Green Car Congress
APRIL 29, 2022
China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). China’s crude oil processing has also declined because relatively high crude oil prices are making importing crude oil more expensive.
Green Car Congress
AUGUST 12, 2015
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. million barrels of low sulfur diesel to the European and Asian markets.
Green Car Congress
JANUARY 5, 2018
US regular retail gasoline prices averaged $2.41 per gallon in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal less than in 2015, according to the US Energy Information Administration (EIA). Higher crude oil prices in 2017 contributed to higher gasoline prices. gal at some point in the year.
Green Car Congress
DECEMBER 28, 2015
million vehicles in 2015 to 3.9 between 2015 and 2025. However, the collapse in global oil prices has eroded a significant portion of the natural gas cost advantage. In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5%
Green Car Congress
NOVEMBER 4, 2019
In 2018 final demand (total final consumption) grew by 2.2%, continuing an increasing trend since 2015, driven by strong growth in energy-intensive industries. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5% in 2018, a trend that has continued since 2015 when demand grew by 2.5%.
Green Car Congress
APRIL 14, 2015
The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. With greater U.S.
Green Car Congress
FEBRUARY 25, 2016
This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014. The research estimates that the growth of EVs will mean they represent a quarter of the cars on the road by that date, displacing 13 million barrels per day of crude oil but using 1,900 TWh of electricity.
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