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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. Our forecast for global consumption of petroleum depends on uncertain economic conditions—especially in China. —EIA Administrator Joe DeCarolis.

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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. and China account for more than half of all carbon dioxide emissions globally.

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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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IHS Markit projects for first time that 2050 global refined product demand will be lower than 2019 levels

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For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. Under the new IHS Markit Inflections base case scenario, global refined product demand is expected to peak in 2036. MMbd), placing it below 2019 baseline levels.

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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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.

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Toyota Gen5 RAV4 increases performance, decreases fuel consumption; hybrid models to come in March 2019

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Toyota has introduced the fifth-generation 2019 Toyota RAV4. Gasoline models arrive next month, and RAV4 Hybrid models follow in late March 2019. 2019 RAV4 Hybrid. The 2019 RAV4 105.9-inch Power and efficiency both make a leap in the 2019 RAV4 with the new Dynamic Force 2.5-liter comes standard. inches (181.5

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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million barrels per day set in 2019. Low global oil inventories coupled with continued high demand for gasoline, diesel, and other petroleum products means that increased production likely won’t have much impact on prices in the short term. of US electricity generation this summer, up from 9.6% and by 1.5% in summer 2021.

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