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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

Oil 186
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2019 NTEA Fleet Purchasing Outlook reveals continued strong demand for biodiesel in diesel trucks

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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.

Purchase 207
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TransCanada terminates Energy East Pipeline and Eastern Mainline projects

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TransCanada Corporation is halting the application process for its proposed Energy East Pipeline and Eastern Mainline projects in Canada. Energy East was to have been a 4,500-kilometer pipeline that would have transported approximately 1.1 Transcanada began the application process in 2013, when oil prices were substantially higher.

Energy 150
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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. There is pressure to make European standards even more aggressive.

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IHS Markit: Canadian oil sands production exceeds pre-pandemic levels, but lower than prior projections

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Even prior to the pandemic, IHS Markit expected the coming decade to be one of sustained-but-slower growth for the oil sands, with transportation constraints such as a lack of adequate pipeline capacity and the resulting sense of price insecurity in western Canada weighing on new large-scale incremental investments.

Oil-Sands 170
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CAPP forecasts oil sands development still drives steady Canadian oil production growth to 2030

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However, the new forecast represents a slowing of future oil sands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 CAPP does not forecast oil prices.

Oil-Sands 199
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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.

2010 256