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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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Phillips 66 files LCFS pathway applications for renewable gasoline, CIs from 30.9 to 63.4 gCO2e/MJ

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Phillips 66 Company has applied for three California Low Carbon Fuel Standard (LCFS) Tier 2 fuel pathways for renewable gasoline derived from soybean oil and canola oil. The production process for renewable gasoline consumes hydrogen, electricity, natural gas, and off-gases. gCO 2 e/MJ to 63.35 gCO 2 e/MJ.

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Big Oil Betting On Electric Vehicles

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Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Maybe even decline. ”.

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Sinopec Xinjiang Kuqa green hydrogen pilot project enters operation

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Tahe mainly processes heavy crude oil from Tahe oilfield with 12 refining units, as well as storage and transportation facilities, utilities such as water, electricity and steam, a distributed control system (DCS) for process control. Tahe has crude oil processing capacity of 5 million tons per year, coking capacity of 2.6

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2022 Rogue to feature Nissan’s all-new 1.5-liter VC-Turbo variable compression engine

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Mated with a responsive new transmission, the 2022 Rogue delivers improved power, best-in-class gasoline-engine fuel economy, most standard torque of any gasoline engine in its class and a more thrilling driving experience. which supplies engines and electric motors for all of the company’s US assembled models.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

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President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also continued his calls for the oil industry to increase refinery capacity to increase production.

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Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation

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John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.