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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 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 million b/d, with 1.2

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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

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The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. EIA expects Brazil’s production to increase from 3.7 million b/d) in 2021. million b/d in 2021 to 3.9

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Acelen to invest $2.44 billion over 10 years to produce renewable diesel and SAF in Brazil

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Brazil’s Acelen will invest more than R$12 billion (US$2.44 billion) over the next 10 years in the production of renewable diesel and sustainable aviation fuel (SAF) through the hydrotreatment of vegetable oils and animal fat. The company is expected to start production in the first quarter of 2026. million vehicles.

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Octillion becomes official battery supplier for FNM electric trucks in Brazil

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Li-ion battery provider Octillion Power Systems is working with the reborn FNM (now Fábrica Nacional de Mobilidades) in Brazil to produce battery-electric trucks; FNM has selected Octillion as the official battery supplier for the coming lineup. FNM was founded in 1942 and was the first truck manufacturer in Brazil.

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ArcelorMittal Tubarão, Brazil first ResponsibleSteel steelmaking site in Latin America

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The company manufactures flat steel products—primarily hot-rolled plates and coils—for both domestic and international markets. Launched in 2015, ResponsibleSteel sets global standards for sustainability performance and promotes the certification of steel chain companies through a network of independent certification bodies.

Brazil 259
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BP forming 50:50 biofuels JV with Bunge in Brazil; growing existing biofuels business >50%

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BP will combine its Brazilian biofuels and biopower businesses with that of Bunge to create a world-scale, highly-efficient producer of sugarcane ethanol in Brazil: BP Bunge Bioenergia. Brazil is the world’s second-largest and most integrated market for ethanol as a transportation fuel with demand forecast to grow rapidly.

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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

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