New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. During 1995 to 2015, Iran’s oil-intensity per capita has increased from 7.2 to 8.7 bbl/y, whereas the oil-intensity of its economy has reduced from 1.7 to 1.3 bbl per $1000 GDP (constant 2016$). The plummeting oil price has devastated Iraq’s economy, as coronavirus lockdown puts youth protests on hold. At the request of the government of Japan under its G20 presidency, the International Energy Agency (IEA) has produced this landmark report to analyse the current state of play for hydrogen and to offer guidance on its future development. Breaking the habit The future of oil. Fuels: New Discoveries, Technological Advancements, and Global the economy between 2012 and 2015. The future of oil jobs in the ... Can Mario Draghi put a stop to Italy’s economic decline ... OPEC extends cuts in oil output by nine months. The oil slump is a glimpse of what is ... O IL, IT HAS been said, is the blood coursing through the veins of the world economy. But don’t expect it to end imminently OPINION: Future of Texas oil, gas depends on bold leadership. The world’s use of oil is approaching a tipping-point, writes Henry Tricks. The OPEC oil deal The future of the oil industry. The oil market is undergoing fundamental change. Iraq, oil and the future of its youth. Oil refining is a key element of the global energy system. Oil demand is likely to exceed 100 million barrels per day (MMbd) in 2019, and almost all of this takes the form of refined products such as gasoline and diesel. dangerously relied on oil to play a major role in the past, present, and future of its social, economic, and political history. In 2014, oil and natural gas constituted 37% and 53% of ). Oil will remain with us for years, but its era is inevitably coming to an end. The Kingdom of Saudi Arabia once led the world as the largest Ed Longanecker ... the economic prosperity provided by the Texas oil and natural … The World Economic Forum’s Global Agenda Council on the Future of Oil & Gas considers strategies that can be deemed to be robust for the oil and gas industry in a future 2°C world towards 2040 as well as most alternative futures. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. SECTION TWO: Economic and Oil Revenue Distribution Issues for Mexico Scenarios for Oil Supply, Demand and Net Exports for Mexico Kenneth B. Medlock III and Ronald Soligo, Baker Institute — This paper models and forecasts future oil demand trends in Mexico under different scenarios and provide analysis of when and whether the country might become a net oil importer. Throughout the twentieth century and into the beginning of the twenty first century petroleum has played an increasingly important role in the economy of the United States. In such a future, of the $1.9 trillion in expected investments by national oil companies, one-fifth—more than $400 billion—would be in high-cost projects that won’t break even. These are exactly the reasons why Veolia, which is already actively engaged in promoting circular solutions, welcomes and As a result, a 25% rise in the dollar offsets a 25% drop in Oil Demand Team BloombergNEF. The New Plastics Economy Rethinking the future of plastics THE NEW PLASTICS ECONOMY RETHINKING THE FUTURE OF PLASTICS THE NEW PLASTICS ECONOMY ... would account for 20% of global annual oil consumption. 1 Studies show that global oil demand will not regain the levels seen last year, and it could soon fall rapidly in the face of more decisive climate action – by 10% this decade and by 50% over the next 20 years. Electric cars and the future of Nigeria’s oil economy The Future Policy makers of about 13 countries including China (the largest car market in the world) and Japan (the third largest car market in the world) are pushing for a phase out of fossil fuel powered cars in order to reduce greenhouse gas emissions and improve urban air quality across board. The council is not advocating or opining on the “realism” or The time is right to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future.

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