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Production of crude oil as a percentage of proved reserves: Recent worldwide and US trends

Green Car Congress

In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world overall and in the United States alone. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. For the world, production of crude oil in 1980 represented 3.4%

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Eni and RenOils to boost collection of used cooking oil for biofuel production

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Eni and RenOils, the Italian national vegetable and animal oils and fats Consortium established in 2016 to ensure the correct management of the collection, transport, storage, processing and reuse of vegetable oils and animal fats, are promoting the recovery of used cooking oils (UCO) for biofuel production.

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How crude-oil prices influence gasoline prices

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Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. for a 10-day lag.

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Neste Oil strengthens algae oil procurement program for renewable diesel with a new off-take agreement

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Neste Oil and Renewable Algae Energy (RAE), a US-based algae biomass producer, have signed a contingent commercial algae oil off-take agreement. Algae oil is one of the alternatives being researched by Neste Oil for use as a feedstock for producing NEXBTL renewable diesel in the future.

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Oil Well Strippers Suffering From Low Oil Prices

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With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

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2016 Billion Ton Report shows US could sustainably produce at least 1B tons biomass by 2040 for bioeconomy

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The 2016 Billion-Ton Report , volume 1, updates and expands upon analysis in the 2011 US Billion-Ton Update ( earlier post ), which was preceded by the 2005 US Billion Ton Study ( earlier post ). The Billion Ton 2016 is the third in the series of these Billion Ton reports. and Allegheny Science and Technology).

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