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] If oil companies eliminate all their methane emissions but expand their oil and gas production, total carbon emissions and global warming could keep going up.
• [New] While the trend in Chinese refractory production was obviously down in early 2019 while COVID-19 measures were still in place, Chinese refractory production actually grew in 2019 and is expected to recover in the second half of 2020 as crude steel production in China stays steady.
• [New] Exports, private consumption and industrial production are expected to contract more than 10% this year, while investments are forecast to decrease more than 18%.
• [New] Under DW, Putin succeeds in keeping crude prices in a $ 25-30 / bl target range through 2023-causing sustained damage to the US shale industry, including associated gas production - before allowing crude prices to creep higher in 2024.
• [New] Declines in domestic crude production outlasting the demand losses that will bounce back in a few months will result in the United States again importing more crude oil than it exports in the third quarter 2020.
• [New] After the first half of 2020, global consumption is expected to increase leading to inventory draws for at least six consecutive quarters putting upward pressure on crude oil prices.
• [New] Consumption of petroleum products will have sustained growth and recovery in North America for the second half of the year, which could have an effect on increasing demand for crude oil in the United States.
• [New] Global canola production is forecast to increase marginally in 2020-21, assuming production increases in Australia and Ukraine.
• [New] Brazilian soybean production is forecast to increase to record levels in 2020-21 because of an expansion in area planted.
• [New] Global soybean production is forecast to increase in 2020-21, largely due to increased production in the United States and Brazil.
• [New] The expected batteries production in Europe is expected to achieve more than 200 GWh/year over the next 10 years, corresponding to 20% of the total production presented in figure 1.
• [New] In the Reference case, world uranium production is expected to be 66,400 tU in 2030 before declining to 48,100 tU in 2040.
• [New] Wheat production is projected to build on this year's record crop of 762 million tonnes, rising to 768 million in 2020-21, while trade is forecast to dip to 180 million tonnes from this year's record of 181 million tonnes.
• [New] The IGC projects totals grains production in 2020-21 to increase by 62 million tonnes from the previous year, led by a 55-million-tonne increase in corn output and a 6-million-tonne jump in wheat production, both of which would be record highs if realized.
• [New] Ongoing efforts to lower greenhouse gas emissions are expected to spur further investment in green energy production, which has been steady over the years, standing at around $600 billion per year, on average.
• Anglo American aims to use renewable energy sources for all of its electricity consumption by 2022, and plans to reduce its global carbon dioxide emissions by 30% by 2030.
• China will gradually raise its mandated production quota for new energy vehicles over the next three years, a move that the top industry regulator said would support its ambitious 2025 sales target.
• While Rystad has lowered its outlook for global gas demand this year to 3,883 Bcm because of the impact of the coronavirus pandemic, a jump in consumption during 2021 as a result of continued low prices and recovering economic performance could lead to a tighter balance.
• World coffee production is forecast to reach a six-year high of 176.1 million bags (each weighing 60 kilograms) in 2020-21, an increase of 9.1 million bags compared to the previous year.
• The energy watchdog raised its 2020 global oil demand forecast to a 8.6 million bpd decline, and said the US will be the single biggest contributor to global production cuts this year.
• In the US, the Energy Information Agency has forecast a decrease in consumption for natural gas in the US this year, with poor economic conditions resulting in less demand from the industrial sector - with a fall expected from 2019's 21.4 billion ft ³ / d to 19.9 billion ft ³ / d in 2020.
• While global gas demand for 2020 has been revised down to 3,883 Bcm due to the impact of COVID-19, a jump in consumption during 2021 as a result of continued low prices and recovering economic performance could lead to a tighter balance.

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Last updated: 06 July 2020