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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 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). million barrels per day this year and 12.8

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

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China’s Oil & Gas Giant Sinopec Says Peak Oil Demand Already Happened In China

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Half of the world's economy has already reached peak gasoline and diesel demand while electric vehicle deliveries in every segment are shooting through the roof.

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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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Sinopec Xinjiang Kuqa green hydrogen pilot project enters operation

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Green hydrogen is produced by facilities powered by renewable power sources such as solar and wind energy, minimizing the carbon footprint across the entire production process. Tahe has crude oil processing capacity of 5 million tons per year, coking capacity of 2.6 million tons per year, gasoline and diesel hydro-fining capacity of 2.4

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 on 30 June to $61.60

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DOE awards $17M to FY 2014 SBIR Phase II projects; includes Si/graphene anodes, motor windings, exhaust treatments

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Vehicle technologies span a range from new Si/graphene Li-ion anode materials and composites for motor windings to diesel aftertreatment and advanced lubricants. NO x Sensor for Diesel Engine Emissions Systems. These additives decrease clumping of nanoparticles in the oil and improve friction and wear properties.

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