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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

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Global Fuel Economy Initiative launches second 3-year campaign; ICCT joins partnership

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The Global Fuel Economy Initiative ( GFEI ) ( earlier post ) launched its second three-year effort to improve vehicle fuel economy around the world at the International Transport Forum in Leipzig. litres of gasoline equivalent per 100km. —“Global Fuel Economy Initiative Plan of Action 2012-2015.

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IHS Markit projects for first time that 2050 global refined product demand will be lower than 2019 levels

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For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. Under the new IHS Markit Inflections base case scenario, global refined product demand is expected to peak in 2036. This shift is already being reflected in supply-side investment.

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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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New 2019 Toyota Avalon hybrid boosts fuel economy 10% to 44 mpg combined

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Toyota has introduced its new fifth-generation Avalon, based on a Toyota New Global Architecture (TNGA) platform, and powered by two new TNGA powertrains: a 301 hp, 267 lb-ft (362 N·m) 3.5-liter Toyota estimates that the 2019 Avalon Hybrid will boost fuel economy by up to 10% over its MY 2018 predecessor, from 40 mpg (5.88

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million barrels of oil demand per day.

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IHS Markit: GM announcement latest sign that peak gasoline demand from light vehicles has already come and gone

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IHS Markit places the global peak for oil demand (gasoline and diesel) from LVs in 2019 when the demand averaged 29.1 IHS Markit places the global peak for oil demand (gasoline and diesel) from LVs in 2019 when the demand averaged 29.1 of world oil demand in 2020. of world oil demand in 2020.

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