article thumbnail

EIA: International demand will drive US production of petroleum and other liquids through 2050

Green Car Congress

Strong continuing international demand for petroleum and other liquids will sustain US production above 2022 levels through 2050, according to most of the cases in the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2023 (AEO2023). These cases include: The Reference case, which serves as a baseline, or benchmark, case.

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. —Gabriel Collins.

article thumbnail

Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC.

article thumbnail

Petrol and diesel price cut by Rs 2 per litre       | Autocar Professional

Baua Electric

Recently, Indraprastha Gas Ltd and Mahanagar Gas reduced the prices of compressed natural gas by Rs 2.5. India is the world’s third-largest consumer of crude oil, and imports more than 85% of its crude oil requirements. So, the prices of petrol and diesel are linked to international benchmarks.

Petrol 52
article thumbnail

IEE forecasts electric-drive LDVs could constitute between 2 to 12% of US vehicle stock by 2035

Green Car Congress

improved battery chemistry that allows for faster and deeper charging and reductions in battery cell and other component costs), and oil prices increasing to $200 per barrel: Low. The high electric transportation scenario combines the advanced battery scenario with high oil prices ($200/barrel in 2035).

article thumbnail

API: total US petroleum demand topped 20.8 mb/d in July, highest since 2005; on-road fuel demand down

Green Car Congress

With the strength in consumer demand, domestic refineries processed crude oil at their highest utilization rates so far in 2019 (17.6 of capacity) and compensated for lower international demand for US petroleum exports. Consequently, domestic West Texas Intermediate (WTI) crude oil prices averaged $57.36

2005 207
article thumbnail

Amyris renewable jet fuel receives regulatory approval in Brazil for blends up to 10%

Green Car Congress

95g CO2eq/MJ range. Building on the revised ASTM International standard for aviation turbine fuel approved in June, Brazil’s ANP last week removed the last regulatory hurdle for the use of our renewable jet fuel in Brazil. In the ES&T study base case, the researchers calculated a “rather optimistic” GHG footprint of 8.5g

Brazil 199