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EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

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The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 EIA forecasts the Brent crude oil price to increase the rest of 2023 and to approach $90 per barrel in late 2023. per gallon.

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Roskill: graphite prices still rising on high Chinese electricity costs

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Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. Meanwhile, prices for 94% C medium flake remained flat until July but have since risen by 15%.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d) and non-OPEC (-2.3

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

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Sigma Lithium begins construction of foundation and infrastructure for lithium production plant in Brazil

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Canada-based Sigma Lithium Corporation ( earlier post ) has begun construction on site to build the foundation and infrastructure installation of its greentech dense media separation production plant, at its wholly owned Grota do Cirilo project in Brazil. —Ana Cabral-Gardner, co-CEO and lead commercial officer.

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Jervois to acquire SMP nickel & cobalt refinery in Brazil; concentrate from Idaho for refining, cobalt metal back to US

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On Closing, Deposit Payment shall be applied to the purchase price for SMP Refinery. The facility is located in an industrial zone in São Paulo, Brazil. In its last years of operation, approximately 20-30% of metal production was sourced from third-party suppliers outside Brazil. million (US$8.5 million) on Closing.

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Brazil and US to deepen cooperation on energy; aviation biofuels

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Among the statements and agreements emerging from President Obama’s official visit to Brazil and meeting with President Dilma Rousseff were overall support for the US supporting “ the rise of Brazil as a global power ” as well as an agreement to launch a Strategic Energy Dialogue between the two countries.

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