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

Green Car Congress

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.

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

Green Car Congress

EIA expects sustained global demand for petroleum products and Saudi Arabia’s extended voluntary production cuts will contribute to oil prices rising through the year. The Brent crude oil price was near $75 per barrel at the beginning of July and increased throughout the month to surpass $86 per barrel on 4 August.

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Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers

Green Car Congress

There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. We could easily see the oil rig count down 100 by the end of the year, or more.” It may actually be Canada’s oil sands that end up being the first victim, the Wall Street Journal reports.

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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4

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VW eGolf supply, rising oil prices in 2020, and an electric double-decker bus: Today's Car News

Green Car Reports

Analysts forecast oil prices may double by 2020. And Ontario, Canada, ends a rebate program for electric cars and chargers. The Volkswagen eGolf is in extremely short supply. Los Angeles introduces the first electric double-decker bus. All of this and more on Green Car Reports.

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S&P Global Commodity Insights raises 10-year production outlook for Canadian oil sands

Green Car Congress

The new forecast, produced by the S&P Global Commodity Insights Oil Sands Dialogue , expects Canadian oil sands production to reach 3.7 Higher oil prices have driven record returns for the Canadian oil sands. Optimizations now dominate the S&P Global Commodity Insights oil sands production growth outlook.

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2019 NTEA Fleet Purchasing Outlook reveals continued strong demand for biodiesel in diesel trucks

Green Car Congress

Insights from NTEA’s Fleet Purchasing Outlook , provided by fleet professionals across the United States and Canada, give the entire work truck industry perspective on anticipated purchasing intent and areas of greatest interest to fleet managers.

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