DEVELOPMENT IN OIL AND GAS RETAIL INDUSTRY.
Renewable energy and nuclear power are the world's fastest-growing energy sources, each increasing by 2.5% per year. However, Fossil fuels continue to supply 80% of world energy use through 2040. Natural gas is the fastest-growing fossil fuel in the outlook. Global natural gas consumption increases by 1.7% per year. Increasing supplies of tight gas, shale gas, and coalbed methane support growth in projected worldwide natural gas use. Coal use grows faster than petroleum and other liquid fuel use until 2030, mostly because of increase in China's consumption of coal and tepid growth in liquids demand attributed to slow growth in the OECD regions and high sustained oil prices.
The industrial sector continues to account for the largest share of delivered energy consumption, the world industrial sector still consumes over half of global delivered energy in 2040. Given current policies and regulations limiting fossil fuel use, worldwide energy-related carbon dioxide emissions rise from about 31 billion metric tons in 2010
World use of petroleum and other liquid fuels growth from 87million barrels per day in 2010 to 97million barrel per day in 2020 and 115million barrels per day in 2040. All the growth in liquid use is in the Transportation and Industrial sector.
Analyse the main new drivers, Practices and Technologies to tackle and address the confluence of concern about energy security, rising energy prices and climate change.