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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

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EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

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Consumption of gasoline in China grew from 0.9 Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. China vehicle sales and gasoline consumption. l/100 km) by 2015 and 47 miles per gallon (5.0 Source: EIA. Click to enlarge. l/100 km) by 2020.

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Navigant forecasts global annual sales of LDVs of 122.6M by 2035, up 38% from 2015

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from 2015 to 2035 to almost 1.9 Navigant expects sales of conventional internal combustion engine (ICE) vehicles will fall significantly over the forecast period, experiencing a CAGR of -6.6%. As a result, the share of vehicles in use that are conventional ICE vehicles will fall from more than 91% in 2015 to under 40% by 2035.

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Chrysler to introduce PHEV models in 2016 and 2017 to meet ZEV requirements; new FCA gasoline engine family coming in 2015

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FCA also plans to consolidate its small gasoline engine lineup with a new family to be launched in 2015. FCA and the industry in general have made great strides in improving the efficiency of the internal combustion engine. Much more progress will come as gasoline and diesel engine technologies converge. —Bob Lee.

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EIA STEO projects higher US crude production, increases in travel and gasoline demand

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In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 of total gasoline consumption. million barrels per day (b/d) in 2016, will average 9.2

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Ford 1.0L EcoBoost wins 3rd consecutive Int’l Engine Of The Year; VW 1.4L TSI takes 9th straight win; Tesla the Best Green Engine

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liter EcoBoost engine ( earlier post ) was named 2014 International Engine of the Year for the third consecutive year. Available in Ford Fiesta and the upcoming 2015 Focus, the 1.0L The Best Green Engine Award this year went to the Tesla Model S electric powertrain. liter turbo gasoline engine. Volkswagen’s 1.4-liter

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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

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A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014. Although some 1.3

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