Tag: energy outlook

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EIA projects rise in U.S. crude oil and liquid fuels production

The U.S. Energy Information Administration projects that U.S. petroleum and other liquid fuels production, which in addition to crude oil and condensate production includes natural gas plant liquids derived from natural gas processing as well as biofuels and volume gain at refineries, is projected to grow from 14.8 million barrels/day (b/d) in 2015 to 18.6 million b/d in 2040 in its Annual Energy Outlook 2016 (AEO2016) Reference case.

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Carbon emissions to decline after 2030

ExxonMobil’s new report ''The Outlook for Energy: A view to 2040'' forecasts that global CO2 emissions are likely to peak around 2030, and then begin declining. In coming decades, although populations and living standards will rise significantly, ongoing improvements to energy efficiency – and increasing efforts to use lower-carbon fuels wherever practical – will slow the growth in energy-related CO2 emissions.

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