article thumbnail

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. World oil production fell for the first time since 2009 by 6.6 Oil consumption also dropped for the first time since 2009 by a massive 9.1 The oil price (Dated Brent) averaged $41.84/bbl million b/d).

2020 397
article thumbnail

S&P Global: absolute GHGs from Canadian oil sands did not increase in 2022 even as production grew

Green Car Congress

Absolute greenhouse gas emissions from Canadian oil sands production were flat in 2022 even as total production grew, according to an initial analysis by S&P Global Commodity Insights. The Canadian oil sands have demonstrated a consistent trend of reductions in GHG intensity for the past decade. kgCO 2 e/bbl per year or about 1.8%.

Oil-Sands 195
article thumbnail

IHS Markit: oil sands greenhouse gas intensity declined 20% over past decade

Green Car Congress

New research by the IHS Markit Canadian Oil Sands Dialogue shows that the combined greenhouse gas (GHG) intensity of Canadian oil sands projects has declined 20% from 2009 levels. The latest data show that the greenhouse gas intensity of Canadian oil sands going down further, continuing a decade-long trend.

Oil-Sands 250
article thumbnail

IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

Green Car Congress

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

Oil 300
article thumbnail

Looking to get in a hybrid for cheap? Used Toyota Prius 1.5 HSD 2004-2009 Review

Green Car Congress

Used Priuses, especially the Generation 2 that were made from 2004 to 2009 are becoming a bargain to buy, especially for the MPG and features you get in return. Power steering is electric and as a result we don’t need to check the power steering oil level as there isn’t any. Priuses can burn oil. How did it all start?

2004 409
article thumbnail

S&P Global report forecasts absolute emissions from Canadian oil sands to decline even as production grows

Green Car Congress

By the middle of this decade greenhouse gas (GHG) emissions from Canadian oil sands production should be in decline even as production continues to grow, according to a new comprehensive report by S&P Global Commodity Insights that takes into account current technology trends and production growth. million barrels per day during this period.

Oil-Sands 186
article thumbnail

IHS Markit: 10 MMb/d of oil production cuts coming

Green Car Congress

IHS Markit Crude Oil Markets service expects up to 10 MMb/d of world oil production will be cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall. If oil cannot be sold or stored, it cannot be produced. Something has to give. And it will.