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EIA forecasts 2023 global production of liquid fuels to exceed 101 MMb/d for first time

Green Car Congress

Energy Information Administration (EIA) increased its forecast for the 2023 Brent crude oil price by 2.5% This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. Despite OPEC+ announcing it would cut crude oil production by 1.2 from its previous forecast. gal and $3.70/gal

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Opinion: Consumers winning with low oil prices, for now

Green Car Congress

Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 quota, with oil already allocated away from the U.S.,

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EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

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The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 In 2009, Asia surpassed North America as the world’s largest petroleum-consuming region as consumption rebounded from its 2008 decline. North America. Source: EIA. Click to enlarge.

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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EIA research indicated that part of the reason for the underestimation of transportation sector consumption of liquid fuels stemmed from the use of methanol and its derivatives that were increasingly added into China’s gasoline and liquefied petroleum gas (LPG) streams. Most of China’s methanol supply is from domestic production.

2000 150
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Junkyard Find: 1987 Chevrolet Sprint ER

The Truth About Cars

If you want to be picky, the 198 6 Sprint ER was the gas-mileage king of 1980s America, rated at 44 city and 53 highway miles per gallon. Even though memories of the gas lines and fuel rationing of 1979 were still vivid by 1987, oil prices crashed hard during the middle 1980s, hitting bottom in 1986. per gallon. It loves to run!

Chevrolet 105
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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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Due to the incremental costs of NGVs, limited fueling infrastructure, reduced utility, and progress on competitive electrification technology, Navigant expects only modest LD NGV demand growth in North America. However, the collapse in global oil prices has eroded a significant portion of the natural gas cost advantage.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. Prices increased in all regions. more as natural gas was diverted to Asia.

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