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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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According to the analysis, the current anti-trust campaign environment could alter the relationships among consumers, dealer and OEMs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. million units.

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Researchers Sequence Genome of Sugarcane Ethanol Yeast; Potential for Cellulosic Ethanol

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Researchers from Duke University Medical Center, the University of North Carolina, and Brazil have sequenced the genome of PE-2, a strain of the yeast Saccharomyces cerevisiae that thrives on turning sugarcane into ethanol. When oil prices rose to new highs in the 1970s, Brazil invested in ethanol created from the its sugar cane crops.

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IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

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High oil prices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy. However, this does not imply a new era of oil abundance, the report cautions.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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Chevron is taking its technology learnings from Kern River and apply them to Duri and other major heavy oil fields globally, such as Wafra in the onshore Partitioned Neutral Zone (PNZ) between Kuwait and Saudi Arabia and in the Orinoco in Venezuela. Using thermal recovery processes in heavy oil reservoirs depends largely on.

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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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The IHS Markit report, entitled: “Back to the Basins: International Shorter-Cycle Opportunities,” initially assessed five, short-cycle projects outside the US in mature, late-life basins in Mexico, Nigeria, Egypt, Brazil and the North Sea, and included both shallow water and mature, onshore areas that break even at per-barrel costs under US$40.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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Additional to China, Brazil ($7.6 Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 Investment in developing countries, at $131.3 billion), India ($7.4

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