UNIVERSIDAD MAYOR DE SAN ANDRÉS

FACULTAD DE INGENIERÍA
INGENIERÍA PETROLERA

TECHNICAL ENGLISH II (PET-229)

GROUP PROJECT
Global Oil Demand To Top 100 MMbbl/d But Outlook May Cloud
Group members:
 RODRIGO VIDAL PATTY RAMOS
 ALDO WILMER YAPITA CACERES
 CARLOS VICTOR ROLDAN USCAMAITA
 EDWIN CALLE HUANCA
 XIMENA ALEJANDRA CHOQUE RIOS
Fecha: November 20th, 2018
La Paz – Bolivia
 Global Oil Demand To Top 100 MMbbl/d But Outlook May Cloud

ACTIVITY ONE: Pre-reading

Answer the following questions.
1. What is the outlook for oil demand in the world?

The outlook for oil demand in the world is 100 MMbbl / d (millions of barrels per
day).

2. Do you know what MMbbl / d means?

MMbbl / d means millions of barrels per day, so the volume of oil is measured.

3. What is the reason for the demand for oil?

The reason for the demand is because even Oil is the first energy resource in the
world.

4. Why can the perspective be clouded?

Because, some countries are implementing alternative energies which are

gradually replacing oil and its derivatives.

5. Do you think that the demand for oil will affect the economy of our
country?

Yes, we believe it, because the economy of our country depends on the export of
hydrocarbons.
ACTIVITY TWO:

Match the products that derive from petroleum.

ACTIVITY THREE

Using the words in the las activity. Write some sentences. What material are
they made of?

1. Fulnitures are made of Wood, metal, rubber, plastic by oil.

2. Gasoline is made of oil.
3. Roud is made with heavy oil.
4. Shoes are made with rubber, plastic, oil.
5. Tires are made with rubber by oil.
6. Cellphone is made with metal, platic, glass, oil.

ACTIVITY FOUR:

TECHNOLOGY

OIL
ECONOMY GEOPOLITIC
INFLUENE

COUNTRY
DEVELOPMENT

Write your opinion, about oil influence.

1: oil directly influences the economy of the countries.

2: it is a geopolitical issue because, oil generate large economic income for the
countries.

3: is the main economic source for the development of oil countries

4: to perform work in the oil industry, very sophisticated technology is currently

needed.

Questions to discuss.

1. How does oil influence the world economy?

Generates a great economic movement in the world and therefore in many

countries is its source of development.

2. How does oil influence in our country?

The influence of oil in our country is great since the country economically lives
from the sale of oil.

3. Why is oil a geopolitical issue in the world?

Because oil generates great economic movements in the world and many
countries fight to have control of those oil producing areas.

ACTIVITY FIVE
think about the pros and cons of oil industry and match the following frases
in the figures to the table below

pros cons
 Very high economic in Damage to the
comes for the countries enviroment
Profitable business Non renewable source
Contribution in Water pollution in the
generation of electric oceans
energy
Inproves quality of the War between countries
life
Petrochemical products
are economical and
durables

ACTIVITY SIX
Here are some words the article contains. How many do you Know? Match
the words with the nearest meaning.
A B
d 1. Oil a) The people or companies engaged in a particular kind of
. Commercial enterprise.
e 2. Forecast b) Advancing or becoming higher or greater in degree or .
. value or status.
a 3. Industry c) An urgent or peremptory request.
c 4. Demand d) A slipper or viscous liquid or liquefiable substance.
h 5. Outlook e) A prediction about how something will develop.
f 6. Government f) The organization that is the governing authority of a
political unit
b 7. Rising g) A thermodynamic quantity equivalent to the capacity of a
physical system to work.
g 8. Energy h) Belief about (or mental picture of) the future.

ACTIVITY SEVEN
From column A, chose a word to complete the following sentences; you may
have to change some words slightly.
 1. The oil industry , includes the global processes of exploration, extraction,

refining, transporting, and marketing of petroleum products.

2. The point at which oil demand will peak has long been focus debate.
3. Petroleum and diesel rates went up again on Monday amid public protest

against rising prices and the central government’s refusal do cut duties.
4. In the September 2018 update of its Short-Term-Energy-Outlook (STEO),

the U.S. Energy Information Administration (EIA) increased the forecast

price for the Brent spot price to $73/Bbl in 2018.

5. World Energy consumption is the total energy used by the entire human

civilization.

ACTIVITY SEVEN

Decide which of these bub-headings best sums up the paragraph of the text.

Then place them over de appropriate sections.

 Influence of dolar

 Oil demand of present and in coming years

 New politics of energy

 Passing a important moment

 Asia leads with two countries

 Very high pressure on prices.

 Sanctions of the United States

 demand moderation
 Iran`s felling the sanction

 the forecasts do not change

 Pressure of two giants on emerging countries

Global Oil Demand To Top 100 MMbbl/d But
Outlook May Cloud
Very high pressure on prices.

World oil consumption will top 100 million barrels per day
(MMbbl/d) in the next three months, putting upward pressure on
prices, although emerging market crises and trade disputes could
dent this demand, the International Energy Agency (IEA) said on
Sept. 13.
The forecasts do not change

The Paris-based IEA maintained its forecast of strong growth in

global oil demand this year of 1.4 MMbbl/d and another 1.5 MMbbl/d
in 2019, unchanged from its previous projection.
New politics of energy

“Things are tightening up,” the agency that advises Western

governments on energy policy said in its monthly report. “The price
range for Brent of $70-$80 per barrel in place since April could be
tested.”
Sanctions of the United States

U.S. sanctions on Iran’s energy industry, which come into force in

November, have already cut supply back to two-year lows, while
falling Venezuelan output and unplanned outages elsewhere will
also keep the balance between supply and demand tight, the IEA
said.

But it said rising demand could also be checked.

Influence of dolar

“As we move into 2019, a possible risk to our forecast lies in some
key emerging economies, partly due to currency depreciations
versus the U.S. dollar raising the cost of imported energy. In
addition, there is a risk to growth from an escalation of trade
disputes,” the agency said.
Pressure of two giants on emerging countries

The U.S. and China have imposed a series of tariffs on each other's
goods since May that have unnerved equity markets, while a rising
U.S. dollar has put emerging market currencies under pressure,
raising the energy bill for some of the world's largest oil importers.
Asia leads with two countries

Demand from nations not in the OECD group of industrialized

countries, led by China and India, is expected to rise by 1.1
MMbbl/d to 51.6 MMbbl/d this year and by 1.2 MMbbl/d to 52.8
MMbbl/d next year, the IEA said.

Demand moderation

Global demand will hit a high of 100.3 MMbbl/d in the final quarter
of this year, before moderating to 99.3 MMbbl/d in the first quarter
of next year, the agency said.

Passing a important moment

“We are entering a very crucial period for the oil market. The
situation in Venezuela could deteriorate even faster, strife could
return to Libya and the 53 days to November 4 will reveal more
decisions taken by countries and companies with respect to
Iranian oil purchases,” the IEA said, referring to the day U.S.
sanctions on Iran take effect.

“It remains to be seen if other producers decide to increase their

production,” it said
Oil demand of present and in coming years

Demand for crude from OPEC will moderate in 2019 to 31.9

MMbbl/d, from an estimated 32.3 MMbbl/d this year, the IEA said.
Iran`s felling the sanction

Iran, OPEC’s third-largest member, is feeling the effect of the

sanctions. The IEA said crude output fell in August by 150,000 bbl/d
from July to a 25-month low of 3.63 MMbbl/d, while exports fell by
280,000 bbl/d to 1.9 MMbbl/d, from a peak of around 2.5 MMbbl/d in
May.

ACTIVITY NINE : EXCEPT

Read the text and choose the best answer
1. Paragraph 1 and 2 provide each of the following, except.

a) Emerging market and trade disputes can dent the demand.

b) The global oil demand will grow by 1,5 MMbbl/d in 2019.

c) World oil consumption will top 100 million barrels per day (MMbbl/d) in
the next 2 months.

d) The IEA forecast will not change.

2. Paragraph 3 and 4 provide each of the following, except.

a) Brent’s Price is between Sus. 70 – Sus. 80.

b) While falling Venezuelan output elsewhere happens the same.

c) Iran’s sanctions come into force in november.

d) Brent’s Price range is in place since April.

3. Paragraph 5 provide each of the following, except.

a) Trade disputes can be a risk for oil demand.

b) Currency depreciations against dollar that rises the imported energy is also
a risk for oil demand.

c) Currency depreciations against dollar that rises the imported energy

represent a total risk for oil demand.

4. Paragraph 6 provide each of the following, except.

a) The U.S. and China have imposed a series of fees on each other’s goods.

b) A rising U.S. dollar has put emerging market currencies under preassure.

c) Energy bills raise for all of the world’s largest oil importers.

5. Paragraph 7 and 8 provide each of the following, except.

 a) Global demand will hit a high of 100,3 MMbbl/d in the final quarter of 2018.

b) Nations that don’t belong to the OPEC are led by China and India.

c) Demand from China and India is expected to rise by 1,1 MMbbl/d to

51,6 MMbbl/d.

d) In 2019 global demand will moderate to 99,3 MMbbl/d.

6. Paragraph 9 provide each of the following, except.

a) Countries and companies will decide about Iranian oil purchase.

b) U.S. sanctions on Iran have their effects.

c) Venezuela’s situation is getting worse.

d) Other producers will increase their products.

7. Paragraph 10 and 11 provide each of the following, except.

a) The demand for crude from OPEC will moderate in the same way as
the same way as the crude from nations that don’t belong to the
OPEC.

b) Iran is an OPEC member.

c) Crude output fell by 150000 bbl/d.

d) The exports fell in May.

ACTIVITY TEN: synonims/antonyms

Using the line reference given, look back in the and find words that have a

similar meaning to:

1. request (line 3).......Demand

2. verified(line 10) .......Tested

3. collapse(line 12)........Falling

4. conflict (line 19)........Disputes

5. increase (line 25).........Rise

Now, look back in the text and find words that have an opposite meaning to:

1. heyday (line 2)........Crises

2. weak (line 5)............Strong

3. decreasing (line 22)...Raising

4. beginning(line 27).....Final

5. top(line 39)..................Peak

ACTIVITY ELEVEN: CONTEXTUAL REFERENCE

1. It (line 5) Paris
2. That (line 8) agency
3. This (line 9) the agency
4. Which (line 11) U.S. sanction
5. It (line 15) said rising demand
6. Our (line 16) forecats
7. It (line 35) remains

ACTIVITY TWELVE: Language focus