Green Car Congress
MAY 22, 2019
Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “
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). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%
Green Car Congress
AUGUST 27, 2013
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. Between 2008 and 2012, Asia’s consumption increased by 4.4
Green Car Congress
JUNE 18, 2022
While diesel cracks eased month-on-month in May, both jet fuel and gasoline cracks surged as demand picked up seasonally. Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. Higher oil prices and a weaker economic outlook continue to temper IEA’s oil demand growth expectations.
Green Car Congress
DECEMBER 28, 2015
Navigant expects Asia Pacific to remain the largest market, with more than 1.56 Navigant expects that with a wider gap between natural and liquid fuel prices and more aggressive incentives, Western Europe and to a lesser degree Asia Pacific, will continue to see NGV growth, but at a lower rate than previous projections.
Green Car Congress
FEBRUARY 23, 2017
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.
Green Car Congress
JUNE 13, 2012
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. more as natural gas was diverted to Asia. Prices increased in all regions.
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