India

Cal on February 17th, 2018

In its latest Energy Outlook to 2040, ExxonMobile projects global transportation-related energy demand will increase by close to 30% by 2040. At the same time, total miles traveled per year by cars, sport utility vehicles and light trucks will increase about 60%. Exxon predicts a rise in electric vehicles as well as efficiency improvements in conventional […]

Continue reading about Energy Facts of the Day

Cal on February 14th, 2018

Russia is sending its highest quality crude oil to China in its battle for market share on the prized Asian market. As a result, European petroleum refiners are being left with lower-quality imports from Russia and are now reviewing how much Russian crude they would buy and at what price. The quality of Russia’s Urals […]

Continue reading about Energy Facts of the Day

Cal on February 6th, 2018

According to US Energy Information Administration estimates, US crude oil  production broke through 10 million barrels per day last week and is on its way toward setting an all-time US production record. Investment banker Goldman Sachs sees crude oil prices reaching $80 a barrel in the next six months while others are talking about prices […]

Continue reading about Energy Facts of the Day

Cal on January 8th, 2018

The most significant development for world crude oil prices is the lack of investment in conventional oil which constitutes about 90% of the world’s oil supply.  Multiple voices are warning about the lack of investment in the energy sector. The International Energy Agency reports that last year energy companies approved the lowest number of new […]

Continue reading about Energy Facts of the Day

Cal on January 3rd, 2018

The United Nation reports almost one half of the world’s population lives in countries with below replacement fertility, i.e. with a total fertility rate below 2.1 births per woman. The world population is currently 7.6 billion people. This figure is expected to reach 8.6 billion in 2030, 9.8 billion in 2050 and surpass 11.2 billion in 2100. […]

Continue reading about Energy Facts of the Day

Cal on December 17th, 2017

The international Energy Agency says India is becoming a driving force in global energy trends. Showing remarkable growth, half a billion Indians have gained access to electricity in India since 2000, almost doubling the country’s electrification rate. This growth rate puts India on course to achieving access to electricity for all in the early 2020s. Since 2012, more […]

Continue reading about Energy Facts of the Day

Cal on December 5th, 2017

A study by McKinsey Global Institute projects up to 800 million global workers will lose their jobs to robotic automation by 2030. The study of 46 countries and 800 occupations found that up to one-fifth of the global work force will be affected. Machine operators and food workers will be hit hardest. Wealthy countries like the US and Germany […]

Continue reading about Energy Facts of the Day

Cal on November 29th, 2017

Brazilian state-controlled Petrobras announced has started to produce crude oil and natural gas from the giant deepwater Libra field in the Atlantic Ocean. The field is estimated to hold between 8 billion and 12 billion barrels of crude oil. The Petrobras rig expects to reach 30,000 barrels per day in early 2018 with the potential to reach […]

Continue reading about Energy Facts of the Day