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EIA expects summer US real gasoline and diesel prices to be the highest since 2014

Green Car Congress

The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 After adjusting for inflation, this summer’s forecast national average price would mark the highest retail gasoline and diesel prices since 2014. US gasoline and diesel consumption continue to remain below their 2019 averages.

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EIA: US exported record amounts of petroleum products in the first half of 2022

Green Car Congress

Nearly all petroleum products contributed to increased exports, and the largest volumes came from distillate fuel oil and hydrocarbon gas liquids (HGLs), which include propane. Distillate fuel oil exports increased by 19% (190,000 b/d) from the first half of 2021 to the first half of 2022.

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. mb/d this year, world oil demand is forecast to expand by 2.2 mb/d to 101.6

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OPEC-Plus agrees to cut oil production 9.7M barrels per day for May and June

Green Car Congress

OPEC-Plus, a group of 23 oil-producing countries that includes Russia, agreed on Sunday to reduce output by 9.7 The agreement also calls for OPEC-Plus members to keep oil production reduced from the current level by 6 million barrels per day through April 2022. The big Oil Deal with OPEC Plus is done. Great deal for all!

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Russia falls further behind in renewable energy as oil keeps Putin in power

Green Car Reports

It's difficult to invest in renewable, alternative sources of energy when state-run oil pays the bills. And it's even harder for renewable energy when gasoline is all but free, courtesy of the same state.

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Senators introduce bill to expand E15 sales, ban Russian petroleum products

Green Car Congress

The bill would put the ban on the importing Russian oil and petroleum products issued under President Biden’s executive order ( earlier post ) into law.). purchases of Russian oil until the president determines Russia recognizes the sovereignty and territorial integrity of Ukraine. Tammy Baldwin (D-Wis.), and Deb Fischer (R-Neb.)

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New process produces high-octane synthetic fuel from low-octane Fischer-Tropsch gasoline

Green Car Congress

A team in Russia has developed a novel and simple strategy to produce high-octane synthetic fuel based on low-octane gasoline Fischer-Tropsch product via new two-stage processes in Fischer-Tropsch synthesis involving isomerization of alkenes and a methoxylation process. A paper on their work is published in the journal Fuel.

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