The hottest global energy market outlook in 2019

2019 global energy market outlook

in 2019, how the world's energy development will depend on the policies issued by governments. inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; letter-spacing: 0.544px; text-align: justify; "> the 2019 global energy market outlook released by the International Energy Agency (IEA) recently shows that the development of world energy in 2019 will depend on the policies issued by governments. The IEA believes that more than 70% of global energy investment will be driven by governments. Governments will follow new energy policies (investment allocation in the energy industry) and sustainable energy policies (development of clean energy) Adjust energy production

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; line-height: 1.5em; box-sizing: border-box ! important; word-wrap: break-word ! important; ">portant; word-wrap: break-word !important;"> Then, in the context of significant progress in key clean energy technologies and the dynamic energy investment of shale in the United States, will the current energy structure change significantly? What might 2040 in the energy industry mean

inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; box-sizing: border-box ! important; word-wrap: break-word ! important; ">

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; line-height: 1.5em; box-sizing: border-box ! important; word-wrap: break-word ! important; ">portant; word-wrap: break-word !important;"> The future development trend of the world's energy is at a critical stage of demarcation development at present. Human demand for clean energy and renewable energy is increasing. Fossil energy may officially enter the late stage of development, although the decline process will be very long

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; line-height: 1.5em; box-sizing: border-box ! important; word-wrap: break-word ! important; ">portant; word-wrap: break-word !important;"> portant; word-wrap: break-word ! important; "> the United States is still the main force in increasing energy production

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; line-height: 1.5em; box-sizing: border-box !important; word-wrap: break-word !important;"> portant; word-wrap: break-word ! important; "> since 2015, China's open access to refined crude oil has become the main growth point of global crude oil. The crude oil market in the United States has ushered in a huge change due to the significant increase in shale oil production and the lifting of the export ban. The crude oil supply has increased by 12.6 million barrels/day in the past 10 years, while OPEC's output last year was almost the same as that in 2008.

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; Text align: j the above is to change the operating principle of the experimental machine; text-indent: 0px; line-height: 1.5em; box-sizing: border-box ! important; word-wrap: break-word ! important; ">portant; word-wrap: break-word !important;"> At present, the flexibility of the crude oil market is due to changes in the geographical situation and uncertainties in Venezuela's production, which pose pressure on the prospects of crude oil production. In terms of crude oil demand, the lower crude oil price has significantly boosted the market demand. Can oil supply keep up with demand by 2040

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; line-height: 1.5em; box-sizing: border-box ! important; word-wrap: break-word ! important; ">portant; word-wrap: break-word !important;"> portant; word-wrap: break-word ! important; "> two scenarios are proposed for this IEA.

inkmacsystemfont, Helvetica Neue, Pingfang SC, hiragino sans GB, Microsoft YaHei UI, Microsoft YaHei, Arial, sans serif; font size: 17px; letter spacing: 0.544px; text align: justify; text indent: 0px; box sizing: border box! Important; word wrap: break word! Important;">

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; line-height: 1.5em; box-sizing: border-box !important; word-wrap: break-word !important;"> portant; word-wrap: break-word ! important; "> if the government increases the investment in crude oil, that is, implements the new policy, the growth rate of crude oil production will exceed the demand for crude oil. It is estimated that the global demand for crude oil in 2040 will be 106 million barrels per day, an increase of 11million barrels per day compared with the current.

inkmacsystemfont, Helvetica Neue, Pingfang SC, hiragino sans GB, Microsoft YaHei UI, Microsoft YaHei, Arial, sans serif; font size: 17px; letter spacing: 0.544px; text align: justify ; text-indent: 0px; box-sizing: border-box ! important; word-wrap: break-word ! important; ">

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; line-height: 1.5em; box-sizing: border-box ! important; word-wrap: break-word ! important; ">portant; word-wrap: break-word !important;"> It is estimated that China will become the world's largest oil consumer and the largest net oil importer in history around 2030. The United States will lead the production growth until 2025, but then the production of the United States will begin to decline, and the oil supply share of OPEC will increase steadily. It is estimated that shale oil production in the United States will reach 9.2 million barrels per day in 2025

inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; box-sizing: border-box ! important; word-wrap: break-word ! important; ">

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; line-height: 1.5em; box-sizing: border-box ! important; word-wrap: break-word ! important; ">portant; word-wrap: break-word !important;"> If the new energy policy scenario is adopted, IEA points out that the demand for automotive oil is expected to peak in 2020. At present, there are about 300million electric vehicles on the road, which leads to the reduction of oil demand by 3.3 million barrels per day in 2040; The improvement of fuel efficiency of non electric vehicles is more important to curb demand growth, which also led to a decline in oil demand of more than 9million barrels per day in 2040

inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; box-sizing: border-box ! important; word-wrap: break-word ! important; ">

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inkMacSystemFont, Helvetica Neue , PingFang SC , Hiragino Sans GB , Microsoft YaHei UI , Microsoft YaHei , Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0px; line-height: 1.5em; box-sizing: border-box ! important; word-wrap: break-word ! important; ">portant; word-wrap: break-word !important;"> Compared with the two options, the growth rate of crude oil demand will decline to a certain extent, but the impact of the new energy policy is more obvious. The demand may not increase but fall, and the latter has a greater impact on OPEC, which may lead to the further narrowing of the oil price gap between the United States and Burundi. The contradiction of the turbulence in the crude oil market is still concentrated on the supply side, and the supply side plays a game around increasing and reducing production. In any case, the United States must be on the side of increasing production

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