Peak oil demand: just around the corner? October 2017 (Wood Mackenzie) The market used to worry about peak oil supply. Now the focus has shifted to peak oil demand as the industry witnesses a structural decline in demand from the developed...Show More Summary
Ever closer relations between Saudi Arabia and Russia, the world’s two largest oil exporters, look like a nightmare for China, the world’s largest oil importer. However, as the originator of demand in a world where peak oil consumption hovers on the horizon, it is Beijing that ultimately holds the whip hand. Show More Summary
We haven’t reached peak consumption, also known as peak demand. We are likely to reach it globally by 2050, but it’s unlikely to occur before 2030 at the very earliest. There are six major factors which make defining exactly when it will occur very difficult
Crude oil is being used for things other than fuels — useful, sometimes indispensable things. This is what the future holds for the industry.
Norway’s Energy Minister said the biggest problem for Europe’s largest oil and gas producer is satisfying near-term demand, which is growing too fast.
You may be surprised to learn that more EV sales do not directly equate to less oil usage in transportation.
Njord A platform at the Njord field in the Norwegian North Sea " data-medium-file="http://gcaptain.com/wp-content/uploads/2017/10/Photo_-Thomas-Sola-Statoil-Njord-A-1222420-300x225.jpg" data-large-file="http://gcaptain.com/wp-content/uploads/2017/10/Photo_-Thomas-Sola-Statoil-Njord-A-1222420-800x599.jpg"...Show More Summary
The adoption of electric vehicles could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10.
China's decision on whether and when to ban cars burning gasoline and diesel could alter our view of how far we are from a peak in global oil demand. Even though the likely date of such a peak is highly uncertain, the idea of an impending peak could significantly affect investments and other decisions. Show More Summary
Execs at a number of the world's top fossil fuel companies have in recent years made comments inferring that even after demand for oil and natural gas peaks, demand for petrochemical feedstocks for plastics, fertilizers, and other chemicals...Show More Summary
A decade ago the fear was Peak Oil supply. Now the energy giants fret Peak Demand. Smart companies will be ready for anything.
Bloomberg has an article on a recent report from Carbon Tracker claiming oil companies risk wasting $2.3 trillion of investments should demand peak in the next decade as the world works toward its goal of limiting global warming - Oil Majors Risk Wasting $2.3 Trillion If Peak Demand Looms. Show More Summary
ThinkProgress echoes an interview in the AFR, noting coal is no longer of interest to investors and the sun is setting on oil as well - ‘Coal is dead’ and oil faces ‘peak demand,’ says world’s largest investment group. “Coal is dead,” Jim Barry, the global head of BlackRock’s infrastructure investment group, explained in a recent interview. Show More Summary
‘Coal is dead’ and oil faces ‘peak demand,’ says world’s largest investment group | Joe Romm: The global head of BlackRock’s infrastructure investment group, Jim Barry, announces: Coal is dead. Trump can do or say whatever he wants,Show More Summary
PEAK OIL: Be warned: $25 oil is coming, and along with it, a new world order. “Oil demand will peak 2021-2020 and will go down 100 million barrels, to 70 million barrels within 10 years. And what that means, the new equilibrium price is going to be $25, and if you produce oil and you […]
SINGAPORE/KUALA LUMPUR (Reuters) - Demand for gasoline in Asia may peak much earlier than expected as millions of people in China and India buy electric vehicles over the next decade, threatening wrenching change for the oil industry, oil and auto company executives warned.
IT NEVER IS: We Will Hit Peak Oil By 2030 But It’s Not What You Think. In fact, they’re saying will hit “peak oil” by 2030, but it won’t be because our supply of oil won’t be increasing. It’s because they anticipate demand will plummet as electric cars become more and more enticing. Joel Couse, […]