Responsible Consumption and Production (12)

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 12: Ensure sustainable consumption and production patterns.

[New] While analysts expect Venezuelan production to more or less stabilize at current levels of around 700,000-800,000 bpd for the rest of the year, Iranian oil production is forecast to fall further.
[New] The IMO 2020 sulfur rule combined with a trade deal with China could make the U.S. the largest oil exporter within the next five years.
[New] Canada's total oil production is forecast to increase to 5.86 million barrels per day by 2035 - a growth rate less than 50% of projections made in the 2014 outlook.
[New] US shale production will peak at 14.5 million b/d around 2030, Rystad Energy forecast, saying US light, tight oil represented less than 1% of world oil supply 9 years ago but represents close to 10% of total world oil supply in 2019.
[New] Malaysian palm oil production is forecast to rise to 20.3 million tonnes this year due to expected good weather.
[New] Promoting non-oil growth and creating jobs for Saudi nationals remain key challenges: Non-oil growth is expected to strengthen further this year and over the medium term.
[New] Asia-Pacific regions are the main consumption areas of Soy Sauce in the world and it will keep the same position in the next few years: The market size of North America and Europe regions will grow fast in the following years.
[New] AHDB analyst Jennie Tanner said: An increase in pork imports is expected this year, to meet the demand set by an increase in Japanese consumption.
[New] India experienced real GDP growth of 6.7% in 2017, and grew at a rate of 7.5% in 2018, but will slightly decrease to 7.3% in 2019 and again pick up to 7.5% in 2020, supported by the continued recovery of investment and robust consumption.
[New] Crude oil prices are expected to average US$66 per barrel in 2019 and US$65 in 2020 affected by greater-than-anticipated US production and a weak economic outlook for the global economy.
[New] World corn production for 2019-20 is forecast to decline, mainly due to decreased production projections for the US and Ukraine.
[New] World corn production for 2018-19 is expected to be the second-largest in history, mainly due to larger production prospects from South America.
[New] The USDA expects world barley production for 2019-20 to increase to the highest level in most recent 10 years, largely due to higher production from the world major exporters.
[New] In 2017, the global hydrogen production market was estimated at $103 billion and is expected to reach $207 billion by 2026, suggesting a compound annual growth rate of 8.1 percent or a market of approximately 121 million metric tons.
South American soybean production is up approximately 7 percent over last year's crop at 6.7 billion bushels and projected production for the 2019 crop sits at 6.8 billion bushels.
US soybean production in 2019-20 marketing year (September-August) is expected at 100 million mt, down 19% on year, as the unfavorable spring weather decreased the planted area estimate.
In 2019, China's needle coke production is expected to reach 618,000 tonnes in 2019 from 295,000 tonnes in 2018, of which 60,000 tonnes are estimated to go for exports and 558,000 tonnes for the domestic market.
The total consumption of nonwovens in medical applications is expected to reach 351,000 tons by the end of this year, up from 264,000 in 2012, according to research firm Smithers Pira.
China will continue to account for roughly two-thirds of global coking coal production and consumption over the coming years.
Germany's energy storage market is forecast to register a growth rate of over 3% by 2025, with the government's goal of meeting 65% of its electricity consumption from renewable energy by 2030, cited as a key driver.
Glencore expects production of copper, Zinc, Nickel, Coal and Oil to be weighted towards the second half of the year.

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Last updated: 16 September 2019