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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 by 2023 to 104.7

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EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

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State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

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Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oil sands using different production processes relative to gasoline produced from reference crudes. The top four suppliers were Mexico, Venezuela, Saudi Arabia, and Nigeria. Source: FEIS, Appendix V. Click to enlarge.

Oil-Sands 253
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive projects regional light vehicle sales volume in North America to hit more than 20 million units in 2015, up 2.5% In the United States, IHS Automotive analysts continue to believe the upside risks for auto demand are more apparent than the downside risks. million units. from last year.

2015 150
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IHS CERA meta-analysis finds lifecycle GHG emissions for fuel produced solely from oil sands crude average 11% higher than from average crude refined in the US; high variability

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When the oil sands products refined in the United States are considered—a mixture of oil sands and lower-carbon blending components—the GHG emissions are, on average, 9% higher than the average crude processed in the US. Original mining operations focused on synthetic crude oil (SCO).

Oil-Sands 388
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Electric cars to account for 64 per cent of car sales by 2030

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‘Electric Cars in the United States: A New Model with Forecasts to 2030′ is authored by Thomas Becker, a Berkeley economist who specializes in international and environmental economics. million barrels per day, equivalent to the amount currently imported daily from the Persian Gulf region and Venezuela.

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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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China consolidates its position as the world’s largest energy consumer: it consumes nearly 70% more energy than the United States by 2035, even though, by then, per capita demand in China is still less than half the level in the United States. Biofuels supply triples to the equivalent of more than 4 mb/d, bolstered by $1.4

Oil 247