Show threadCelloMom On CarsJan 19, 2025

"Oil demand in #China was lackluster in 2024, with consumption growth slowed, due to weaker economic performance and a shift to electric vehicles (EVs) and LNG-fueled trucks.

Both China’s state energy giants CNPC and Sinopec have predicted #PeakOilDemand on the horizon, with CNPC forecasting it for this year and Sinopec sees the peak coming in 2027."

https://oilprice.com/Latest-Energy-News/World-News/Chinas-Refining-Output-Dips-for-First-Time-in-Over-Two-Decades.html
#Öldämmerung

China's Refining Output Dips for First Time in Over Two Decades

China's oil demand and refinery throughput declined in 2024 for the first time in decades, driven by a shift towards electric vehicles and LNG trucks.

OilPrice.com
CelloMom On CarsNov 9, 2023
"The world’s biggest producers of #FossilFuels aren’t letting go of dirty energy just yet. In fact, most of them plan to keep producing coal, oil, and natural gas for decades to come, despite signs that demand for dirty energy will peak this decade."

#PeakOilDemand #ProductionGap
https://grist.org/energy/un-production-gap-fossil-fuels-coal-oil-gas-paris/
The world is doubling down on fossil fuels even as global demand peaks

A new UN report finds a growing gap between climate goals and oil and gas production.

Grist
Hari TulsidasSep 6, 2023
According to some analysts, global oil demand may peak as soon as 2025, as the world shifts to cleaner energy sources and electric vehicles. This would mark a historic reversal from the decades-long trend of rising oil consumption and challenge the oil industry's profitability and survival. The peak oil demand scenario could have major implications for the global economy, geopolitics and climate change. #PeakOilDemand #EnergyTransition #OilIndustr https://finance.yahoo.com/news/tipping-point-global-oil-demand-220000077.html?utm_source=flipboard&utm_content=HariTulsidas%2Fmagazine%2FArchetypes
Yahooist Teil der Yahoo Markenfamilie

Dave O. MitchellNov 7, 2022

The IEA Confirms that Fossil Fuel Demand Is Peaking: https://rmi.org/the-iea-confirms-that-fossil-fuel-demand-is-peaking/

The Rocky Mountain Institute, whose principal analyst Kingsmill Bond has been leading the charge on this issue, responds to the latest IEA World Energy Outlook:

"The IEA has reaffirmed, with clarity and authority, the new consensus: a rapid clean energy transition is not only necessary and urgent, but feasible, just, and attractive."

#EnergyTransition #PeakOilDemand #CarbonBubble #StrandedAssets

The IEA Confirms that Fossil Fuel Demand Is Peaking

The latest International Energy Agency outlook projects peak fossil fuel demand in every scenario and confirms a rapid clean energy transition is feasible.

RMI