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EIA expects US petroleum trade to shift toward net imports during 2022

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In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020, according to the US Energy Information Administration (EIA). million b/d. million b/d.

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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

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Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. in 2010 and 2011, respectively. in 2010 and 2011, respectively. t margin for oil refiners. Results from Du/Hayes are indicated by the large square. Click to enlarge.

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Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

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Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. The world is nearing a paradigm shift in oil demand. Lindemer LLC.

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China Gasoline Exports Rose Nearly 68% in First Half of 2010

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China’s gasoline and diesel exports rose by nearly 68% and 22%, respectively, in the first half of 2010 compared with the same period last year, according to the statistics released by the China Petroleum and Chemical Industry Association. Qi Yuqin, an oil analyst from the sci99.com Qi Yuqin, an oil analyst from the sci99.com

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API: 1H 2010 US Gasoline Demand 0.6% Lower Than Last Year; Distillate Demand Up 2.1%

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Reflecting the ongoing sluggish economic recovery, US gasoline deliveries for the first half of 2010 averaged 8.88 June gasoline deliveries of 9.18 June gasoline deliveries of 9.18 million barrels per day in 2010; June low-sulfur distillate deliveries surged 12.3% million barrels per day for June 2010.

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API: US petroleum demand rose 4.9% in November; gasoline up 5.4%

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Demand for gasoline rose 5.4% for “other oils.” Gasoline production rose 3.1% This was the second-highest output on record and just 63 thousand barrels per day below the all-time high set in July 2010. For year-to-date, gasoline production increased by 2.1% Crude oil stocks fell 1.0% to just under 4.0

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US demand for petroleum up 2.3% in 2010

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in December 2010 against the same month in 2009 and up 2.3% for 2010 compared with 2009, according to the American Petroleum Institute (API). Both gasoline and diesel deliveries were up for full year 2010 over 2009, gasoline by 0.6% Also, US refiners set a record for annual gasoline production.

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