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Today energy deeply entered all spheres of human lives so that further economic and social development requires strong and reliable energy supply. ExxonMobil's Outlook for Energy report shed some light on the future advancement of global energy framework by estimating energy supply and demand indicators up to the year 2040. Below you can find interactive infographics presenting key findings of this report.

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إحصاءات البيانات ذات الصلة

Cost of Producing a Barrel of Crude Oil by Country

Slump of oil prices does not slow oil production immediately as it does with investment according to historical evidence. On the contrary, it affects future production through decreased investment in exploration and development of new fields. However, in the current conditions when oil price hovered above break-even price (price at which it becomes worthwhile to extract) for several years the response of production to price decrease may come more quickly. Especially, it concerns countries which experience high operating costs of oil production, namely United Kingdom, Brazil, Canada, Australia. In these countries oil price slump will affect...

IEA, Oil Market Report: World Oil Supply

On the whole growing tendency of world oil supply is observed in spite of the oil price collapse in 2014. However, this year’s oil supply prospects became less optimistic. Drop in the number of rigs drilling for oil and huge reductions in exploration and production capital expenditures have been reported as a result of current oil prices. This will certainly lead to a loss of production, particularly in the short- to medium-term, despite the fact that lower oil prices have forced operators to become more efficient as they aim to secure the benefits of cost deflation. Moreover, there are economic factors that also weighed heavily on the oil...

Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030

Brent crude oil prices will average $63.4 per barrel in 2018 and decrease to $62.7 per barrel in 2019, according to the most recent forecast from the US Energy Information Administration's monthly Short-Term Energy Outlook (EIA). This reflects an upward revision of $2.5/barrel to the EIA forecast for 2018 compared to last month's Outlook.The OECD Economic Outlook as of November 2017 was less bullish, pegging the real price of a barrel of Brent oil— i.e. price adjusted for inflation—at $60/barrel in 2018.Looking out to 2020, the IMF in its Primary Commodity Prices Projections released in July asserted that after modest growth in 2018, the...

China's role in consumption of Metallurgical coal

The first half of 2018 saw a continuation of the pickup in global economic growth and industrial production which has supported global steel output and thus demand for metallurgical coal. Metallurgical coal is used to produce coke for steel manufacturing and it is a less abundant form of coal. As China is fastest growing economy and highest share of world metallurgical coal importer (24% in 2017) as a result, China is one of the highest world’s metallurgical coal consumer which is contributed increase in worlds consumption of the coal.