OPEC Prepares For Peak Oil Demand In Late-2030s
OPEC . The annual release of the bloc’s World Oil Outlook points out that if just a quarter of the world’s cars run fully on batteries, demand would plateau at Continue Reading
Shell Gears Up For Peak Gasoline
Since the oil price plummet it 2014, Shell has transitioned its business model over to refining oil, offering other refined oil products, and producing petrochemicals. The oil giant will produce Continue Reading
‘End of oil’ narratives are misleading — global oil demand will remain at 90 million bpd till at least 2040
Contrary to armchair calculus, more electric vehicle (EV) sales do not equate to the world using less oil anytime soon. This is the fourth and final in a series of Continue Reading
The Era Of Oil And Gas Is Nearing Its End
The history of crude oil and natural gas is a history of technological innovation. Until recently the innovation supported crude oil and natural gas. Now, it challenges it, causing structural Continue Reading
Aramco CEO Warns Of Imminent Oil Supply Crunch
As much as US$1 trillion of investments has either been deferred or canceled with the lower-for-longer oil prices, and this underinvestment will impact the future of energy, Amin Nasser, the Continue Reading
Norway Unfazed By Peak Oil Concerns
When crude oil demand will peak is anyone’s guess. Forecasts vary widely. Wood Mackenzie says that peak demand is “very real,” and sees a decline of 4 million bpd between Continue Reading
Big Oil To Bet On Petrochemicals As Demand Peak Looms
Remember that “This Ain’t Your Daddy’s Oil” commercial that blew up on Twitter at this year’s Super Bowl? It was about crude oil being used for things other than fuels—useful, Continue Reading
Oil demand likely to peak by 2030
As electric vehicles are to increase their popularity, particularly beyond 2025, the world petrol demand is to peak within 13 years, says a report by UK-based analysis firm Wood Mackenzie. Continue Reading
Why 2017 will go down as the beginning of the end of the internal combustion engine
General Motors outlined an all-electric path to zero emissions with at least 20 new all-electric vehicles by 2023. Electric vehicles no longer seem like a futuristic fever dream, but they Continue Reading
Oil: We still need (plenty) more supply
Analysts at HSBC suggest that despite a likely peak in LDV demand in 2025-30, the peak in total oil demand still looks much further off and they see a looming Continue Reading