oil demand – Thinking Port

The US Energy Information Administration Acknowledges Electric Vehicles Are Eating Into Chinese Oil Demand

November 24, 2024 admin China, china ev sales, clean transport, electric cars, Electric vehicles, ev sales, Fossil Fuels, hybrid electric cars, market research, Oil, oil consumption, oil demand, peak oil, phev, research

Credit to Author: Zachary Shahan| Date: Fri, 22 Nov 2024 04:50:53 +0000

Yesterday, the same day that Juan Diego Celemín Mojica discussed at length for CleanTechnica the matter of global peak oil demand and how the International Energy Agency and OPEC+ are noticing versus ignoring EV sales growth in China and declining oil demand, the US Energy Information Administration put out an … [continued]

The post The US Energy Information Administration Acknowledges Electric Vehicles Are Eating Into Chinese Oil Demand appeared first on CleanTechnica.

CleanTech Energy News Science

Peak Oil Demand, EVs, & The Future Of Oil: A Cleantech Perspective

November 22, 2024 admin clean transport, cleantechnica, cleantechnica exclusive, cleantechnica reports, Electric vehicles, Fossil Fuels, Oil, oil consumption, oil demand, opec

Credit to Author: Juan Diego Celemín Mojica| Date: Wed, 20 Nov 2024 18:34:41 +0000

The good news: oil demand is cooling. The bad news: it’s not yet done growing. One can’t really claim oil demand is “falling” (yet), but growth has slowed down to its lowest level in over a decade, with 2024 being a pivotal year. Let’s look at the realities of oil … [continued]

The post Peak Oil Demand, EVs, & The Future Of Oil: A Cleantech Perspective appeared first on CleanTechnica.

CleanTech Energy News Science

Aramco CEO Blasts Energy Transition “Fantasy” At CERAWeek 2024

March 22, 2024 admin amin nasser, aramco, cebaweek 2024, clean power, Fossil Fuels, iea, international energy agency (iea), jennifer granholm, methane gas, natural gas, Oil, oil demand, oil production, opec, policy & politics, saudi aramco

Credit to Author: Steve Hanley| Date: Wed, 20 Mar 2024 06:24:15 +0000

CERAWeek 2024 featured an address by Aramco CEO Amin Nasser in which he called a transition away from fossil fuels “a fantasy.”:

The post Aramco CEO Blasts Energy Transition “Fantasy” At CERAWeek 2024 appeared first on CleanTechnica.

CleanTech Energy News Science

WEF Sees Huge Drop In Oil Demand As Electric Vehicle Sales Rise

May 20, 2023 admin cars, clean transport, electric cars, Electric vehicles, Fossil Fuels, Oil, oil demand, World Economic Forum

Credit to Author: Steve Hanley| Date: Wed, 17 May 2023 15:45:49 +0000

The World Economic Forum predicts that the EV revolution will eliminate the demand for 2 million barrels of oil a day by 2025.

CleanTech Energy News Science

The Truth Around Oil

October 7, 2019 admin cars, clean transport, consumer technology, electric cars, Electric vehicles, Fossil Fuels, green economy, Oil, oil demand, oil supply, stranded assets

Credit to Author: Gerard Reid| Date: Mon, 07 Oct 2019 21:00:28 +0000

There is a pretty simple truth about oil, and that is that there is lots out there, a fact that is not going to change going forward. In fact, quite the opposite. There is probably more upside to production, as well as downside on the demand side, meaning we will likely see low oil prices for the foreseeable future. The likelihood is that we will also see a race to the bottom in terms of the oil price as producers try to pump oil out of the ground and bring it to market as fast as possible. This in turn will lead to stranded assets as oil companies write down high-cost resources which have become too expensive to take out of the ground