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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

JANUARY 11, 2023

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. The share of renewable energy as a source for electricity generation in the United States continues to increase, reaching 26% of total generation in 2024.

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