Green Car Congress
NOVEMBER 9, 2022
The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. EIA forecasts Russia will produce 9.3 —EIA Administrator Joe DeCarolis. EIA revised its forecast because U.S.
Green Car Congress
JUNE 16, 2021
In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI).
Green Car Reports
MAY 22, 2022
Russia's ongoing invasion of Ukraine has triggered international sanctions throttling the country's oil exports, leading to fears of every higher gas prices. million barrels of oil per day last year, according to new analysis from. But electric vehicle adoption has been helping make the situation less grim.
Green Car Congress
JULY 12, 2021
This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. Natural gas prices declined to multi-year lows; however, the share of gas in primary energy continued to rise, reaching a record high of 24.7%. By country, the US, India and Russia saw the largest declines in energy consumption.
Green Car Congress
APRIL 20, 2022
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.
Green Car Congress
APRIL 6, 2017
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. In 2016, only 3.7
Green Car Congress
AUGUST 7, 2020
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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