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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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Shell to build one of Europe’s biggest biofuels facilities for SAF and renewable diesel; 820,000 tonnes/year

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Once built, the facility will be among the largest in Europe to produce sustainable aviation fuel (SAF) and renewable diesel made from waste. Hydrogen and high-pressure steam are then used in the production process to convert oils into fuels (hydroprocessing), helping to reduce the fuel’s carbon intensity.

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

CleanTechnica EVs

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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NYC to use REG renewable diesel in more than 1,000 city vehicles, including many sanitation trucks

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The New York City Department of Citywide Administrative Services (DCAS) will, for the first time, use renewable diesel, a low-emissions, 99% petroleum-free fuel, to power more than 1,000 City government vehicles, including in large vehicles such as sanitation trucks. Most renewable diesel use is currently concentrated in California.

Renewable 210
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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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