Green Car Congress
APRIL 27, 2012
The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.). —Dr.
Green Car Congress
APRIL 23, 2018
Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018. —Spencer Welch.
Green Car Congress
MAY 18, 2018
April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. This was the strongest April monthly demand since 2007. Strong global demand raised international oil prices by more than domestic ones. Domestic WTI crude oil prices averaged $66.25
Green Car Congress
MAY 8, 2013
Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit.
Green Car Congress
DECEMBER 17, 2013
Neste Oil has achieved its long-term target of using only certified palm oil as an input for its renewable diesel (NExBTL) production process. The original target, set in 2009, was that 100% of the raw palm oil used would be certified by the end of 2015.
Green Car Congress
DECEMBER 31, 2011
Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010. —US EIA.
Green Car Congress
APRIL 2, 2017
Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. EIA data shows that 35 countries in all have already reached and descended from maximum oil demand. by Dwayne Purvis for Oilprice.com.
Expert insights. Personalized for you.
314 
Let's personalize your content