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EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

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In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 EIA also forecasts that 2019 crude oil production will rise further to an average of 10.8 US crude oil production averaged an estimated 9.3 million b/d in 2017.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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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. mb/d in 2017.

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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil. oil may not be able to fill.

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The Fed Is Driving Down Oil Prices

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dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. The Bloomberg Dollar Spot Index jumped to 1,187 in early trading on Friday, the highest level since July 2017. by Nick Cunningham of Oilprice.com. But the U.S.

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Lux: China, India lead Asian alternative fuels; targets likely will not be met

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Driven by aggressive mandates, government support and cost advantages, China and India—the world’s two most populous countries—dominate Asia’s alternative fuels landscape, according to Lux Research. of its gasoline in 2017, according to Lux. Among their other findings: India will outpace Asia’s growth in biodiesel.

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Report: Honeywell UOP looking to launch renewable diesel production in India

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The Financial Express reports that Honeywell’s UOP plans to launch its renewable diesel technology in India soon, according to Anjan Ray, regional commercial director, renewable energy and chemicals, UOP. The [India] government targets to achieve blending 20% bio-diesel with petroleum diesel for use as automotive fuel by 2017.

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