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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

Analysts say rising oil prices benefited the company’s petrochemical business, helping to offset losses from its battery unit SK On, which has been facing weaker electric vehicle (EV) battery demand. . Inflation Reduction Act,” said Kang Dong-jin, an analyst at Hyundai Motor Securities. rise as of 0336 GMT.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. ” The team suggests that this may be the last extension for the credit.

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

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in 2014 as a result of industrial overcapacity and weakness in the real estate sector. With a strong exit to 2014, and gasoline prices currently plunging, consumers may feel even more positive throughout 2015. Light vehicle sales in Canada set an annual record in 2014 that is scheduled to be broken once again in 2015.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Some other key findings of the AEO2014 Reference case include: Low natural gas prices boost natural gas-intensive industries. Industrial shipments are expected to grow at 3.0% Bulk chemicals and metals-based durables account for much of the increased growth in industrial shipments. Pipeline exports to Canada grow by 1.2%

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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The DOS SEIS accordingly takes a detailed look at life-cycle greenhouse gas emissions of petroleum products from Western Canadian Sedimentary Basin (WCSB) oil sands crudes compared with reference crudes and the potential impact the pipeline might have on climate change as well as on the future development of the oils sands resource in Canada.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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It is estimated that approximately 180,000 bpd of Canadian crude oil is already traveling by rail, and industry investments in rail are increasing. The dominant drivers of oil sands development are more global than any single infrastructure project. million bpd.

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