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EIA: US average gasoline prices before Memorial Day highest since 2014

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per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to the US Energy Information Administration’s (EIA’s) weekly Gasoline and Diesel Fuel Update. The average retail price for regular gasoline in the United States on 24 May, the Monday before the Memorial Day weekend, was $3.02 gal higher than a year ago.

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ExxonMobil, Georgia Tech and Imperial College London publish joint research on potential breakthrough in membrane technology for oil refining

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Scientists from ExxonMobil, the Georgia Institute of Technology and Imperial College of London have published in the journal Science joint research on potential breakthroughs in a new membrane technology that could reduce emissions and energy intensity associated with refining crude oil. —Thompson et al.

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Annual methanol consumption in China, 2000-16. The main effect of this change on the forecasted STEO liquid fuels market balances is that the higher consumption in 2014 raises the baseline to which the STEO forecast benchmarks. MTG units involve high capital costs and are only cost-competitive when oil prices are high.

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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

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Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Less active oil majors in this space include ExxonMobil and ConocoPhillips.

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Forecast: US biodiesel production to surpass RFS target for second straight year

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The RFS aims to reduce oil imports and cut back auto emissions with cleaner-burning fuels such as cellulosic ethanol, biomass-based diesel, and sugar-cane-based ethanol. Kerr, GlobalData’s Managing Analyst for Downstream Oil & Gas. In addition, the Port Authority of New York and New Jersey has been operating on B20 since 2000.

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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

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In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. million units in 2014. Global growth will mainly be driven by China, where Scotiabank expects auto demand to grow 7% in 2015 to 19.36 Asia as a whole will see 33.75

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