Fuel Markets Modeling
We use gTech to answer strategic questions about fossil fuels and biofuels production, demand, and transportation including by pipelines. This tool allows us to offer insight into the implications of fuel supply, demand, and transportation decisions and federal and provincial policy constraints on:
- Oil and gas prices at multiple trading hubs
- Global and regional oil and gas production
- Global and regional oil and gas demand
- Global and regional greenhouse gas emissions
Characterizing global oil and gas market dynamics
gTech explicitly simulates the global supply and demand for crude oil under various constraints, such as the availability of pipeline infrastructure and alternative global supply options, or the implementation of policies to reduce greenhouse gas emissions. To do this, the model represents:
- The production of 12 benchmark types of crude oil from around the world
- Pipeline, tanker and rail transport options
- Individual processes required to refine crude oil into petroleum products
- Global and regional demand for refined petroleum products and natural gas, and how demand changes in response to prices
Analyzing biofuels markets
gTech explicitly models the full supply chain for biofuels, from agricultural supply to final consumption. The model can examine various policies, including low-carbon fuel standards; clean fuel standards; renewable fuel requirements; and how various policies implemented at the federal and provincial level are likely to interact when implemented simultaneously.
