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IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

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The low levels in discoveries come as a result of a pullback during the past 10 years in the wildcat drilling that targets conventional oil and gas plays—most drastically after oil prices collapsed in 2014. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

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EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

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In 2009, Asia surpassed North America as the world’s largest petroleum-consuming region as consumption rebounded from its 2008 decline. The rapidly industrializing economies of China and India fueled much of Asia’s demand increase, growing 2.8 Year-on-year changes in petroleum consumption by region. Source: EIA. Click to enlarge.

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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. of all global fuel for road transportation—an increase from 2% in 2009, according to the report. billion liters abroad, a 300% increase over 2009.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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The China policy response to assist the commercial-vehicle industry has been broad, with a variety of direct and indirect supports announced, locally and nationally. The local industry is already recovering, with commercial vehicle plants re-opened. However, restrictions are expected to ease through May. —Andrej Divis.

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

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Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 during the global recession in 2008/2009. million units.

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GAO Report Concludes Industry and Government Face Significant Challenges in Meeting RFS Target While Minimizing Unintended Adverse Effects; Suggests Federal Research Give Priority to Non-Ethanol Biofuels

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A report recently published by the US Government Accountability Office (GAO) concludes that the US biofuels industry and federal agencies will face significant challenges in meeting the more demanding requirements for volumes of advanced biofuels in RFS2 while minimizing any unintended adverse effects. specifies this year.

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Heard At The Show: Snippets from SAE 2009 World Congress

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As the industry grapples with reducing weight without reducing attributes like size, safety or performance they are going to need to increase the use of lightweight materials. Honda believes it will be a help in climbing stairs or industrial operations that require a lot of squatting. How much does it cost to save weight?

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