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EIA: US crude oil exports reached record levels in 2020 and remain high in 2021

Green Car Congress

Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51 million barrels per day (b/d).

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Athabasca Oil Corporation green-lights $536M Hangingstone SAGD oil sands project

Green Car Congress

The Board of Directors of Canada-based Athabasca Oil Corporation has given the go-ahead to the company’s $536-million Hangingstone 1 SAGD (steam-assisted gravity drainage) Project; the company also reaffirmed that its Light Oil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4%

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ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

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At the same time, total miles traveled per year by cars, sport utility vehicles (SUVs) and light trucks will increase about 60%, reaching about 14 trillion in 2040. As personal mobility increases, average new-car fuel economy (including SUVs and light trucks) will improve as well, rising from about 30 miles per gallon (7.83

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

Green Car Congress

Eni’s proprietary Eni Slurry Technology (EST) is able to convert refining residues entirely into high-quality light products, eliminating both liquid and solid refining residues with significant environmental benefits. Eni slurry technology: A new process for heavy oil upgrading.” Eni opened its first plant based on EST in 2013.

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NADA forecasts light-duty vehicle sales of 16.94M in US in 2015; 56% trucks and SUVs

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Low gasoline prices and pent-up consumer demand will combine to drive new car and light truck sales to an estimated 16.94 million in 2015, according to the National Automobile Dealers Association. million new cars and light trucks for 2014 was on target. in 2015, with the potential for growth to exceed that level.

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CAR: US light-duty vehicle sales to dip in 2019

Green Car Congress

The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. million units for 2019. million units in 2021.

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