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The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. The rebound in Nigerian production is not assured. mb/d currently.

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EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel

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China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). Beginning in August 2021, several COVID-19 outbreaks in China led to mobility restrictions, which in turn reduced domestic demand for petroleum products.

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US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

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Production capacity must be established, and technology, vehicle cost and infrastructure barriers must be addressed to achieve large-scale market introduction. This report provides a progress update toward achieving the goal: The status of vehicle sales and future production volume estimates. Production capacity. Think City EV.

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RedRock Biofuels to supply 3M gallons/year of renewable jet fuel to FedEx through 2024

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Red Rock’s first refinery, funded in part by a $70-million Title III DPA grant from the U.S. In addition to reducing lifecycle carbon emissions, Red Rock’s production process will reduce the risk of devastating forest fires in the western United States by decreasing the amount of waste woody biomass in surrounding forests.

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Australian techno-economic analysis of renewable aviation fuels identifies research priorities to lower the high costs

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The authors presented three process models for production of renewable aviation fuel from microalgae, Pongamia pinnata seeds and sugarcane molasses to produce a minimum selling price for aviation biofuel. Pongamia pinnata is a legume tree which produces a seed rich in oil.) million project.

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SDTC awards Nsolv $13M to commercialize warm solvent technology for heavy oil extraction; 80% reduction in GHG emissions

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Sustainable Development Technology Canada (SDTC) is awarding Nsolv $13 million in grant funding to commercialize its field-tested, proprietary warm solvent technology for in situ heavy oil extraction without the use of steam. Other extraction methods are not currently commercially viable at this scale. The technology.

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EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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This larger resource leads to about double the shale gas production and more than 20% higher total lower-48 natural gas production in 2035, with lower natural gas prices, than was projected in the AEO2010 Reference case. In 2035, the average real price of crude oil in the Reference case is $125 per barrel in 2009 dollars.

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