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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. “ —Gabriel Collins.

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The Next Oil Price Spike May Cripple The Industry

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Two diametrically opposed views dominate the current debate about where the oil price is heading. Based on this, our assessment is that the electrification of transport will only slow down oil demand growth during the 2020s. Why an oil price spike would be bad for the industry. Since (non-U.S.

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API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

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The first four months of this year also saw US petroleum demand average 750,000 barrels a day above the same period in 2017 despite higher prices. Total petroleum products delivered to the domestic market in April 2018 were 20,308,000 b/d—a seasonal decrease of 1.5% Domestic WTI crude oil prices averaged $66.25

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IEA: global energy efficiency progress drops to slowest rate since start of decade

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Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. in 2018—the slowest rate since 2010—according to Energy Efficiency 2019 , the IEA’s annual report on energy efficiency.

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EIA STEO projects higher US crude production, increases in travel and gasoline demand

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In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million b/d in 2018. High oil and coal production also could contribute to diesel consumption growth, EIA notes. million b/d in 2017 and 9.9

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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The large decline in LDV energy consumption in AEO2014 shrinks the LDV modal share of total transportation energy consumption from 60% in 2012 to 47% in 2040. quadrillion Btu in AEO2013, and represents the largest growth among all transportation modes. Transportation energy consumption is considerably lower in AEO2014 (25.5

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