Green Car Congress
APRIL 7, 2021
The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.
Green Car Congress
SEPTEMBER 22, 2012
Pike Research forecasts that biorefineries globally will attract $170 billion in new capital investment between 2012 and 2022, reaching 81 billion gallons per year (BGY) of installed capacity. thermochemical and hybrid conversion pathways are expected to increase over the remainder of the forecast period. Source: Pike Research.
Green Car Congress
JUNE 1, 2016
Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.
Green Car Congress
JUNE 5, 2011
Canadian oil sands & conventional production. Oil sands growth will drive Canadian crude oil production to about 4.7 million bpd in 2010—a 67% increase— according to the latest forecast from the Canadian Association of Petroleum Producers (CAPP). The forecast sees oil sands production rising from 1.5
Green Car Congress
FEBRUARY 17, 2012
Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 Key trends identified in the report include: Oil prices are expected to climb over the next decade, driving increased interest in. billion in 2011 to $185.3 billion by 2021. However, despite strong.
Green Car Congress
OCTOBER 13, 2011
Pike forecasts that the global market for biofuels will increase from $82.7 between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. billion in 2011 to $185.3
Green Car Congress
APRIL 18, 2020
IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% million units, in the wake of the COVID-19 pandemic.
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