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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in non-OECD Asia. Other significant findings of IEO2019 include: Manufacturing centers are shifting toward Africa and South Asia, especially India, resulting in energy consumption growth in those regions.

Asia 220
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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 While diesel cracks eased month-on-month in May, both jet fuel and gasoline cracks surged as demand picked up seasonally. While diesel cracks eased month-on-month in May, both jet fuel and gasoline cracks surged as demand picked up seasonally. mb/d and 1.9

Oil 210
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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

Brazil 218
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EIA: US exported record amounts of petroleum products in the first half of 2022

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US petroleum product exports increased in the first half of 2022 by 11% (596,000 b/d) compared with the first half of 2021—the fastest growth rate for that time period since 2017. US exports to Asia have grown rapidly in recent years as consumption of propane as a petrochemical feedstock and consumer demand have both increased.

Russia 284
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Primus Green Energy methanol plant project slated for 2017 in the Marcellus Region

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a gas-to-liquids (GTL) technology and commercial solutions company that transforms methane and other hydrocarbon gases into methanol and gasoline, plans to develop and deliver its 160MT/day methanol plant to a manufacturing site in the Marcellus shale region. Primus Green Energy Inc.,

2017 150
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BNEF: net-zero road transport by 2050 still possible, but big push needed

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Most of this is from electric two- and three-wheelers in Asia, but rising passenger EV sales push this to 2.5 Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. million barrels per day by 2025. Last ICE in 2038.