Consumption


All posts for Consumption

EIA projects energy consumption in air transportation to increase through 2050

Despite oil and oil-equivalent production rising by 3% (driven by shale liquids production in the Permian), the fall was largely due to lower crude prices. BP's net profit fell 39.7% - beating expectations on lower upstream earnings and weaker oil prices. Quarterly profits were down by 15%, with ...

Hui Shan


Posted 1 month agoLink > ConsumptionDemandLiquid Fuels +2

EIA projects that natural gas consumption in Asia will continue to outpace supply

According to the U.S. Energy Information Administration's (EIA) latest International Energy Outlook 2019 (IEO2019) Reference case, future growth in natural gas consumption is concentrated in developing nations—those outside of the Organization for Economic Cooperation and Development (OECD)—especi ...

Hui Shan


Posted 1 month agoLink > ConsumptionDemandInternational +5

China adds incentives for domestic natural gas production as imports increase

Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane. In June 2019, the Chinese government introduced a subsidy program that established new incentive ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyConsumption +9

Global energy consumption driven by more electricity in residential, commercial buildings

In countries that are not part of the Organization for Economic Cooperation and Development (non-OECD countries), EIA projects that energy consumed in buildings will grow by more than 2% per year, or about five times the rate of OECD countries. As the quality of life in emerging economies improve ...

Hui Shan


Posted 1 month agoLink > residentialCommercialConsumption +6

EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

World industrial sector energy use increases by more than 30% between 2018 and 2050 as consumption of goods increases. This increase is largely driven by non-OECD countries, where transportation energy consumption increases nearly 80% between 2018 and 2050. Worldwide renewable energy consumption ...

Hui Shan


Posted 2 months agoLink > ConsumptionDemandIEO +2

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 2 months 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 4 months 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 4 months 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 4 months 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 5 months agoLink > ProductionsupplyConsumption +6

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 5 months agoLink > ConsumptionDemandCoal +4

Our Finite World: The World’s Fragile Economic Condition – Part 1

Posted on September 23, 2018 by Gail Tverberg Where is the world economy heading? In my opinion, a large portion of the story that we usually hear about how the world economy operates and the role energy plays is not really correct. In this post (to be continued in Part 2 in the ne ...

Gail Tverberg


Posted 1 year agoOpinion > Gail TverbergOur Finite WorldOil +3

How Energy Shortages Really Affect the Economy

Many people expect energy shortages to lead to high prices. This is based on their view of what “running out” of oil might do to the economy. In this post, I look at historical data surrounding inadequate energy supply. I also consider some of the physics associated with the situation. I see a str ...

Gail Tverberg


Posted 1 year agoOpinion > Our Finite WorldGail TverbergEnergy +6

Higher Economic Growth in Africa Could Lead to More Energy Use, Especially in Industry

Source: U.S. Energy Information Administration, International Energy Outlook 2018 Note: PPP is purchasing power parity. Africa, with its wealth of natural resources and fast-growing population, may have a significant impact on international energy markets over the next 25 years. The In ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Economic GrowthAfricaEnergy +3

Supplemental Energy Puts Humans In Charge

Energy is a subject that is greatly misunderstood. Its role in our lives is truly amazing. We humans are able to live and move because of the energy that we get from food. We count this energy in calories. Green plants are also energy dependent. In photosynthesis, plants use energy from the sun to ...

Gail Tverberg


Posted 1 year agoOpinion > EnergyGail TverbergOur Finite World +2