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

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 in the commercial sector. US coal production will total 598 million short tons in 2022, which is a 3% increase from 2021.

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US Shale Is Immune To An Oil Price Crash In 2017

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Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement. oil production,” the consultancy noted.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 Most commercial vehicle factories in mainland China have returned to production. million units, in the wake of the COVID-19 pandemic.

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IHS Markit says outlook for crude oil prices strengthens through 2021

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Phase II of the recovery (the “just-in-time oil market” phase) is a delicate transition phase in which surplus inventories are worked down in parallel with rising supply as spare supply capacity returns from Vienna Alliance and North American producers.

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ICCT report finds expected surge in renewable diesel production could have damaging environmental impacts due to feedstock demand

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According to the report prepared by Dr Chris Malins and Dr Cato Sanford, if all of these announced plans come to fruition, renewable diesel production capacity in the US would increase from just under 1 billion gallon a year to more than 5 billion gallons per year by 2024. —from the report, “Animal, vegetable or mineral (oil)?”.

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Oxford Catalysts to supply 1,000 bpd commercial GTL plant

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Oxford Catalysts Group PLC has been selected to supply Calumet Specialty Product Partners, L.P. with a commercial, 1,000 barrel-per-day (bpd) Gas-to-Liquids (GTL) plant to be located at its Karns City, Pennsylvania facility. Any remaining funding will be provided by Calumet’s other project partners.

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SDTC awards Nsolv $13M to commercialize warm solvent technology for heavy oil extraction; 80% reduction in GHG emissions

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Sustainable Development Technology Canada (SDTC) is awarding Nsolv $13 million in grant funding to commercialize its field-tested, proprietary warm solvent technology for in situ heavy oil extraction without the use of steam. Other extraction methods are not currently commercially viable at this scale. The technology.

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