Both global oil demand and supply are now close to new, historically significant peaks at 100 mb/d, and neither show signs of ceasing to grow any time soon. Fifteen years ago, forecasts of peak supply were all the rage, with production from non-OPEC countries supposed to have started declining by now. In fact, production has surged, led by the US shale revolution, and supported by big increases in Brazil, Canada and elsewhere. In future, a lot of potential supply could come to the market from places like Iran, Iraq, Libya, Nigeria and Venezuela, if their various challenges can be overcome.
“Today you are asking the question: How can we develop energy systems to reduce smog in Poland’s Rural Areas? I would argue that the question needs to be answered in two parts. First, how can harmful carbon emissions be reduced in rural areas, particularly in agricultural activity? And second, how can we develop new economic opportunities both on farms and in the broader rural economy that do more for the environment?”
Petrochemicals – components derived from oil and gas that are used in all sorts of daily products such as plastics, fertilisers, packaging, clothing, digital devices, medical equipment, detergents and tyres – are becoming the largest drivers of global oil demand, in front of cars, planes and trucks, according to a major study by the International Energy Agency.
Brussels, 3 October 2018 – The EU Parliament has confirmed today in a plenary vote the political will to go for higher targets to limit CO2 emissions from cars and vans by 2025 and 2030. The Paris agreement confirmed the need for the transport sector to urgently curb its CO2 emissions drastically. Unfortunately, the EU Parliament did not have the courage to make lightweighting more relevant by deleting the mass-based utility parameter.
The energy and transport industry calls for implementation of a Carbon Correction Factor (CCF) in European Parliament vote on CO2 emissions standard for new passenger cars and light commercial vehicles.
In view of the European Parliament plenary vote on Wednesday 3rd of October, the European Biogas Association (EBA), EUROGAS, Gas Infrastructure Europe (GIE) and the Natural & bio Gas Vehicle Association (NGVA Europe) jointly underline the importance of natural and renewable gas as pragmatic solution to quickly start the decarbonisation process and tackle air quality issues in urban areas of passenger vehicles. Today, the previously mentioned associations published and sent a joint letter to the EU institutions.
Formally opened by Aleksandar Antic, Minister of Mining and Energy of Serbia, the 10thEnergy Community Oil Forum took place on 25 September in Belgrade. The Forum stressed the importance of timely transposition of the Oil Stocks Directive in order to ensure its full implementation by the 2022 deadline. The Forum acknowledged that this would require significant efforts by the majority of Contracting Parties, which are yet to decide and legislate the most appropriate oil stockholding model. Only Serbia has transposed the Directive and started its implementation.