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EIA: US crude oil production will increase to new records in 2023 and 2024

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In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 In 2022, US crude oil production averaged an estimated 11.9 EIA based the forecast on expectations of crude oil prices and infrastructure capacity additions.

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IHS Markit says outlook for crude oil prices strengthens through 2021

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Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. bbl in 2020 and $49.25/bbl bbl in 2021—up $7.09/bbl bbl and $5.25/bbl,

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EIA expects summer US real gasoline and diesel prices to be the highest since 2014

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The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 per gallon this summer driving season—April through September—compared with last summer’s average price of $3.06/gal. EIA expects higher fuel prices this summer as a result of higher crude oil prices.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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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.

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Audi introduces Q8 e-tron; improved efficiency and range; base price in Germany €74,400

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With their two motors, the base models of the Audi Q8 50 e-tron and the Audi Q8 Sportback 50 e-tron generate 250 kW in boost mode and 664 N·m of torque, and they get a range of up to 491 km (305 miles) (SUV) and up to 505 km (314 miles) (Sportback), in accordance with the WLTP. This lowers consumption and increases range.

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Tesla Model S Long Range Plus now EPA-rated for 402 miles

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Tesla’s Model S Long Range Plus now carries an official EPA-rated range of 402 miles—a 20% increase compared to a 2019 Model S 100D with the same battery pack design. This is the first US EV to break the 400-mile range mark. All Model S Long Range Plus vehicles will receive the new 402-mile rating. The newest 8.5

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

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EIA projects that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support US production. It also assumes the Brent crude oil price reaches $101 per barrel (b) (in 2022 dollars) by 2050.