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EIA: US average gasoline prices before Memorial Day highest since 2014

Green Car Congress

The average retail price for regular gasoline in the United States on 24 May, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to the US Energy Information Administration’s (EIA’s) weekly Gasoline and Diesel Fuel Update.

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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

Green Car Congress

The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. —Miettinen et al. Earlier post.).

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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China is the global leader in methanol use and has recently expanded its methanol production capacity. Annual methanol consumption in China, 2000-16. 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.

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US April petroleum demand up despite weak gasoline deliveries; 2nd lowest April petroleum demand in 17 years; production up

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Gasoline demand fell 3.9% from April 2012 to its lowest April level since 2000. Consumer confidence has improved and distillate deliveries are up, but gasoline demand remains weak. Gasoline demand averaged 8.5 Kerosine-jet fuel demand was down 1.8 %, and residual fuel oil demand was down by 22.8%. from this March.

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Petrobras CEO says company will grow production to 5.7 mboe/day by 2020

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Speaking at the Offshore Technology Conference (OTC) in Houston , Petrobras CEO Maria das Graças Silva Foster said that the Brazilian oil and gas company’s reserves will double in size by 2020. Production, which was 2.2 million barrels of oil equivalent (oil and natural gas) per day in 2012, is expected to reach 5.7

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API: US Gasoline Production Hits April Record, Demand Rises

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US gasoline production jumped to 9.1 million barrels per day for April 2010, the highest April level ever and the second-highest gasoline production level for any month on record behind only March 2010 ( earlier post ), according to the American Petroleum Institute’s (API) Monthly Statistical Report. from April 2009.

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US exports of petroleum products up more than 60% since 2007 as markets become more globally integrated

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Total US exports of finished petroleum products have increased more than 60% since 2007 as markets have become more globally integrated, according to the US Energy Information Administration (EIA). This trend is driven primarily by finished motor gasoline and distillate fuel oil which are increasingly exported to Latin America.

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