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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. mb/d this year, world oil demand is forecast to expand by 2.2 mb/d to 101.6

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Platts Report: China oil demand rises 2.9% in October from year ago, YTD up 2%

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China’s apparent oil demand in October rose 2.9% million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data. Despite the year-over-year increase, China’s apparent oil demand in October slipped 2.5% Meanwhile, total apparent oil demand was 9.96 year over year to 42.65

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EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

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Consumption of gasoline in China grew from 0.9 Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. Source: EIA.

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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

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Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Less active oil majors in this space include ExxonMobil and ConocoPhillips.

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Platts Report: China oil demand up 5.3% in December to historic high; overall demand in 2014 increased 3%

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China’s apparent oil demand in December rose 5.3% million barrels per day (b/d)—the highest absolute demand on record—according to a just-released Platts analysis of Chinese government data. China’s apparent oil demand in 2014 rose 3% from a year before to an average of 10.1 year over year to 44.96 million mt.

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Esterification of Soybean Bio-oil for Drop-in Fuels

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Researchers from the Chinese Academy of Forestry have demonstrated an alternative technique for the production of drop-in fuels via the esterification of bio-oil produced by the cracking of soybean oil over a basic catalyst in a continuous pyrolysis reactor at atmospheric pressure. Bioresource Technology doi: 10.1016/j.biortech.2010.06.147.

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