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API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

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The growth suggested strong road freight transportation activity, API said. Strong global demand raised international oil prices by more than domestic ones. Domestic WTI crude oil prices averaged $66.25 Meanwhile, international Brent crude oil prices continued to increase by more—8.5

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2020 Thanksgiving week gasoline consumption in US lowest since 1997

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Year-on-year comparisons are even more significant at the regional level, with some regions seeing declines of 20% or more from Thanksgiving Week 2019. The data speaks to a major problem for the petroleum industry and oil prices as it recovers from unprecedented demand declines for most of 2020. and 1.1%, respectively.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

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ICCT updates US airline fuel efficiency rankings; Alaska stays on top, American on bottom

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The International Council on Clean Transportation (ICCT) has released its annual update on the fuel efficiency of US airlines. The Fuel Efficiency Score (FES) is a unitless fuel efficiency metric that indicates the transport service provided by an airline per unit fuel consumed relative to other airlines. Earlier post.)

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CAPP forecasts oil sands development still drives steady Canadian oil production growth to 2030

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However, the new forecast represents a slowing of future oil sands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 CAPP does not forecast oil prices.

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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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—Colin McKerracher, lead advanced transportation analyst at BNEF. According to Salim Morsy, senior analyst and author of the study, the central forecast is based on the crude oil price recovering to $50/barrel, and then trending back up to $70 or higher by 2040. —Salim Morsy.

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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Comparison of proposed Keystone XL route to previously proposed project segment. The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska.