Green Car Congress

JUNE 23, 2022

A new analysis by European environmental NGO Transport & Environment finds that Europe burns more than 17,000 tonnes of rapeseed and sunflower oil every day—the equivalent of 19 million 1-liter bottles. T&E has called on governments to prioritize food over fuel and end the use of crop biofuels now. —Maik Marahrens.

Oil 334

Oil Europe Ukraine Egypt 334

Green Car Congress

JANUARY 23, 2022

After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 Of the total US fossil fuel production in 2021, dry natural gas accounted for 46%, the largest share. quadrillion British thermal units.

Coal 448

Coal Production Fuel Oil 448

CleanTechnica EVs

OCTOBER 10, 2022

The oil price shock of 2022 has driven a great deal of new interest in EVs, which has just served to help answer the question of what happens to EV adoption rates when oil and gas prices fluctuate. It has supercharged EV demand, which is ultimately due to the economics of high oil prices, yet […].

Oil 141

Oil Price Oil Prices Gas 141

Green Car Congress

APRIL 20, 2022

The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 per gallon this summer driving season—April through September—compared with last summer’s average price of $3.06/gal. EIA expects higher fuel prices this summer as a result of higher crude oil prices.

Gasoline 259

Gasoline 2014 Diesel Price 259

Green Car Congress

DECEMBER 12, 2021

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. Investment slumped by 30% in 2020.

Price 416

Price Oil Asia Gas 416

Green Car Congress

NOVEMBER 4, 2021

New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.

Oil 305

Oil Carbon Global Market 305

Green Car Congress

MAY 3, 2020

A team from the University of Tennessee and the National Renewable Energy Laboratory (NREL) has the fuel savings due to fuel economy improvements over the past 43 years amount to approximately two trillion gallons of gasoline. Estimated attribution of fuel savings due to fuel economy improvements to light-duty vehicles since 1975.

Fuel Economy 482

Fuel Economy Economy Light 2018 482

Green Car Congress

APRIL 29, 2022

China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%

Oil 370

Oil Gasoline China Diesel 370

Green Car Congress

JUNE 26, 2020

In an EU-funded research project, an international consortium is aiming to develop new production methods for sustainable marine fuels to replace heavy fuel oils in shipping. OWI Science for Fuels gGmbH and TEC4FUELS GmbH are involved in the project as research partners.

Mariner 273

Mariner Oil Fuel Cleaner 273

Green Car Congress

APRIL 13, 2023

Energy Information Administration (EIA) increased its forecast for the 2023 Brent crude oil price by 2.5% This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. Despite OPEC+ announcing it would cut crude oil production by 1.2 from its previous forecast. gal and $3.70/gal

Global 210

Global Fuel Production South America 210

Green Car Congress

DECEMBER 22, 2020

The average annual price of gasoline has fluctuated greatly over the past several decades, but when adjusted for inflation (constant dollars), the price of gasoline in 2019 was only nine cents higher than in 1929, according to the US Department of Energy (DOE). The graph below shows the effect of the oil embargo in the early 1980s.

Gasoline 418

Gasoline Price 2019 2002 418

Green Car Congress

MAY 24, 2022

On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On 16 May, the average retail diesel price was $6.43/gal

Diesel 259

Diesel Price California Philadelphia 259

Green Car Congress

MAY 22, 2019

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

Oil Prices 330

Oil Prices Gasoline-Electric Gasoline Oil 330

Green Energy Consumers

AUGUST 7, 2023

But in recent weeks, we have seen a rise in oil prices. Nationally, gasoline prices have risen almost a penny per day for the last month. In New England, wholesale heating oil prices have risen almost two pennies per day. What’s going on?

Oil Prices 75

Oil Prices Oil Price Gasoline 75

Green Car Congress

OCTOBER 23, 2020

Fossil fuels still receive most of the international government support provided to the energy sector despite their “well-known environmental and public health damage,” according to new research from Rice University’s Baker Institute for Public Policy. —“Fossil Fuel Subsidy Reform Since The Pittsburgh G20: A Lost Decade?”.

Saudi Arabia 397

Saudi Arabia Global Fuel Oil 397

Green Car Congress

JUNE 23, 2022

He also continued his calls for the oil industry to increase refinery capacity to increase production. According to the US Energy Information Administration (EIA), as of 13 June 2022, the average price of US regular gasoline was $5.006 per gallon, up $1.937 from a year ago. (An State gas taxes average another 30 cents per gallon.

Congress 259

Congress Fuel Tax Tax Fuel 259

Green Car Congress

NOVEMBER 11, 2022

ULSD is the most widely consumed form of distillate fuel oil. US inventories of distillate fuel oil have been below the previous five-year (2017–21) low since the start of 2022. In October 2022, the New York Harbor spot price for ULSD averaged $4.36 per gallon, the highest monthly price since May 2022.

Diesel 195

Diesel Price United States Oil 195

Green Car Congress

OCTOBER 23, 2014

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. 17, compared to the prior week.

Oil Prices 247

Oil Prices Oil Saudi Arabia Oil-Sands 247

Green Car Congress

DECEMBER 20, 2021

Oy Kati Ab, a long-term drilling contractor of Keliber, a company developing a European lithium project ( earlier post ), has started to use Neste MY Non Road Diesel renewable fuel oil in the drill rig at Keliber’s exploration site in Central Ostrobothnia. was caused by fuel usage. tonnes of CO 2 e, of which 95.2%

Renewable 170

Renewable Oil Carbon Fuel 170

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources.

Oil Prices 170

Oil Prices Oil Industrial Industry 170

Green Car Congress

JULY 8, 2021

As outlined in its current Short-Term Energy Outlook , the US Energy Information Administration (EIA) estimates that global consumption of petroleum and liquid fuels averaged 92.3 EIA expects that global liquid fuels consumption will grow by 5.3 In the EIA forecast, global consumption of liquid fuels rises by an additional 3.7

2019 243

2019 Global Fuel Gasoline-Electric 243

Teslarati

FEBRUARY 25, 2022

Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock. Disclosure: Joey Klender is a TSLA Shareholder.

Oil Prices 145

Oil Prices Oil Price Production 145

CleanTechnica EVs

MARCH 22, 2022

As Ukraine weathers a continued Russian invasion, sanctions are causing high oil prices, resulting in high gas costs at the pump for consumers. According to Oil Price.com, the event has many wondering if high gas prices could further accelerate Tesla’s rising stock prices and the overall adoption of electric vehicles.

Oil Prices 98

Oil Prices Oil Price Ukraine 98

Green Car Congress

JUNE 18, 2022

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d this year, world oil demand is forecast to expand by 2.2

Oil 210

Oil Global Libya Russia 210

Green Car Congress

JANUARY 12, 2022

The US Energy Information Administration (EIA) forecasts that US oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. EIA also expects OPEC to increase its crude oil production to 28.9 million barrels per day in 2021.

Oil 199

Oil Production Coal Solar 199

Green Car Congress

MAY 29, 2021

The average retail price for regular gasoline in the United States on 24 May, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to the US Energy Information Administration’s (EIA’s) weekly Gasoline and Diesel Fuel Update.

Gasoline 243

Gasoline 2014 Price Texas 243

Green Car Congress

DECEMBER 2, 2022

The US Environmental Protection Agency (EPA) issued a multipart proposal for required volumes of biofuel under the Renewable FUel Standard (RFS) for the next one to three years and on a series of modifications to the program. This proposal includes steady growth of biofuels for use in the nation’s fuel supply for 2023, 2024, and 2025.

EPA 210

EPA Renewable Standards Fuel 210

Green Car Congress

AUGUST 12, 2015

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. This could eventually result in refiners cutting their crude oil imports.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

Oil 276

Oil Global 2003 2007 276

Green Car Congress

JANUARY 29, 2020

The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.

Mariner 427

Mariner Climate Fuel Oil 427

Green Car Congress

JANUARY 23, 2019

Some level of DUCs is normal, but the ballooning number of uncompleted wells has repeatedly fueled speculation that a sudden rush of new supply might come if companies shift those wells into production. The latest crash in oil prices once again raises this prospect. The calculus on completing wells can cut two ways.

Oil 236

Oil Oil Prices 2019 Price 236

Green Car Congress

FEBRUARY 20, 2022

In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020, according to the US Energy Information Administration (EIA). million b/d. million b/d in 2023. million b/d.

United States 511

United States Oil 2020 International 511

Green Car Reports

OCTOBER 28, 2022

Global demand for fossil fuels will peak this decade due in part to Russia's invasion of Ukraine, which has accelerated many countries' move to renewable energy, according to the International Energy Agency (IEA).

Ukraine 179

Ukraine Global Oil Prices Russia 179

Green Car Congress

MARCH 13, 2015

Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 by Thomas Miller for Oilprice.com. Bernard Weinstein, Ph.D.,

Oil Prices 150

Oil Prices Oil Price Dallas 150

Green Car Congress

APRIL 30, 2013

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. We have to look at the fuels marketplace from a short-, a medium-, and a long-term perspective. We need a competitor for oil.

Alternative Fuels 295

Alternative Fuels Oil Transportation Fuel 295

Green Car Congress

MARCH 5, 2015

Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Supply alone, however, doesn’t determine price.

Oil Prices 150

Oil Prices Oil Price Saudi Arabia 150

Green Car Congress

DECEMBER 22, 2014

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. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

Oil Prices 268

Oil Prices Oil Price Carbon 268