China Economy Information Oil Prices 
Green Car Congress
JANUARY 11, 2023
The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. Areas of uncertainty include Russian oil supply and OPEC production. EIA forecasts US gasoline prices to average around $3.30 per gallon in 2023 and $3.10
Green Car Congress
DECEMBER 11, 2014
The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 by Andy Tully of Oilprice.com.
Green Car Congress
MARCH 27, 2020
MMb/d, according to the US Energy Information Administration (EIA). IHS Markit downgraded its expectations for Mainland China by 2.3 China is expected to show signs of bottoming out through the second half of 2020, but the scale of the economic slowdown will likely lead to some destroyed demand. million units, down by 13.6%
Green Car Congress
AUGUST 27, 2013
The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 The rapidly industrializing economies of China and India fueled much of Asia’s demand increase, growing 2.8 Year-on-year changes in petroleum consumption by region. Source: EIA. Click to enlarge.
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APRIL 18, 2020
These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% China slowly gaining momentum after shutdown. Most commercial vehicle factories in mainland China have returned to production. decline in global real GDP in 2020.
Green Car Congress
APRIL 10, 2015
With announcement of a historic nuclear deal framework between Iran and six global powers: America, France, Britain, China, Russia and Germany on April2, 2015, there is a good possibility that Iranian crude oil exports will increase greatly after June 2015 when the final nuclear deal is signed. Nigeria’s dilemma.
Green Car Congress
SEPTEMBER 20, 2011
Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).
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