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Cratering motor fuel sales in Norway show the death spiral that can end oil

Electrek

It’s common knowledge that Norway is the land of electric cars and that the country keeps breaking EV sales records with virtually no new fossil vehicle sales. But what’s really important is the effect those EVs are having on oil sales, which are in steep decline in the country as a result – and the same thing could happen elsewhere.

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EVs Take 91.0% Share In Norway — Volvo EX30 Grabs Top Spot

CleanTechnica EVs

share in Norway in April, roughly flat from 91.1% Share In Norway — Volvo EX30 Grabs Top Spot appeared first on CleanTechnica. The auto market saw plugin EVs take 91.0% year on year. BEVs alone took 89.4% share, up from 83.3% Overall auto volume was 11,241 units, up 25% YoY, a recovery over recent months.

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EVs Take 91.5% Share In Norway

CleanTechnica EVs

share in Norway, up from 91.1% The Tesla Model Y was again Norway’s best selling vehicle. Share In Norway appeared first on CleanTechnica. March’s auto market saw plugin EVs take 91.5% year on year. BEVs alone took almost 90% share. Overall auto volume was 9,750 units, 50% down YoY, and the lowest March in 15 years.

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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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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

Green Car Congress

Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

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Aker Solutions wins FEED contract for e-Fuel plant in Norway

Green Car Congress

Aker Solutions has signed a contract with Nordic Blue Crude (NBC) for front-end engineering and design (FEED) of a new e-Fuel facility at Herøya in Porsgrunn, Norway. It will involve about 50 employees from Aker Solutions, primarily at the company’s headquarters in Fornebu, Norway.

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EVs Take 92.1% Share In Norway — Tesla Model Y Dominates

CleanTechnica EVs

share in Norway, up from 90.1% Share In Norway — Tesla Model Y Dominates appeared first on CleanTechnica. February saw plugin EVs take 92.1% year on year. Following the recent tax changes, [continued] The post EVs Take 92.1%

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