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API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

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April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. Total petroleum products delivered to the domestic market in April 2018 were 20,308,000 b/d—a seasonal decrease of 1.5% This was the strongest April monthly demand since 2007. MBD) on record.

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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. Refined product demand growth has averaged 1.2

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API: US petroleum demand last month highest for October since 2007; 19.9 mbpd

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These were the highest October deliveries since 2007. Gasoline production was up from the prior month, but was down from the prior year and the prior year-to-date. Gasoline production was up from the prior month, but was down from the prior year and the prior year-to-date. For year-to-date, gasoline production decreased 1.5%

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

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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. Earlier post.).

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Solazyme announces successful commissioning of integrated renewable oil production biorefinery in Peoria, Illinois

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announced the successful commissioning of its first fully integrated biorefinery (IBR) in Peoria, Illinois, to produce algal oil. Solazyme has been running routine fermentations at commercial scale since 2007 and began running fermentation operations at the Peoria facility in Q4 2011. Solazyme, Inc. Solazyme, Inc.

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Neste Oil achieves its palm oil certification target two years early

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Neste Oil has achieved its long-term target of using only certified palm oil as an input for its renewable diesel (NExBTL) production process. The original target, set in 2009, was that 100% of the raw palm oil used would be certified by the end of 2015.

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