BP: Plastic bans will slow oil demand

Bans on single-use plastics will slow growth in global oil demand. That’s the forecast from BP’s latest Energy Outlook, which suggests the phasing out of plastic bottles, carrier bags and straws at both governmental and commercial levels is likely to significantly affect how the fuel source is used. Oil accounts for nearly two-thirds of the growth […]

‘Global warming not caused by humans’ says robot

A smart computer has suggested global warming is more likely to be the result of natural fluctuations rather than caused by the actions of humans. That’s according to scientists John Abbot and Jennifer Marohasy, who created an artificial neural network (ANN) to study historic data and see if temperature fluctuations since the industrial revolution are part […]

Utility industry’s future gets vote of confidence

The utility industry is well positioned to withstand political and financial shocks. That is according to a new report from S&P Global Ratings, which says utilities are likely to be kept stable through the current period of global uncertainty due to supportive regulations, slow but steady demand and aggressive capital spending. The vital nature of the products and services they […]

Tight oil production to top 6m barrels a day by 2026

Tight oil production in the US is forecast to rise to above six million barrels per day (b/d) in the next decade. That’s according to a new report from the US Energy Information Administration (EIA), which suggests it won’t be long until tight oil makes up most of total oil production in the country. Tight oil is a light […]

Student predicts energy future!

A student has invented a tool to forecast how an individual’s energy use will change in the future. Moulay Larbi Chalal, a PhD candidate at Nottingham Trent University, used data from across 6,000 households over a 17-year period to see how people’s changing lifestyle and behavior changes their energy requirements. He claims the date even […]

Solar energy to attract $3.7tn by 2040

Around $3.7 trillion (£2.3tn) could be invested in solar power by 2040. That’s according to Bloomberg New Energy Finance’s (BNEF) forecast, which also stated $2.2 trillion (£1.3tn) of solar energy investment will be for “small-scale solar projects as consumers seize control of their power”. That’s equivalent to the worldwide capacity of rooftop, building-integrated and local solar […]

Global LNG demand ‘to reach 400m tonnes by 2020’

Demand for Liquified Natural Gas (LNG) is expected to reach 400 million tonnes by 2020. That’s according to a new report which claims lower than expected demand growth rates and the start of new projects are forcing the shift in global liquefied natural gas market (LNG). It expects global LNG demand to increase from 238.2 million tonnes […]

IEA cuts 2015 global oil demand forecast

The International Energy Agency (IEA) has trimmed global oil demand growth for the rest of the year and 2015, calling the recent slowdown in demand “nothing short of remarkable”. Its latest Oil Market Report expects global demand to rise by 0.9 million barrels per day (mb/d) this year – 65,000 b/d less than previously predicted […]