article thumbnail

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

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. “ —Gabriel Collins.

article thumbnail

IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

Green Car Congress

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

Oil 300
article thumbnail

Phillips 66 files LCFS pathway applications for renewable gasoline, CIs from 30.9 to 63.4 gCO2e/MJ

Green Car Congress

Phillips 66 Company has applied for three California Low Carbon Fuel Standard (LCFS) Tier 2 fuel pathways for renewable gasoline derived from soybean oil and canola oil. The carbon intensities range from 58.48 The production process for renewable gasoline consumes hydrogen, electricity, natural gas, and off-gases.

Gasoline 170
article thumbnail

Big Oil Betting On Electric Vehicles

Green Car Congress

Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Maybe even decline. ”.

Oil 218
article thumbnail

Kia introduces 5th-generation Sportage SUV; gasoline, diesel, HEV, PHEV

Green Car Congress

Developed on a new architecture, the all-new Sportage will offer gasoline and diesel powertrains at market launch later this year, followed by hybrid-electric (HEV) and plug-in hybrid electric (PHEV) models. The Sportage will be launched with a range powertrains, including clean gasoline and diesel IC engine technology.

PHEV 435
article thumbnail

EPA issues fuel waiver for four states impacted by bp Whiting Refinery shutdown

Green Car Congress

As part of the Federal Government’s response to a fire and shutdown at the bp Whiting Refinery in Whiting, Indiana, US Environmental Protection Agency (EPA) Administrator Michael Regan issued an emergency fuel waiver to help alleviate fuel shortages in four states the supply of gasoline of which has been impacted by the refinery shutdown.

EPA 334
article thumbnail

Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation

Green Car Congress

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. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.