2012 and Oil - EV Driven

China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

JULY 23, 2012

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

Oil-Sands

Oil-Sands Oil Canada Gas

EIA: North Dakota oil production reached new high of 770K bpd in 2012; transported by trucks and railroads

Green Car Congress

MARCH 19, 2013

North Dakota crude oil production (including lease condensate) averaged an all-time high of 770,000 barrels per day in December 2012, according to the US Energy Information Administration (EIA). Much of crude oil production in North Dakota is gathered and transported by truck to railcars leaving the state. Source: EIA.

North Dakota

North Dakota 2012 Oil Transportation

Oak Ridge-GM prototype low-viscosity ionic liquid-additized engine oil delivers 2% fuel economy improvement over 5W-30

Green Car Congress

DECEMBER 30, 2013

Prototype low-viscosity ionic liquid-additized engine oil demonstrated a 2% improved fuel economy compared to Mobil 1 5W-30 engine oil (3.93% over the 20W-30 baseline oil) in standard fuel efficiency engine dynamometer tests. 1%) in nonpolar hydrocarbon oils.

Fuel Economy

Fuel Economy Oil Economy Engine

New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

Green Car Congress

APRIL 27, 2012

The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.). —Dr.

Oil-Sands

Oil-Sands Oil Emissions Climate

IHS CERA meta-analysis finds lifecycle GHG emissions for fuel produced solely from oil sands crude average 11% higher than from average crude refined in the US; high variability

Green Car Congress

NOVEMBER 15, 2012

Average values for WTW GHG emissions for oil sands and other crudes, tight boundary. When the oil sands products refined in the United States are considered—a mixture of oil sands and lower-carbon blending components—the GHG emissions are, on average, 9% higher than the average crude processed in the US.

Oil-Sands

Oil-Sands Oil Emissions United States

Neste Oil de-emphasizing microbial oil R&D for renewable diesel; seeking other uses for cellulosic biomass

Green Car Congress

OCTOBER 7, 2014

Despite the decision to de-emphasize microbial oil, Neste Oil emphasized that cellulosic waste will continue to play an important role in its research strategy, adding that it remains committed to its goal of further extending its feedstock base and making greater use of waste and residues in this area in particular.

Oil

Oil Renewable Diesel Waste

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

DECEMBER 16, 2013

quadrillion Btu in 2012 to 12.1 from 2012 to 2040, compared to 1.2% The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. l/100 km) in 2012 to 37.2 l/100 km) in 2012 to 37.2

Oil

Oil Light Energy Vehicles

Sandia researcher calculates likely discharge of 4.9-5.8 million barrels of oil from Deepwater Horizon well

Green Car Congress

APRIL 30, 2012

Calculated cumulative and net oil discharged from MC252. Credit: ACS, Griffiths 2012. Griffiths calculated oil flow rates and cumulative discharge using a physically-based model along with wellhead pressures measured at the blowout preventer (BOP) over the 86-day period following the Deepwater Horizon accident. million barrels.

Oil

Oil 2012 Mariner Mexico

Details on how Enbridge will expand capacity of Alberta Clipper oil sands crude pipeline without US review

Green Car Congress

AUGUST 23, 2014

million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. miles (2.4

Oil-Sands

Oil-Sands Oil Canada United States

EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

Green Car Congress

APRIL 20, 2013

Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

Saudi Arabia

Saudi Arabia Oil Iraq Venezuela

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

Green Car Congress

AUGUST 27, 2013

The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 Between 2008 and 2012, Asia’s consumption increased by 4.4 In 2011 and 2012, higher oil prices and increased fuel efficiency of light-duty vehicles contributed to reduced US consumption.

North America

North America 2012 America Europe

New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Green Car Congress

JUNE 10, 2013

Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.

Oil

Oil Algeria United States Argentina

Geothermal energy in US grew 5% in 2012; California the leader

Green Car Congress

FEBRUARY 15, 2013

Preliminary industry data reveals that year-end geothermal growth in 2012 was up 5% from the previous year, according to the Geothermal Energy Association ( GEA ). In 2012, seven new geothermal projects and additions came online in three different states. Projects and new additions that came online in 2012 include: John L.

2012

2012 California Energy Hawaii

Oil sands GHG lifecycle study using operating data finds lower emitting oil sands cases outperform higher emitting conventional crude cases; a call for more sophisticated tools and reporting

Green Car Congress

JULY 7, 2012

Well-to-wheel (WTW) greenhouse gas emissions for in situ SAGD and surface mining pathways generated employing GHOST/TIAX/ GHGenius combination and comparison with SAGD, mining and conventional crude oil literature pathways (all results are on a HHV basis). 74% of WTW emissions in our oil sands pathways. Credit: ACS, Bergerson et al.

Oil-Sands

Oil-Sands Oil Gas-Electric Emissions

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

NOVEMBER 13, 2013

China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Oil use grows, but in a narrowing set of markets.

Oil

Oil 2013 Energy Emissions

USGS estimates nearly 39 billion barrels of oil undiscovered and technically recoverable in two Arctic petroleum provinces; 275 trillion feet of gas

Green Car Congress

NOVEMBER 28, 2012

The US Arctic Alaska Petroleum Province holds mean estimates of undiscovered, technically recoverable oil and gas resources of nearly 30 billion barrels of oil, about 179 trillion cubic feet of nonassociated gas, and 40 trillion cubic feet of associated gas, according to a new assessment published by the US Geological Survey (USGS).

Oil

Oil Alaska Gas Canada

API: January petroleum demand in US lowest in 18 years

Green Car Congress

FEBRUARY 21, 2013

from January 2012). and for residual fuel oil by 26%, although it rose for other oils by 0.6%. in January compared with the same month in 2012. in January compared with the same month in 2012. from January 2012. from January 2012. Total US crude oil production in January rose above 7.0

2012

2012 Oil Gasoline 2000

Cenovus oil sands production increases 14% in 2013; increasing its rail transport capability

Green Car Congress

FEBRUARY 14, 2014

increased its oil sands production 14% in 2013, from 89,736 barrels per day in 2013 to 102,500 bbls/day in 2013. The increase in production from the company’s oil sands operations in 2013 was largely driven by its Christina Lake project. Economic bitumen best estimate contingent resources increased 2% from 2012 to 9.8

Oil-Sands

Oil-Sands 2013 Oil Transportation

IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

Green Car Congress

JANUARY 3, 2014

An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million tonnes.

Estonia

Estonia Oil Cleaner Jordan

Platts Report: China oil demand rises 2.9% in October from year ago, YTD up 2%

Green Car Congress

NOVEMBER 26, 2014

China’s apparent oil demand in October rose 2.9% Despite the year-over-year increase, China’s apparent oil demand in October slipped 2.5% Meanwhile, total apparent oil demand was 9.96 China’s oil product imports tumbled 22.2% China’s oil product imports tumbled 22.2% Fuel oil apparent demand in October slumped 31.4%

Oil

Oil China Stimulus Chinese

Production of crude oil as a percentage of proved reserves: Recent worldwide and U.S. trends

Green Car Congress

MARCH 26, 2019

In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world and in the United States. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. For the world, production of crude oil in 1987 represented 3.0%

Oil

Oil Production United States 2017

Boeing, COMAC open facility to transform gutter oil into aviation biofuel

Green Car Congress

OCTOBER 22, 2014

of China (COMAC) opened a demonstration facility that will turn waste cooking oil, commonly referred to as “gutter oil” in China, into sustainable aviation biofuel. billion liters) of biofuel could be made annually in China from used cooking oil. Boeing and Commercial Aircraft Corp.

Oil

Oil Waste China Commercial

Iran negotiations, OPEC meeting loom for oil markets

Green Car Congress

NOVEMBER 21, 2014

As November draws to a close, there are two major events that could profoundly change the oil markets. He says a deal is more likely than not due to the enormous financial pressure Iran is experiencing because of falling oil prices. Iran’s oil exports have more than halved from their pre-sanctions level of about 2.5

Iran

Iran Oil Saudi Arabia Market

EPA annual report on CO2, fuel economy and technology trends finds 2012 heading for all-time best; rapid adoption of new technologies

Green Car Congress

MARCH 15, 2013

The US Environmental Protection Agency (EPA) released its annual report summarizing key trends in carbon dioxide emissions, fuel economy, and CO 2 - and fuel economy-related technology for gasoline- and diesel-fueled personal vehicles sold in the United States, from model years (MY) 1975 through 2012. l/100km) or more.

Fuel Economy

Fuel Economy 2012 EPA Economy

ABMI releases first report on biodiversity in Athabasca Oil Sands Area

Green Car Congress

DECEMBER 6, 2013

The Alberta Biodiversity Monitoring Institute (ABMI) released the first comprehensive report on the status of Alberta’s species in the Athabasca Oil Sands Area (AOSA). It also contains the Athabasca oil sands deposit, which represents 77% of Canada’s proven oil reserves and supports a growing energy extraction sector. “

Oil-Sands

Oil-Sands Oil 2010 Canada

DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

Green Car Congress

MARCH 21, 2014

Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. The area will be offered to industry again in 2016 under the current Five Year Offshore Oil and Gas Leasing Program.

Mexico

Mexico Oil Gas Sale

ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

Green Car Congress

MAY 8, 2017

A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Click to enlarge.

Oil

Oil Panama Emissions Fuel

Researchers show oil palm plantation expansion a significant source of CO2; projected to contribute more than all of Canada’s current fossil fuel emissions by 2020

Green Car Congress

OCTOBER 8, 2012

Oil palm supplies more than 30% of world vegetable oil production. The study, published as an open access paper in the journal Nature Climate Change , shows that deforestation for the development of oil palm plantations in Indonesian Borneo is becoming a globally significant source of carbon dioxide emissions.

Oil

Oil 2020 Emissions Indonesia

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

Oil Prices

Oil Prices Oil Price Carbon

DOE: Adjusted for inflation, the price of gasoline in 2019 was similar to the price in 1929

Green Car Congress

DECEMBER 22, 2020

The graph below shows the effect of the oil embargo in the early 1980s. In 2012, prices reached the highest level in both current and constant dollars but began a steep decline thereafter. From 2002 to 2008, the price of gasoline rose substantially, but then fell sharply in 2009 during the economic recession.

Gasoline

Gasoline 2019 Price 2002

California Governor orders end to fracking by 2024, instructs CARB to analyze pathways to phase out oil-production by 2045

Green Car Congress

APRIL 25, 2021

Additionally, Governor Newsom requested that the California Air Resources Board (CARB) analyze pathways to phase out oil extraction across the state by no later than 2045. California’s production of oil has been steadily dropping since 1985. According to the California Energy Commission, California oil represented 34.9%

Oil

Oil California Production Climate Change

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Green Car Congress

SEPTEMBER 10, 2014

Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). oil shale), and refinery gain. OPEC oil producers are the largest source of additional liquid fuel supply between 2010 and 2040.

Asia

Asia Transportation Oil-Sands Oil Prices

ExxonMobil starts up $2B Beaumont refinery expansion, adding 250k barrels per day capacity

Green Car Congress

MARCH 23, 2023

Supported by the company’s growing crude production in the Permian Basin, the project is the largest refinery expansion since 2012. The BLADE (Beaumont Light Atmospheric Distillation Expansion) project built a third crude unit within the facility’s existing footprint to expand light crude oil refining.

Delaware

Delaware Oil 2012 Light

EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

Green Car Congress

MAY 13, 2014

Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. Under the Energy Saving and New Energy Vehicle Plan for 2012 to 2020 released in 2012, average passenger car fuel economy is targeted to increase to 34 miles per gallon (6.9 Source: EIA.

Alternative Fuels

Alternative Fuels Oil China Fuel

Major spill from the ExxonMobil Pegasus pipeline in Arkansas

Green Car Congress

MARCH 31, 2013

A breach in ExxonMobil’s Pegasus crude oil pipeline occurred late Friday afternoon near Mayflower, AR (about 20 miles north northwest of Little Rock and at the southeastern end of the Lake Conway reservoir). Efforts are being made to keep oil away from Lake Conway. Route of the Pegasus pipeline. Source: ExxonMobil. Click to enlarge.

Arkansas

Arkansas Oil Montana Wyoming

Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

Green Car Congress

NOVEMBER 10, 2014

Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Shell invested in multiple rounds and formed a JV with Iogen, but terminated the JV in 2012.

Alternative Fuels

Alternative Fuels Oil Chevron Fuel

EPA trends report sees record levels of average new vehicle fuel economy and CO2 emissions for MY 2012; role of new gasoline vehicle technologies

Green Car Congress

DECEMBER 13, 2013

The final model year (MY) 2012 adjusted, real world CO 2 emissions rate is 376 g/mi—a 22 g/mi decrease (-5.5%) relative to MY 2011. MY 2012 adjusted fuel economy is 23.6 mpg fuel economy improvement from MY 2011 to MY 2012 is the second largest annual improvement in the last 30 years. Click to enlarge. mpg, or 22%.

Fuel Economy

Fuel Economy 2012 Economy EPA

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

Green Car Congress

JULY 17, 2012

Source: Knittel and Smith (2012). t margin for oil refiners. Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased. Results from Du/Hayes are indicated by the large square. Click to enlarge.

Davis

Davis MIT Gasoline 2010

EIA: biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast

Green Car Congress

JUNE 15, 2023

Consumption of distillate fuel oil in the US West Coast, as measured by product supplied, decreased to its lowest level since 2002 last year and continues its decline this year, according to the latest “This Week in Petroleum” report from the US Energy Information Administration (EIA).

Oil

Oil Fuel 2002 Diesel

Woodside approves investment in $7.2B Trion development in deepwater Gulf of Mexico; first oil in 2028

Green Car Congress

JUNE 23, 2023

First oil is targeted for 2028. Trion was discovered in 2012 by PEMEX. Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. The resource will be developed through a floating production unit (FPU) with an oil production capacity of 100,000 barrels per day.

Mexico

Mexico Oil Water Gas

ExxonMobil to invest >$1B in Antwerp refinery to convert heavy, higher sulfur residual oil into diesel, other products

Green Car Congress

JULY 2, 2014

plans to invest more than $1 billion to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher sulfur residual oils into transportation fuels products such as marine gasoil and diesel fuel. The investment addresses an industry shortfall in capability to convert fuel oil to products such as diesel.

Convert

Convert Oil Diesel Production

Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled

Green Car Congress

AUGUST 22, 2012

Total subsidies for renewable energy stood at $66 billion in 2010 (a 10% increase from the year before); the total value of global fossil fuel subsidies is estimated at between $775 billion and more than $1 trillion in 2012, Two thirds of the renewable energy subsidies went to renewable electricity resources and the remaining third to biofuels.

Renewable

Renewable International Fuel Energy

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

JULY 16, 2017

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

Oil

Oil Libya Nigeria Saudi Arabia

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

Green Car Congress

DECEMBER 21, 2013

from November 2012 to average 19.4 from November 2012 to average slightly more than 8.9 for “other oils.” from November 2012 as most refineries came back up from their scheduled turnaround and maintenance in the prior month. from November 2012 to an all-time high of 5.1 from November 2012 to just over 8.0

Gasoline

Gasoline 2012 Oil Gas

China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

EIA: North Dakota oil production reached new high of 770K bpd in 2012; transported by trucks and railroads

Trending Sources

Oak Ridge-GM prototype low-viscosity ionic liquid-additized engine oil delivers 2% fuel economy improvement over 5W-30

New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

IHS CERA meta-analysis finds lifecycle GHG emissions for fuel produced solely from oil sands crude average 11% higher than from average crude refined in the US; high variability

Neste Oil de-emphasizing microbial oil R&D for renewable diesel; seeking other uses for cellulosic biomass

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Sandia researcher calculates likely discharge of 4.9-5.8 million barrels of oil from Deepwater Horizon well

Details on how Enbridge will expand capacity of Alberta Clipper oil sands crude pipeline without US review

EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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

New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Geothermal energy in US grew 5% in 2012; California the leader

Oil sands GHG lifecycle study using operating data finds lower emitting oil sands cases outperform higher emitting conventional crude cases; a call for more sophisticated tools and reporting

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

USGS estimates nearly 39 billion barrels of oil undiscovered and technically recoverable in two Arctic petroleum provinces; 275 trillion feet of gas

API: January petroleum demand in US lowest in 18 years

Cenovus oil sands production increases 14% in 2013; increasing its rail transport capability

IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

Platts Report: China oil demand rises 2.9% in October from year ago, YTD up 2%

Production of crude oil as a percentage of proved reserves: Recent worldwide and U.S. trends

Boeing, COMAC open facility to transform gutter oil into aviation biofuel

Iran negotiations, OPEC meeting loom for oil markets

EPA annual report on CO2, fuel economy and technology trends finds 2012 heading for all-time best; rapid adoption of new technologies

ABMI releases first report on biodiversity in Athabasca Oil Sands Area

DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

Researchers show oil palm plantation expansion a significant source of CO2; projected to contribute more than all of Canada’s current fossil fuel emissions by 2020

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

DOE: Adjusted for inflation, the price of gasoline in 2019 was similar to the price in 1929

California Governor orders end to fracking by 2024, instructs CARB to analyze pathways to phase out oil-production by 2045

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

ExxonMobil starts up $2B Beaumont refinery expansion, adding 250k barrels per day capacity

EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

Major spill from the ExxonMobil Pegasus pipeline in Arkansas

Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

EPA trends report sees record levels of average new vehicle fuel economy and CO2 emissions for MY 2012; role of new gasoline vehicle technologies

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

EIA: biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast

Woodside approves investment in $7.2B Trion development in deepwater Gulf of Mexico; first oil in 2028

ExxonMobil to invest >$1B in Antwerp refinery to convert heavy, higher sulfur residual oil into diesel, other products

Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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

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