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EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel

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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). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%

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EIA: US household gasoline expenditures in 2015 tracking to be lowest in 11 years

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The average US household will spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years, according to projections by the US Energy Information Administration (EIA). Gasoline prices are forecast to go even lower in 2015.

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Oil price tumbles after OPEC releases 2015 forecast

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The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 Abhishek Deshpande, an oil market analyst at Natixis, agreed.

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Neste Oil to invest €65M to enhance high-octane gasoline production at Porvoo

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Neste Oil has decided to build an isomerization unit at its Porvoo refinery. The investment, valued at approximately €65 million (US$88 million), is intended to increase the output of high-octane gasoline and improve refining flexibility at the site. The isomerization unit will have a capacity of 600,000 t/a.

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DOE: US average EV CO2e/year is 4,815 lbs, vs. 11,435 lbs for average gasoline car

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The national average is 4,815 pounds (2,184 kg) of CO 2 -equivalent emissions for a typical EV per year as compared to the average gasoline-powered car which produces 11,435 pounds (5,187 kg) of CO 2 -equivalent emissions annually. Annual well-to-wheel emissions from a typical ev by state, 2015. Source: DOE. Click to enlarge.

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Chrysler to introduce PHEV models in 2016 and 2017 to meet ZEV requirements; new FCA gasoline engine family coming in 2015

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FCA also plans to consolidate its small gasoline engine lineup with a new family to be launched in 2015. Much more progress will come as gasoline and diesel engine technologies converge. FCA will start the global roll out of a new small gasoline engine family in 2015 which incorporates these new and emerging technologies.

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ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

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Transportation fuel mix in millions of oil-equivalent barrels through 2020. Diesel will surpass gasoline as the number one transportation fuel worldwide by 2020 and continue to increase its share through 2040, according to ExxonMobil’s recently published Outlook For Energy: A View To 2040. Source: ExxonMobil Outlook. Click to enlarge.

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