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EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

Green Car Congress

The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 EIA forecasts the Brent crude oil price to increase the rest of 2023 and to approach $90 per barrel in late 2023. per gallon.

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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 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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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

Green Car Congress

In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.

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Fraunhofer team developing continuous rapid production line for fuel cell components

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A team from Fraunhofer IPT is developing a continuous production line that will be able to process fuel cell components in cycles lasting just seconds. Moreover, they plan to transfer the action plan and the individual technologies for the production of fuel cells from research to industrial application. © Fraunhofer IPT.

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National Electric Vehicle Sweden begins production of gasoline-engined Saab 9-3 Aero Sedan

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National Electric Vehicle Sweden AB has started production of the Saab 9-3 Aero Sedan with a gasoline engine at the old Saab Trollhättan plant. The production rate will be very modest, about ten cars a week initially, and then gradually the pace will be increased to meet demand. liter turbo. Click to enlarge.

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Vinfast electric truck, Hertz selling EVs for gasoline, by-wire firsts: Today’s Car News

Baua Electric

The rental-car giant Hertz has announced that it’s selling a third of its EV fleet —about 20,000 EVs, including some Teslas—to buy gasoline cars. The company points to expensive collision claims and charging issues, and has suggested that Tesla’s price volatility didn’t help.