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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

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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Opinion: There Is No Such Thing As Peak Oil Demand

Green Car Congress

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
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Neste Oil achieves its palm oil certification target two years early

Green Car Congress

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.

Oil 231
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US exports of petroleum products up more than 60% since 2007 as markets become more globally integrated

Green Car Congress

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 publishes updated info about crude palm oil suppliers; feedstock for renewable diesel

Green Car Congress

Neste has published updated information about all its crude palm oil suppliers on the company’s website. The data covers the entire supply chain—i.e. all companies, mills, and estates that supplied Neste with crude palm oil in 2016.

Oil 150
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Neste-led project verified 50% methane emission reduction at palm oil mills using belt filter press

Green Car Congress

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
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EPA proposes Renewable Fuel Standard (RFS) volumes for 2023-2025; seeking input on future modifications

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This proposal includes steady growth of biofuels for use in the nation’s fuel supply for 2023, 2024, and 2025. Because the Energy Independence and Security Act of 2007 (EISA) does not include volumes after 2022, this is the first time that EPA is setting these proposed biofuel volume targets without using those outlined in statute.

EPA 210