For those who have time for reading, the 2018 BP energy outlook proves for good reading. Whilst there is much richer content direct from BP these are my take outs.
- BP expects peak oil consumption around 2040
- There is a significant increase in energy demand. Largely driven by China, India and Africa (aligned with population / GDP growth)
- Whilst growth in demand for transport increases for oil consuming vehicles, fuel efficiencies offset surges in demand. Strength remains in oil consumption and gas is a growth area. Industry will drive major consumption over transport.
- Renewables and diversifying the source of energy is the core of the presentation. The growth area for the next 20 years for BP.
https://www.bp.com/content/dam/bp/e...ics/energy-outlook/bp-energy-outlook-2018.pdf
A few highlights:
Fuel demand increases, renewables and gas leans in to fill the gaps in growth
![]()
Efficiency gains largely offset surges in consumption
![]()
Oil demand continues growth into 2040. China and India playing a key role in demand growth.
![]()
Over the next ~20 years countries / regions will diversify their source of energy
![]()
Overall - I see this as a long term positive for FAR. Producing will have strong market for consumption for the foreseeable future
Ride
- Forums
- ASX - By Stock
- FAR
- 2040 Energy Oulook
2040 Energy Oulook
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
51.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.12M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 92577 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 101000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 92577 | 0.505 |
1 | 62764 | 0.500 |
4 | 210449 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 101000 | 2 |
0.515 | 3300 | 1 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
Last trade - 16.16pm 02/09/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
Day chart unavailable