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EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

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In 2022, both low global distillate fuel inventories and high crude oil prices have been contributing to higher global distillate prices. million barrels on 13 May—47% lower than their previous five-year (2017–21) average for this time of year.

Diesel 259
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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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An increase in Saudi oil production could also be incentivized by expectations that restrictions on burning of fossil fuel will intensify in the future, as importing states impose policies aimed at mitigating greenhouse gas emissions causing climate change. Climate risk could also weigh into a decision to raise output.

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Pike Research forecasts global biofuels market value to double to $185B by 2021

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between 2017 and 2021, as a combination of higher oil prices, emerging mandate. The report identifies a number of key trends, including: Oil prices are expected to climb over the next decade, driving increased interest in. BGPY worldwide, representing a 127% increase over 2010 production volumes and an 8.4%

Global 225
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MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

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The expected influx of large amounts of alcohol-based fuels and fuels derived from unconventional petroleum over the next decade may cause long-term world oil prices to be between 5 and 12% lower than they would be in the absence of those fuels. million bpd.

MIT 250
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. —WEO 2011. Click to enlarge.

Oil 247
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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. emissions is not taken before 2017, all the allowable CO 2. — WEO-2012. 450 Scenario. If action to reduce CO 2.

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