Demand


All posts for Demand

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 15 hours agoLink > residentialCommercialConsumption +6

ESAI Energy Details the Growing LNG Surplus

Expert Analysis on Growing LNG Market BOSTON, MA, October 16, 2019 – ESAI Energy, an industry-leading energy market research and forecasting firm, examines the impact of an impending global LNG surplus for its clients, complementing the firm's offerings in crude oil, natural gas, refining, pe ...

Jake Wright


Posted 6 days agoPress > LNGLiquified Natural GasLiquefied Natural Gas +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 27 days 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 1 month 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 2 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 2 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 2 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 3 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 3 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 3 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