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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 US crude oil production then fell to 9.7

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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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IHS Markit: oil price collapse will change trajectory of North American gas supply

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The trajectory of North American gas supply is set to change radically as a result of the fall in oil prices that has occurred due to COVID-19 and the breakdown in production cooperation between OPEC and Russia, according to IHS Markit. Associated gas is regular natural gas that is produced together with oil out of the same well.

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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. million b/d—surpassing 2019 levels. million b/d (12%) from 2019 consumption. million b/d (12%) from 2019 consumption. million b/d in 2022, which would surpass the 2019 level. million barrels per day (b/d) for all of 2020, down by 8.6 million b/d in 2021. million b/d in 2022 to 101.4

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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

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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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Neste to supply the Air France-KLM Group with more than 1M tons of Sustainable Aviation Fuel

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Neste will supply the Air France-KLM Group with more than 1,000,000 tons (approximately 1.26 The Air France-KLM Group (AF-KLM) and Neste expanded their existing cooperation with this new strategic partnership for the supply of Neste MY Sustainable Aviation Fuel to the Group.

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