyan state firm AGOCO company to lower output from main fields in the Sirte Basin.   The lower production is in-line with a d ...

Kayrros


Posted 1 year agoPress > LibyaOilOil and Gas +17

The State of the Industry: Q1 2018

  The first quarter of 2018 has proven to be a continuation of an upswing that settled in over 2017, at least according to the financial results of the supermajors. Aggressive cost-cutting from the past paired with a consistent rise in crude prices over the first quarter has contributed to reven ...

Easwaran Kanason


Posted 1 year agoOpinion > Nrgedge articleOil and Gasoil industry +8

Natural Gas Expected to Remain Most-Consumed Fuel in the U.S. Industrial Sector

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 Reference case EIA expects a 40% increase in natural gas consumed in the U.S. industrial sector, from 9.8 quadrillion British thermal units (Btu) in 2017 to 13.7 quadrillion Btu in 2050, according to the Annual En ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSEIA +4

Shell Sees Potential LNG Supply Shortage as Global Demand Surges

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell's annual LNG Outlook. Such strong growth in demand is consistent with Shell's first LNG Outlook, publ ...

OilVoice Press - OilVoice


Posted 1 year agoPress > ShellLNGsupply +3