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14 hours ago · The plan proposes to cap 2030 emissions at 35% to 38% below 2019 levels while providing compliance flexibilities to emit up to a level about 20 to 23% below 2019 levels.
6 days ago · The company’s latest outlook report concludes that oil use will increase by about 2m barrels a day to peak at about 102m in 2025 across both of its forecasts – one that tracks the world current trajectory and one that shows the world meeting global net-zero targets by 2050.
5 days ago · Oil demand is expected to peak by 2025 at around 102 MMbpd under both scenarios. However, it declines at a different pace in either outlook, driven primarily by the pace of falling oil use in road transport.
5 days ago · The International Energy Agency on July 11 trimmed its estimate of growth in global oil demand in 2025 by 50,000 b/d to 980,000 b/d, citing "normalisation" of demand trends following the pandemic, with China losing its pre-eminence.
14 hours ago · At the end of last year, Canada's federal government introduced a draft framework to cap pollution from the oil and gas sector to reduce emissions. The plan proposes to cap 2030 emissions at 35% to 38% below 2019 levels while providing compliance flexibilities to emit up to a level about 20 to 23% below 2019 levels.
4 days ago · International oil need will peak by 2029 and start to contract the next year, the International Energy Firm stated on Wednesday, while oil supply capability is due to vastly exceed demand by the end of the decade. The Paris-based energy guard dog sees supply capability hitting almost 114 million barrels each day (bpd) by 2030, or a complete 8 million bpd above forecasted need in its annual oil ...
6 days ago · Energy giant bp has said that global oil demand will peak as early as 2025, with renewable energy sources growing rapidly as the desire for hydrocarbons subsidies.
