2019 Economy Oil Prices Price 
Green Car Congress
JANUARY 11, 2023
According to EIA’s January Short-Term Energy Outlook (STEO) , global liquid fuel consumption will exceed 100 million barrels per day, on average, in 2023 for the first time since 2019, then average more than 102 million barrels per day in 2024. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.
Green Car Congress
JANUARY 11, 2023
Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.
Green Car Congress
APRIL 7, 2021
EIA’s annual Summer Fuels Outlook, released today with EIA’s Short-Term Energy Outlook (STEO), expects a 15% increase in US highway travel this summer but still less highway travel than in the summer of 2019. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 gal last summer. gal on 22 March.
Green Car Congress
MARCH 27, 2020
Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 million units. during the global recession in 2008/2009. Europe autos demand for 2020 is set at 15.6
Green Car Congress
APRIL 23, 2018
At present, current global total liquids oil demand is approximately 100 million barrels per day, the report says. With economic growth robust and prices still under pressure, indications are that the current strong global refined product demand growth will continue through to end-2020, averaging 1.1 —Spencer Welch.
Green Car Congress
NOVEMBER 4, 2019
Primary energy intensity—an indicator of how much energy is used by the global economy—improved by just 1.2% in 2018—the slowest rate since 2010—according to Energy Efficiency 2019 , the IEA’s annual report on energy efficiency. In 2018, higher oil prices helped dampen demand for road transport fuels.
Green Car Congress
JUNE 20, 2018
dollar to go up, which is putting downward pressure on prices,” Phil Flynn, analyst at Price Futures Group in Chicago, told Reuters. There are plenty of factors influencing oil prices right now, and the OPEC+ decision expected in a few days will be the single most important driver in the near-term. But the U.S.
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