Green Car Congress

MARCH 6, 2018

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.

Brazil 218

Brazil Norway Oil Canada 218

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 5, 2023

EIA projects that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support US production. It also assumes the Brent crude oil price reaches $101 per barrel (b) (in 2022 dollars) by 2050.

International 273

International Oil Prices Production Oil 273

Green Car Congress

JUNE 8, 2021

the United States exported more petroleum than it imported. This includes crude oil and petroleum products. Total petroleum products supplied is the sum of the products supplied for each petroleum product, crude oil, unfinished oils, and gasoline blending components. Net imports peaked in 2005 at 12.5

2020 389

2020 2005 Oil United States 389

Green Car Congress

MARCH 10, 2020

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

Oil 300

Oil 2020 Global Market 300

Green Car Congress

APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S.

Oil 150

Oil Supplies Oil Prices 2017 150

Green Car Congress

NOVEMBER 15, 2014

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

Oil 257

Oil Iraq Oil-Sands Supplies 257

Green Car Congress

APRIL 1, 2020

IHS Markit Crude Oil Markets service expects up to 10 MMb/d of world oil production will be cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall. If oil cannot be sold or stored, it cannot be produced. Something has to give. And it will.

Saudi Arabia 186

Saudi Arabia Oil Production Russia 186

Green Car Congress

AUGUST 7, 2020

Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. bbl in 2020 and $49.25/bbl bbl in 2021—up $7.09/bbl bbl and $5.25/bbl,

Saudi Arabia 186

Saudi Arabia Oil Prices Oil Price 186

Green Car Congress

NOVEMBER 11, 2022

Strong demand for ultra-low sulfur diesel (ULSD) in October, combined with reduced global production, has resulted in lower ULSD inventories in the United States, according to the US Energy Information Administration (EIA). ULSD is the most widely consumed form of distillate fuel oil.

Diesel 195

Diesel Price United States Oil 195

Green Car Congress

MAY 30, 2018

Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline.

Oil Prices 220

Oil Prices Gasoline Oil Price 220

Green Car Congress

JULY 21, 2022

In the United States, refining capacity has decreased by about 1.1 Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. million b/d in 2022 and by an additional 1.6 million b/d in 2023.

Global 448

Global China Kuwait Oman 448

Green Car Congress

MAY 22, 2020

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.

Oil 186

Oil Canada Oil-Sands Production 186

Green Car Congress

AUGUST 10, 2022

The United States has also consumed more natural gas to meet electricity demand so far this summer than the previous five-year average. Other key takeaways from the August 2022 STEO forecast include: EIA expects US crude oil production to average 12.7 million barrels per day for the month. million barrels per day for the month.

Gas-Electric 273

Gas-Electric United States Solar Gas 273

Green Car Congress

MAY 29, 2023

billion in capital investment and supply 423+ full-time employees for operations. Total economic impact for the first decade of operations of the facility to the Cushing area and the state of Oklahoma is estimated to be more than $18 billion. Cushing is the most significant trading hub for oil in North America.

Oklahoma 170

Oklahoma Denver Energy Oil 170

Green Car Congress

DECEMBER 12, 2021

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. Investment slumped by 30% in 2020.

Price 416

Price Oil Asia Gas 416

Green Car Congress

APRIL 2, 2017

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. The so-called balance of supply and demand has always been a moving target, a race to the top in which the two run neck and neck.

Oil 250

Oil Saudi Arabia 2007 Supplies 250

Green Car Congress

AUGUST 15, 2018

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. sanctions on Iranian oil. The Saudis are also cutting their prices to the prized Asian market to lure more customers as they increase supply. efforts to curb Iranian production.

Saudi Arabia 150

Saudi Arabia Iran Oil Prices Oil 150

Green Car Congress

OCTOBER 26, 2017

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. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said.

Oil Prices 170

Oil Prices Oil Libya Iraq 170

Green Car Congress

AUGUST 28, 2022

As part of the Federal Government’s response to a fire and shutdown at the bp Whiting Refinery in Whiting, Indiana, US Environmental Protection Agency (EPA) Administrator Michael Regan issued an emergency fuel waiver to help alleviate fuel shortages in four states the supply of gasoline of which has been impacted by the refinery shutdown.

EPA 334

EPA Indiana Fuel Wisconsin 334

Green Car Congress

DECEMBER 11, 2013

The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 Global oil supplies increased by 310 kb/d in November to 92.3 Year-on-year, November supplies rose by 810 kb/d, as a 1.9 mb/d in 2014.

United Arab Emirates 220

United Arab Emirates 2014 Oil Supplies 220

Green Car Congress

JUNE 10, 2013

Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.

Oil 281

Oil Algeria United States Argentina 281

Green Car Congress

JANUARY 19, 2022

The International Council on Clean Transportation (ICCT) has released a report prepared by the consultancy Cerulogy that explores the potential market and environmental impacts of increased capacity for renewable diesel produced by hydrotreating oils and fats in the US. —from the report, “Animal, vegetable or mineral (oil)?”.

Renewable 243

Renewable Diesel Production Oil 243

Green Car Congress

APRIL 20, 2013

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).

Saudi Arabia 262

Saudi Arabia Oil Iraq Venezuela 262

Green Car Congress

FEBRUARY 2, 2022

have entered into a long-term strategic offtake and market development agreement that will see bp, or its affiliates, purchase Nuseed Carinata oil to process or sell into growing markets for the production of sustainable biofuels. bp is already an active participant in the biofuels supply chain. million barrels a year in 2022.

Carbon 170

Carbon Market North America South America 170

Green Car Congress

APRIL 21, 2022

The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel?

China 416

China Energy Indonesia Power Grid 416

Green Car Congress

DECEMBER 10, 2015

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. And that is going to severely hurt an all but invisible group; strippers in the United States. billion barrels of oil and 18.8

Oil Prices 150

Oil Prices Oil Price 2002 150

Green Car Congress

SEPTEMBER 14, 2021

Upon completion of the project, Kinder Morgan’s Harvey, Louisiana facility will serve as the primary hub where Neste will store a variety of raw materials including, for example, the used cooking oil it collects from more than 40,000 restaurants across the United States. —Jeremy Baines, President of Neste US.

Renewable 320

Renewable Fuel San Francisco Polymer 320

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6

Oil 261

Oil Oil-Sands Price Production 261

Green Car Congress

MARCH 31, 2014

Five states (Texas, North Dakota, California, Alaska, and Oklahoma) and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013, according to the US Energy Information Administration (EIA). Click to enlarge.

North Dakota 220

North Dakota Mexico Oil Oklahoma 220

Green Car Congress

OCTOBER 5, 2021

to continue supplying the fuel at more than 60 propane-dispensing stores in the state. The California Air Resources Board (ARB) has carbon intensity values for renewable propane produced from fats/oils/grease residues (all produced by REG Geismar) ranging from 20.50 Earlier post.) gCO 2 /MJ to 43.50 gCO 2 /MJ, and diesel 100.45

Store 243

Store Renewable California San Diego 243

Green Car Congress

MAY 24, 2022

Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. Prices of distillate fuels change with the price of crude oil and with developments specific to distillate product markets. per gallon (gal)—a $2.00/gal

Diesel 259

Diesel Price California Philadelphia 259

Green Car Congress

FEBRUARY 5, 2019

Honeywell UOP’s Ecofining technology has been successfully deployed at multiple locations globally and currently is used to produce about 30% of the global supply of renewable diesel fuels. With the addition of NEXT’s planned capacity the Ecofining process will account for over 50% of the global supply of these fuels.

Renewable 268

Renewable Purchase Diesel Fuel 268

Green Car Congress

DECEMBER 4, 2018

Based on these technological capabilities, SK innovation has signed supply contracts with major automakers including Hyundai Motor Group, BAIC Group and Daimler AG. The company says that the new investment will provide opportunities for it to bring its products to additional automakers in the United States.

Georgia 285

Georgia Manufacturer Building Lithium Ion 285

Green Car Congress

NOVEMBER 27, 2019

Plug Power says that its customers are currently the largest users of liquid hydrogen in the United States. Plug Power expects its European business to grow by more than 60% per year for the next five years.

Spain 186

Spain Plug-in Hydrogen Plug 186

Green Car Congress

JULY 16, 2017

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

Oil 186

Oil Libya Nigeria Qatar 186

Green Car Congress

JUNE 17, 2015

Exxon Mobil has started production at its Kearl oil sands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6 Earlier post.).

Oil-Sands 150

Oil-Sands Oil Angola Nigeria 150