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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. For diesel fuel, EIA expects retail prices to average $2.91/gal gal this summer, up from an average of $2.43/gal gal last summer.

2019 186
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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

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to just over $38 billion, which contrasts to the mid-year view where semiconductor revenues were expected to drop 20% by year end compared to 2019. billion, a healthy compound annual growth rate of 7% from 2019 to 2026. IHS Markit now expects semiconductor revenue to contract in 2020 by -9.6%

2020 170
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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

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China’s NEV industry began to recover in the second quarter of this year from the impact of the Covid-19 outbreak, which started in late January, supported by government stimulus measures to encourage production and sales of such vehicles.

Price 170
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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data. —Glen Peters, a Research Director at the CICERO Center for International Climate Research.

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IHS Markit: global auto sales to drop 22% this year

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million units, a drop of 15% from 2019 levels. Europe will see mixed recovery cycles, as a result of local restrictions and varied economic support and stimulus. million-unit decline from 2019, according to the latest IHS Markit forecast. million in 2019. million in 2019. million in 2019. million units.

Global 150
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 million units, in the wake of the COVID-19 pandemic. The relative strength of the March data compared to February suggests many plants may be online near full capacity again.

2020 191
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IEA: global carbon dioxide emissions have rebounded strongly

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After hitting a low in April, global emissions rebounded strongly and rose above 2019 levels in December. If governments don’t move quickly with the right energy policies, this could put at risk the world’s historic opportunity to make 2019 the definitive peak in global emissions. China was the only major economy that grew in 2020.

Emissions 433