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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

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The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. EIA expects Brazil’s production to increase from 3.7 EIA expects Brazil’s production to increase from 3.7

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. Natural gas prices declined to multi-year lows; however, the share of gas in primary energy continued to rise, reaching a record high of 24.7%. World oil production fell for the first time since 2009 by 6.6 The US (-2.3

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China’s first integrated methanol-to-hydrogen and hydrogen refueling service station now in operation

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China Petroleum & Chemical Corporation (Sinopec) officially launched China’s first methanol-to-hydrogen and hydrogen refueling service station in Dalian, China. China produces the most methanol in the world, accounting for 60% of the global total. Sinopec Fuel Oil Sales Co., Sinopec Fuel Oil Sales Co.,

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Zhejiang Methanol Hydrogen and Element 1 partner to deliver hydrogen generation technology to Greater China

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— to drive methanol-based hydrogen generation technology and commercialize e1NA’s technology throughout Greater China. The JV will work with listed companies across China to develop integrated hydrogen production and fueling stations in Qingdao, Wuhan, Jiaxing, Wuxi and other cities.

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

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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.

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GlobalData: China to account for 44% of Asia’s crude oil refining capacity in 2023

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China will drive the majority of growth in the crude oil refining industry in Asia between 2018 and 2023, contributing 44% of Asia’s crude oil refining capacity in 2023, according to GlobalData. China’s planned and announced crude oil refining capacity is expected to increase from 460 mbd in 2018 to 3,721 mbd in 2023.

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