Remove 2010 Remove 2016 Remove Global Remove Oil Prices
article thumbnail

IEA: global energy efficiency progress drops to slowest rate since start of decade

Green Car Congress

Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% In 2018, higher oil prices helped dampen demand for road transport fuels.

Global 150
article thumbnail

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

China is the global leader in methanol use and has recently expanded its methanol production capacity. The report estimates consumption to have been more than 500,000 barrels per day (b/d) in 2016. Consumption of MTBE and other derivatives in China was estimated at 230,000 b/d in 2016.

2000 150
article thumbnail

Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

Pike forecasts that the global market for biofuels will increase from $82.7 BGPY worldwide, representing a 127% increase over 2010 production volumes and an 8.4% BGPY worldwide, representing a 127% increase over 2010 production volumes and an 8.4% between 2017 and 2021, as a combination of higher oil prices, emerging mandate.

Global 225
article thumbnail

EIA: US refineries running at record levels; gasoline demand; exports up

Green Car Congress

The rolling four-week average of US gross refinery inputs has been above the previous five-year range (2010-14) every week so far this year. Much of the refinery output is reaching global markets, as net exports are 19% higher this year through May. million b/d in the first quarter of 2016.

Gasoline 150
article thumbnail

BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

Under the new forecast, EVs will displace 8 million barrels of transport fuel per day and add 5% to global electricity consumption (1,800 TWh by 2040 up from 6TWh in 2016). We see a momentous inflection point for the global auto industry in the second half of the 2020s.

PHEV 170
article thumbnail

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. percent in 2010 to 26.6

article thumbnail

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

Net petroleum imports as a share of total US liquid fuels consumed drop from 49% in 2010 to 38% in 2020 and 36% in 2035 in AEO2012. Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1

Oil 210