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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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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. —Spencer Welch.

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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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US energy-related CO 2 emissions declined by 2.8% in 2019 to 5,130 million metric tons (MMmt), according to data in the US Energy Information Administration’s (EIA) Monthly Energy Review. The changes in US energy-related CO 2 emissions in 2019 offset the increase in 2018. CO 2 emissions had increased by 2.9%

2019 273
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New inventory of black carbon emissions from China finds 2007 levels higher than previously reported

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for year 2007. A new black carbon (BC) emissions inventory from China found BC emissions levels in 2007 of 1,957 Gg BC—higher than reported in earlier studies. 1970); national data from the International Energy Agency (IEA) (1971? 1979); provincial data from the China Energy Statistics Yearbook (CESY) (1980?2007);

2007 271
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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.

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California Energy Commission approves $8M grant for H2 fueling station at Port of Long Beach

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The California Energy Commission approved an $8-million grant to Equilon Enterprises—a fully owned subsidiary of Shell Oil—to develop a high-capacity hydrogen fueling station to service and promote the expansion of zero-emission fuel cell electric Class 8 drayage trucks at the Port of Long Beach.

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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.

2007 273
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Neste-led project verified 50% methane emission reduction at palm oil mills using belt filter press

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Crude palm oil is one of the more than ten renewable raw materials that Neste uses to produce a range of renewable products, including renewable diesel. Palm oil represents approximately 20% of Neste’s renewable raw material usage annually. Increased pressure is created as the belt passes over rollers which decrease in diameter.

Oil 244