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Global Oil Demands Now In a Very High Level, may be "golden age" of oil and gas consumption will over soon

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With reshape city and positioning of modern life car culture in the 20th century, sweeping through the world each corner, but gasoline demand growth will present stagnation in the future, the consumption of gasoline "golden age" may have been close to an end.Global oil demand is on topDue to more fuel-efficient cars and electric cars, such as tesla motors appears stagnant the growth in demand over the next 25 years, the international energy agency (IEA) estimated global gasoline consumption has peaked.This shift will have a profound impact on oil refining industry, because of the global gas account for a quarter of global oil consumption.The international energy agency director and executive director of Birol, Fatih Birol said in an interview in London, the age of the electric car is coming, and electric cars will be increased from 2015 in 1 million to 2040 in 150 million.Soaring demand for gasoline will show how the oil market situation changes rapidly, at the same time as usually predict oil demand growth trend of oil industry in the coming decades was overshadowed.Value of November, the world's second largest energy company, Royal Dutch Shell (Royal Dutch Shell PLC), senior director, said the next five years, global oil demand will meet with top;Other competitors in the oil industry.The IEA don't agree with shell's "pessimism," the IEA agreed to gasoline demand will peak at a later time points, but because of diesel oil and fuel oil, and transport, shipping, aviation, petrochemical and other industries of jet fuel consumption is higher, global oil demand in the coming decades will continue to grow.PKVerleger LLC, an energy economist, senior oil markets analyst Philip ferrer (Philip Verleger) said the IEA's oil demand is expected more bullish outlook for the global oil industry.Ferrer said, because all the signs are that demand for oil consumption could be started in 2020 showed a trend of decline, rather than in 2030;Global oil refinery can only hope that prediction result is correct, this is the "sunset industry" hope for the best news.

golden age of oil and gas consumption will over soon

On November 16, the international energy agency released a new report "world energy outlook 2016", for the recent global and the overall energy consumption and supply of the forecast.The IEA gasoline demand is expected by 23 million barrels per day in 2015 fell to 22.8 million barrels per day in 2020.By 2030, gasoline demand will climb to peak at 23.1 million barrels per day;Subsequent to the 2040 gasoline demand will fall.By 2030, the IEA said gasoline demand growth is strong, but gasoline demand growth outlook is expected to be released from a year ago more pessimistic.Gasoline golden age or close to an endFor a long time, the global market of vehicles have been choosing gasoline into power.Since the 1950 s, Henry Ford (Henry Ford?) wishing to make every American middle-class families can afford cars;Gas stations have sprung up, the car across the restaurants and shopping center, the United States and the world economy city sight so to be able to change.However, the current automobile company (in tesla, for example), and such as the world's leading companies such as general motors, BMW and dongfeng nissan don't pay, and the electric car research and development in the first place.Due to technical level, especially batteries, electric vehicle prices to fall.Preferential tax policies are more improved electric car sales, especially in China, for example.Although European diesel competition is intense, between 1990 and 2015, the global demand for gasoline increased by nearly 20% because of preferential tax policies.FX678 quoted the IEA data show that over the next 25 years, fuel consumption will fall by 0.2%.Mr Birol said that by 2040, the number of passenger vehicles will double to 2 billion, but the fuel consumption will be much lower than the present.The first may be the refinery, in the past two decades, refinery at the expense of the other fuels, and spending billions of dollars to maximize gasoline production.Mr Birol said that the next 25 years, fuel demand change will have a significant impact on oil industry, this will probably have to lead to the refinery reorganization and innovation.Diesel isHuitong network quoted Mr Birol said that gasoline demand will be even more susceptible to the proportion of biofuels

Era of new energy vehicles

refinery mechanical configuration will therefore be affected.Developed countries gasoline demand is slowing, but due to economic development, used for electric cars and jet middle distillate oil and fuel will continue to grow over the next ten years.The new international rules require low sulphur fuel will replace the current in 2020 heavy polluting fuels for ocean transportation.The world's largest energy consultants Wood Mackenzie (Wood Mackenzie) in Houston, vice President of the us oil market research [cut hoff (Michael Wojciechowski) said, because of a drop in oil refineries are struggling to cope with gasoline consumption, oil refineries will focus on distillate (such as diesel), to replace the gasoline.Walter iche hoff said diesel almost like a thriving common fuel, diesel almost can meet a lot of oil refinery for the development of strategic objectives. 

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