Green Car Congress
JULY 21, 2021
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
Green Car Congress
MARCH 10, 2021
US crude oil production averaged 11.3 million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 million b/d in 2019, according to the US Energy Information Administration (EIA). The 2020 decrease in production was the largest annual decline in the EIA’s records. million b/d.
Green Car Congress
DECEMBER 8, 2020
The OPIS survey tracks actual gallons moved out of retail stations and it features sharper losses than those reported by the Energy Information Administration (EIA). The data speaks to a major problem for the petroleum industry and oil prices as it recovers from unprecedented demand declines for most of 2020.
Green Car Congress
JANUARY 23, 2022
After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 US crude oil production dropped slightly, by an estimated 1%, in 2021, but EIA expects it to increase by 6% in 2022 and 5% in 2023. quadrillion British thermal units.
Green Car Congress
APRIL 29, 2022
China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). Energy Information Administration, based on data from China General Administration of Customs, as compiled by Bloomberg, L.P. increase from 2020.
Green Car Congress
JULY 18, 2020
The PODA model is a machine-learning-based model to project the US gasoline demand using COVID-19 pandemic data, government policies and demographic information. Therefore, beyond the immediate economic responses, the longer-term impact on the US economy may persist well beyond 2020. —Ou et al.
Green Car Congress
APRIL 18, 2020
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 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.
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