Green Car Congress

MAY 11, 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 US coal production will total 598 million short tons in 2022, which is a 3% increase from 2021.

Oil 344

Oil Price Production Oil Prices 344

Green Car Congress

MARCH 10, 2021

US crude oil production averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The 2020 decrease in production was the largest annual decline in the EIA’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020.

Oil 418

Oil 2020 North Dakota New Mexico 418

Green Car Congress

JUNE 16, 2021

In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI).

Oil 243

Oil Global Price Production 243

Green Car Congress

APRIL 13, 2023

Energy Information Administration (EIA) increased its forecast for the 2023 Brent crude oil price by 2.5% This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. Despite OPEC+ announcing it would cut crude oil production by 1.2 gal and $3.70/gal

Global 210

Global Fuel Production South America 210

Green Car Congress

APRIL 20, 2022

The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 per gallon this summer driving season—April through September—compared with last summer’s average price of $3.06/gal. Source: US Energy Information Administration, Short-Term Energy Outlook (STEO).

Gasoline 259

Gasoline 2014 Diesel Price 259

Green Car Congress

JULY 21, 2021

Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51

Oil 418

Oil 2020 Oil Prices 2015 418

Green Car Congress

APRIL 29, 2022

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). Energy Information Administration, based on data from China General Administration of Customs, as compiled by Bloomberg, L.P.

Oil 370

Oil Gasoline China Diesel 370

Green Car Congress

DECEMBER 11, 2014

Add to that a new report from the US government’s Energy Information Administration (EIA), which also cut its 2015 forecast for growth in global oil demand by 240,000 barrels per day, down to 880,000 barrels per day. In fact this year’s price plunge hasn’t hurt just the weaker OPEC members. Market Background Oil'

Oil Prices 199

Oil Prices Oil 2015 Price 199

Green Car Congress

AUGUST 24, 2018

The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018. EIA expects Permian regional production to average 3.3 million b/d in 2019.

2019 236

2019 Oil Production 2018 236

Green Car Congress

MARCH 5, 2015

Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Right now they say that that is not on the cards, and why would they cut back?

Oil Prices 150

Oil Prices Oil Price Saudi Arabia 150

Green Car Congress

JUNE 23, 2011

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Current product flow at Kern River field. Data: California DOGGR.

Chevron 244

Chevron Oil Oil-Sands Production 244

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.

2020 191

2020 Commercial Global Production 191

Green Car Congress

OCTOBER 7, 2021

The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

Global 259

Global Energy Emissions Asia 259

Green Car Congress

MAY 24, 2022

On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 gal increase from January 3, according to the US Energy Information Administration (EIA). Prices of distillate fuels change with the price of crude oil and with developments specific to distillate product markets.

Diesel 259

Diesel Price California Philadelphia 259

Green Car Congress

JULY 18, 2020

The PODA model is a machine-learning-based model to project the US gasoline demand using COVID-19 pandemic data, government policies and demographic information. In the PODA model, the potential induced travel demand due to the lower oil prices under the COVID-19 pandemic is not explicitly considered. —Ou et al.

Gasoline 505

Gasoline Motor Motors Motoring 505

Green Car Congress

JULY 8, 2021

As outlined in its current Short-Term Energy Outlook , the US Energy Information Administration (EIA) estimates that global consumption of petroleum and liquid fuels averaged 92.3 EIA forecasts regular-grade gasoline prices to average $2.92/gal million barrels per day (b/d) for all of 2020, down by 8.6 million b/d from 2019.

2019 243

2019 Global Fuel Gasoline-Electric 243

Green Car Congress

SEPTEMBER 8, 2022

The US Energy Information Administration (EIA) expects higher-than-average natural gas prices globally as demand remains high this winter in the United States, Europe, and Asia, and inventories remain low. EIA continues to forecast a decrease in average US natural gas prices in 2023, as production increases.

Gas 150

Gas Price Global Gas-Electric 150

Green Car Congress

DECEMBER 8, 2020

The OPIS survey tracks actual gallons moved out of retail stations and it features sharper losses than those reported by the Energy Information Administration (EIA). 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.

Gasoline 321

Gasoline 2020 Wyoming New Jersey 321

Green Car Congress

NOVEMBER 23, 2017

In January 2015 Sasol announced it was delaying a final investment decision on the proposed project near Lake Charles, Louisiana to conserve cash in response to lower oil prices. Sasol’s foundation businesses are cash positive at a US$40 per barrel oil price. —Stephen Cornell.

Oil Prices 150

Oil Prices Louisiana South Africa Oil 150

Green Car Congress

APRIL 11, 2017

In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 EIA expects that domestic refinery production, including gasoline blendstock output, will be about 20,000 b/d lower this summer than last summer.

Gasoline 150

Gasoline Production Gasoline-Electric Oil 150

Green Car Congress

OCTOBER 2, 2019

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil 199

Oil Gas Oil Prices Water 199

Green Car Congress

MARCH 8, 2017

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

Oil Prices 170

Oil Prices Saudi Arabia Oil Price 170

Green Car Congress

APRIL 10, 2015

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. It also has the fifth largest proven crude oil reserves in the world.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

JANUARY 5, 2019

However, a rapid price decline beginning in October led to US average regular gasoline prices ending the year lower than they began for the first time since 2015, according to the US Energy Information Administration (EIA). In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal

Gasoline 236

Gasoline San Francisco Price 2017 236

Green Car Congress

APRIL 13, 2012

The ratio between the spot prices of crude oil and natural gas has been generally increasing since January 2009, but it has climbed rapidly in recent months, according to data from the US Energy Information Administration (EIA). The crude oil-to-natural gas spot price ratio has implications for production and consumption.

Oil 255

Oil Gas Price Oil Prices 255

Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

Oil 276

Oil Global 2003 2007 276

Green Car Congress

DECEMBER 17, 2014

The average US household will spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years, according to projections by the US Energy Information Administration (EIA). Gasoline prices are forecast to go even lower in 2015.

2015 210

2015 Gasoline Fuel Economy MPG 210

Green Car Congress

APRIL 14, 2015

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. With greater U.S.

2020 150

2020 Energy Transportation Oil Prices 150

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. Retail gasoline prices recently reached their highest levels in almost two years, hitting an average of $2.87/gal gal on 22 March.

2019 186

2019 Fuel Coal Motor 186

Baua Electric

MARCH 14, 2024

State-owned oil marketing companies will cut the prices of petrol and diesel across the country by Rs 2 from March 15, 6 am, as per social media posts by the Ministry of Petroleum and Natural Gas and Minister Hardeep Singh Puri on X today. New prices would be effective from 15th March 2024, 06:00 AM,” the ministry said on X. “By

Petrol 52

Petrol Diesel Price Oil 52

Green Car Congress

FEBRUARY 23, 2017

China is the global leader in methanol use and has recently expanded its methanol production capacity. These changes were driven by an analysis of methanol use in China and the incorporation of more detailed information on the refined product markets in China and other non-OECD countries.

2000 150

2000 2016 Fuel China 150

Green Car Congress

AUGUST 27, 2013

The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 In 2011 and 2012, higher oil prices and increased fuel efficiency of light-duty vehicles contributed to reduced US consumption. Year-on-year changes in petroleum consumption by region.

North America 261

North America 2012 America Europe 261

Green Car Congress

OCTOBER 16, 2011

Uncertainty range of the aviation GHG emissions under the High Oil price scenario (the most optimistic for biojet adoption), given in a box plot depicting the minimum, quartile, and maximum values. They excluded soybean out of concern to the disruption on food production and effects of land-use change. Click to enlarge.

Emissions 225

Emissions Oil Prices 2005 Fuel 225

Green Car Congress

DECEMBER 16, 2013

Reflecting slow growth in travel and accelerated vehicle efficiency improvements, US light-duty vehicle (LDV, cars and light trucks) energy use will decline sharply between 2012 and 2040, according to the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2014 (AEO2014) Reference case released today. Tcf in 2012 to 2.1

Oil 290

Oil Light Energy Vehicles 290

Green Car Congress

SEPTEMBER 20, 2011

Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).

Oil-Sands 220

Oil-Sands Oil 2008 Oil Prices 220

Green Car Congress

JULY 25, 2013

The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. World production of non-petroleum liquids, which in 2010 totaled only 1.6

2010 317

2010 Transportation Fuel Energy 317

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150