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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 million barrels per day in 2023, which would surpass the record average production of 12.3 EIA forecasts that retail sales of electricity to the industrial sector will grow by 2.8% million barrels per day set in 2019.

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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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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. With an annual hydrogen production and utilization capacity exceeding 4.5 million tons per year, gasoline and diesel hydro-fining capacity of 2.4

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Among the more detailed transportation projections in AEO2014 are: LDVs powered by gasoline remain the dominant vehicle type in the AEO2014 Reference case, retaining a 78% share of new LDV sales in 2040, down from their 82% share in 2012. New vehicle sales shares are generally similar in AEO2014 and AEO2013 but with moderate variation.

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Porsche, Siemens Energy and partners advance climate-neutral eFuels development; Haru Oni pilot in Chile

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Electrolyzers will use wind power to produce green hydrogen. The result is renewable methanol, which can be converted into climate-friendly fuel using an MTG (Methanol To Gasoline) technology to be licensed and supported by ExxonMobil. Part of the e-Methanol will be converted to e-Gasoline (130,000 liters per year).

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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

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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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in 2019, and gross domestic product, which increased by 2.3% In 2019, CO 2 emissions from petroleum fuels—nearly half of which are associated with motor gasoline consumption—fell by 0.8%, and CO 2 emissions from the use of natural gas increased by 3.3%. Total net electricity generation fell by 1.5%

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