article thumbnail

IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 While diesel cracks eased month-on-month in May, both jet fuel and gasoline cracks surged as demand picked up seasonally. Non-OPEC+ is set to lead world supply growth through next year, adding 1.9 mb/d in 2022 and 1.8 mb/d in 2023, according to IEA.

Oil 210
article thumbnail

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

The loss of oil supplies in Libya and elsewhere was eventually more than offset by large production increases among Middle Eastern OPEC members, leading to record oil production in Saudi Arabia, the UAE and Qatar. Growth in the US slowed as the share of ethanol in gasoline approaches the blendwall. million bpd or 0.7%.

Coal 261
article thumbnail

EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

Electric vehicles typically have a smaller operating carbon footprint than gasoline cars, even when accounting for the electricity used for charging. 40% of our energy comes from renewable sources, such as hydro, geothermal and wind. EV MYTH ONE: Manufacturing EVs is just as bad for the environment as ICEVs.

article thumbnail

EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

Electric vehicles typically have a smaller carbon footprint than gasoline cars, even when accounting for the electricity used for charging. 40% of our energy comes from renewable sources, such as hydro, geothermal and wind. EV MYTH ONE: Manufacturing EVs is just as bad for the environment as ICEVs.