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IEA: key oil trends 2018

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Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% in 2018 compared to 2017, reaching a record total monthly production of over 100 million tons at the beginning of the year and remaining above this for almost all of 2018, according to the IEA.

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IC Bus fulfills largest propane bus order to date

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Minimal revving reduces engine wear, oil usage and maintenance, while increasing durability and efficiency. The buses are being built at the IC Bus assembly plant in Tulsa, Oklahoma. Deliveries began in June 2016 and will be complete this summer in time for back-to-school transportation needs in the 2016-2017 school year.

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DOE to award up to $13M to four advanced biofuels projects

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In the United States, the transportation sector accounts for two-thirds of total US oil consumption and about one-third of total anthropogenic greenhouse gas emissions. DOE is continuing to pursue the development of these renewable biofuels, with the goal of producing cost-competitive drop-in biofuels at $3 per gallon by 2017.

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OSU team developing Gas and Biomass to Liquids (GBTL) technology for production of liquid hydrocarbons

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Researchers at Oklahoma State University are developing a novel natural Gas and Biomass to Liquids (GBTL) technology that will synergistically use biomass (e.g. Bio-oil produced from biomass fast pyrolysis technology can be converted into hydrocarbons; however, this process is challenging due to the instability of bio-oil.

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Marathon acquires additional Eagle Ford Shale assets for $3.5B

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Marathon Oil Corporation has reached a definitive agreement with Hilcorp Resources Holdings, LP to purchase its assets in the core of the Eagle Ford shale formation in Texas in a transaction valued at $3.5 billion subject to closing adjustments, customary terms and conditions, and Hart-Scott-Rodino approval.

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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quadrillion Btu in 2025, due to incorporation of the model year 2017 to 2025 GHG and CAFE standards for LDVs. AEO2013 offers a number of other key findings, including: Crude oil production , especially from tight oil plays, rises sharply over the next decade. Domestic oil production will rise to 7.5 Overall findings.

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US State Department issues Presidential Permit to TransCanada for Keystone XL

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The permit authorizes TransCanada to construct, to connect, to operate, and to maintain pipeline facilities at the US-Canadian border in Phillips County, Montana for the importation of crude oil. An application to the Nebraska Public Service Commission in early 2017 for approval of its proposed routing in Nebraska. Earlier post.)