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EIA forecasts US fossil fuel production to reach new highs in 2023

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Based on forecasts in its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) expects US fossil fuel production to continue rising in both 2022 and 2023, surpassing production in 2019, to reach a new record in 2023. quadrillion British thermal units. US NGPL production increased by 4% in 2021.

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EIA expects global consumption of liquid fuels to surpass 2019 levels in 2022

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million b/d from 2019. In the EIA forecast, global consumption of liquid fuels rises by an additional 3.7 million b/d—surpassing 2019 levels. million b/d (12%) from 2019 consumption. million b/d (12%) from 2019 consumption. EIA forecasts US liquid fuels consumption will rise to 19.6 gal in 1H20.

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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

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The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. million b/d, according to the forecast. million barrels per day [b/d]) in 2022 and by 2% (0.8 million b/d) in 2021.

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EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

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In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 EIA also forecasts that 2019 crude oil production will rise further to an average of 10.8 million b/d of the forecast 1.2 million b/d in 2019, up from 1.1

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Strategy Analytics forecasts strong growth in automotive sensors driven by EV demand

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Strategy Analytics forecasts that automotive sensor market growth will be driven by an expected increase in demand for electric vehicles. over the 2019 – 2024 timeframe. over the 2019 – 2024 timeframe. The subsequent market for xEV automotive sensors will grow to $1.2 billion by 2027.

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EIA: US crude oil production will increase to new records in 2023 and 2024

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In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 million b/d set in 2019. EIA based the forecast on expectations of crude oil prices and infrastructure capacity additions. million b/d. million b/d in 2023.

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BloombergNEF expects 40% growth in global EV sales in 2019; 2.6M vehicles, 1.5M in China

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million electric vehicles to be sold globally in 2019. China’s market is in transition, and the recent annual doubling of sales every year looks unlikely to hold in 2019. The ‘New Energy Vehicle’ quota takes effect this year but the requirements for 2019 are relatively modest. BloombergNEF (BNEF) expects 2.6

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