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

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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. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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China’s Oil & Gas Giant Sinopec Says Peak Oil Demand Already Happened In China

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Half of the world's economy has already reached peak gasoline and diesel demand while electric vehicle deliveries in every segment are shooting through the roof.

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Sinopec Xinjiang Kuqa green hydrogen pilot project enters operation

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China Petroleum & Chemical Corporation (Sinopec) announced that the Green Hydrogen Pilot Project in Xinjiang Uygur Autonomous Region in northwest China, has begun producing green hydrogen to replace natural-gas-based hydrogen in its refinery in Xinjiang. million tons per year, gasoline and diesel hydro-fining capacity of 2.4

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Ideanomics’ Mobile Energy Group and Petro China partner to develop clean energy fuel stations in Nanjing

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and its strategic Mobile Energy Group (MEG) announced a strategic partnership with the China National Petroleum Corporation Nanjing (CNPC or PetroChina) to begin converting existing fossil fuel gas stations in the city of Nanjing. PetroChina operates gas stations throughout Jiangsu province. Ideanomics Inc.

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Study suggests China urban passenger transport emissions could peak in 2030

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A team of researchers in China suggest that, in the context of promoting the use of clean fuel vehicles and increasing vehicle fuel efficiency, CO 2 emissions of China’s urban passenger transport sector could reach a peak of 225 MtCO 2 in 2030. A paper on their study appears in the journal Energy Policy. —Li and Yu.

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Big Oil Betting On Electric Vehicles

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Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Maybe even decline. ”.

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