Demand


All posts for Demand

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 month 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 2 months 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 3 months 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 4 months 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 4 months 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 5 months 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 7 months 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 7 months agoPress > ShellLNGsupply +3

Electric Vehicles: S&P Global Ratings Highlights the Potential Oil Market Ramifications

Over the next decade, we see downside to oil demand as a limited risk because each 1 million EVs (roughly equal to 2017 EV sales) only replace about 20,000 barrels/d and oil demand growth should continue on the back of growth from commercial transport and chemicals, with demand growth over the ...

OilVoice Press - OilVoice


Posted 8 months agoOpinion > S&P Global PlattsOil MarketElectric Vehicles +1

Robust Energy Production Growth Coupled with Relatively Flat U.S. Demand Support Net Energy Exports in EIA's AEO2018

The U.S. Energy Information Administration (EIA) released today its Annual Energy Outlook 2018 (AEO2018), which includes its Reference case and a number of sensitivity cases. The AEO2018 Reference case shows continued development of the U.S. shale and tight oil and gas resources paired with mod ...

OilVoice Press - OilVoice


Posted 8 months agoOpinion > EIAEnergy Information Administration EIAUnited States +6

Stars Align for NGL-Fed Petchems

Naphtha and LPG pricing is starting to resemble the market investors in NGL-fed olefins capacity were counting on. According to ESAI Energy's newly published Global NGL Outlook , an outlook on global NGL markets in 2018, conditions are emerging for global demand for ethane, propane and butane to in ...

OilVoice Press - OilVoice


Posted 8 months agoPress > NGLNaptha-FedESAI Energy +1

Cold Weather, Higher Exports Result in Record Natural Gas Demand

Source: U.S. Energy Information Administration, based on PointLogic Estimated U.S. natural gas demand on January 1, 2018 reached 150.7 billion cubic feet, surpassing the previous single-day record set in 2014, according to estimates from PointLogic. Much colder-than-normal temperatures across ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > USUnited StatesEIA +3

The 2018 NrgEdge Oil & Gas Industry Outlook

Part 1 Two things are certain in 2018 in the oil markets. In June, OPEC will convene in Vienna where it will announce that the global oil markets are almost in balance, outlining an exit strategy where the 14 country block and the Russia-led NOPEC block will eliminate strict targets but agree to ...

Easwaran Kanason


Posted 9 months agoOpinion > oil priceDemandsupply +5

Renewables Momentum Continues to Drive Subsea Cable Demand Growth

Westwood forecast global subsea cable demand will grow at a 6.4% CAGR, with a total of 25,338 km expected to be installed over the forecast period – an overall growth driven by a surge in offshore wind construction . Asia Pacific and Europe will account for 77% of forecast installations, with thes ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > SubseacableDemand +3

McKinsey Energy Insights Expects Delay in Full Oil Price Recovery Until Late 2020

McKinsey Energy Insights (MEI) , the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released its latest Global Oil Supply and Demand Outlook , in which the company projects that global oil prices will remain in the USD50/bbl-U ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > MEIoil pricesupply +4