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IEA trims expected growth in oil demand for 2012/2013 by 300K–400K barrels per day

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The International Energy Agency’s August Oil Market Report (OMR) trims 2012/2013 oil demand expectations by 300-400 thousand barrels per day (kb/d), although annual growth remains in an 800-900 kb/d range both years. This follows baseline data revisions and a weaker economic prognosis for 2012/2013. mb/d in 2013.

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

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million barrels per day (bbl/d) in 2003 to more than 2 million bbl/d in 2013, according to figures from the US Energy Information Administration (EIA). Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. Consumption of gasoline in China grew from 0.9

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Platts Report: China oil demand up 5.3% in December to historic high; overall demand in 2014 increased 3%

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China’s apparent oil demand in December rose 5.3% million barrels per day (b/d)—the highest absolute demand on record—according to a just-released Platts analysis of Chinese government data. China’s apparent oil demand in 2014 rose 3% from a year before to an average of 10.1 from 2013 to 172.72 million mt.

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PBL/JRC: Global CO2 emissions increase to new all-time record in 2013, but growth is slowing down

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Global CO 2 emissions from fossil fuel use and cement production reached a new all-time high in 2013, according to the annual report “Trends in global CO2 emissions”, released by PBL Netherlands Environmental Assessment Agency and the European Joint Research Centre (JRC). in 2013, whereas in the EU emissions continued to decrease, by 1.4%

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Saudi Aramco starts Arabian Heavy crude production in Manifa field; 500k bpd by July 2013, 900k bpd by 2014

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The Manifa field’s production capacity is expected to reach 500,000 bpd by July 2013, and is planned to reach its full design capacity of 900,000 bpd of Arabian Heavy crude oil by the end of 2014, while Saudi Aramco’s maximum sustained capacity will be maintained at the level preceding Manifa production.

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Eni licenses EST technology to Sinopec to convert residues to high-quality light products; eliminating pet-coke and fuel oil

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Eni has now sold the licence and basic engineering project to the Chinese company Sinopec for the construction of a refining plant based on EST. The plant will be built at the Sinopec refinery in Maoming, in Guandong province, and is due to be completed by 2020. Eni opened its first plant based on EST in 2013.

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EIA: China is now the world’s largest net importer of petroleum and other liquid fuels

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In September 2013, China’s net imports of petroleum and other liquids exceeded those of the United States on a monthly basis, making it the largest net importer of crude oil and other liquids in the world, according to figures from the US Energy Information Administration (EIA). million barrels per day, primarily from tight oil plays.