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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). US coal production will total 598 million short tons in 2022, which is a 3% increase from 2021.

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EIA projects increases in global energy consumption and emissions through 2050

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Renewables will be the primary source for new electricity generation, but natural gas, coal, and increasingly batteries will be used to help meet load and support grid reliability. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

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Updated NETL study provides more detailed economic and environmental assessment of coal-to-liquids and CTL with modest biomass

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The National Energy Technology Laboratory (NETL) has released a follow-on study to its 2009 evaluation of the economic and environmental performance of Coal-to-Liquids (CTL) and CTL with modest amounts of biomass mixed in (15% by weight) for the production of zero-sulfure diesel fuel. This equates to diesel prices in the range of $2.70

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl,

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Syngas Engages Rentech and GE for Clinton Coal and Biomass to Liquids Project in Australia

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Australia’s Syngas Limited has engaged Rentech to provide Fischer-Tropsch fuels production preliminary engineering services for Syngas’ proposed commercial scale coal and biomass to liquids (CBTL) fuels facility in Southern Australia, known as the Clinton Project. Additionally, the Clinton coal fluidizes well.

Coal 218
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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. MMBtu in 2020 to $3.31/MMBtu

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IEA: global energy efficiency progress drops to slowest rate since start of decade

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in 2018, driven in large part by the People’s Republic of China, India and the United States, which were responsible for 70% of demand growth. China continued to implement policies designed to shift households and businesses from coal to gas boilers, mainly for air quality reasons. Global primary energy demand rose by 2.3%

Global 150