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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. “ —Gabriel Collins.

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IEA forecasts world oil demand to hit record 101.9 million b/d in 2023; non-OECD to account for 90% of growth

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In its April Oil Market Report , the International Energy Agency (IEA) forecasts that world oil demand will climb by 2 mb/d in 2023 to a record 101.9 Extra cuts by OPEC+ will push world oil supply down 400 kb/d by end of 2023. For the year as a whole, global oil production growth slows to 1.2 mb/d versus 4.6

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Boeing, COMAC open facility to transform gutter oil into aviation biofuel

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of China (COMAC) opened a demonstration facility that will turn waste cooking oil, commonly referred to as “gutter oil” in China, into sustainable aviation biofuel. billion liters) of biofuel could be made annually in China from used cooking oil. Boeing and Commercial Aircraft Corp.

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Sinopec and Airbus to develop Chinese renewable aviation fuel

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Sinopec is the instrumental partner in helping the Central Government to establish a Chinese airworthiness certification for alternative aviation fuels made from locally grown feedstocks. The certified fuel known as “1# bio-jet fuel” will be produced by Sinopec using its own technology in a newly built refinery in Hangzhou (near Shanghai).

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Opinion: China To Continue Expanding Its Influence In The Oil And Gas Sector

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Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia’s oil refining industry as well.

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Oil companies “break the circle”! Total Energy to build tens of thousands of charging piles in China

Setec Powerr

When “replacing oil with electricity” has become a trend, the transportation industry has maintained the era of fuel oil for hundreds of years, but it is also undergoing subversive changes. In addition to Total Energy, many oil giants in transition are also eyeing the charging pile business. who moved the oil cheese.

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Eni licenses EST technology to Sinopec to convert residues to high-quality light products; eliminating pet-coke and fuel oil

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Eni has now sold the licence and basic engineering project to the Chinese company Sinopec for the construction of a refining plant based on EST. The plant will be built at the Sinopec refinery in Maoming, in Guandong province, and is due to be completed by 2020. Eni slurry technology: A new process for heavy oil upgrading.” 614-622.

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