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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. In 2022, US crude oil production averaged an estimated 11.9 million barrels per day (b/d) in 2023 and 12.8 million b/d.

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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

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The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 Crude oil inventories reached a recent low of 413.9

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EIA: Permian region expected to drive US crude oil production growth through 2019

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The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 million b/d in 2019. This national increase is almost entirely driven by tight oil. million b/d in 2019. million b/d of GOM production in 2019. million b/d in 2019.

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Actual fuel economy of cars and light trucks: 1966-2019

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Specifically, this study examines actual fuel economy of cars and light trucks (pickup trucks, SUVs, and vans) from 1966 through 2019. (My Department of Transportation were the sources of the information for 1986 through 2019. The graph below shows the changes in actual vehicle fuel economy from 1966 through 2019. total Btu).

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US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record

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US crude oil production averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The production decline resulted from reduced drilling activity related to low oil prices in 2020. The production decline resulted from reduced drilling activity related to low oil prices in 2020.

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EIA: US crude oil exports reached record levels in 2020 and remain high in 2021

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Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51 million barrels per day (b/d).

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IKEA, CMA CGM & GoodShipping successfully complete 2019 biofuel test program; HFO-equivalent bio-fuel oil

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This latest development follows the first fueling of a container ship with sustainable biofuel, when the CMA CGM White Shark took on the bunker during a call at the Port of Rotterdam in March 2019. Both applications of the Bio-Fuel Oil showed a positive result, thus proving the technical compatibility of sustainable marine biofuels.

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