Remove 2020 Remove Gasoline-Electric Remove Oil Remove United States
article thumbnail

IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

Green Car Congress

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

Oil 300
article thumbnail

EIA: US fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years

Green Car Congress

In 2020, total consumption of fossil fuels in the United States, including petroleum, natural gas, and coal, fell to 72.9 quadrillion British thermal units (Btu), down 9% from 2019 and the lowest level since 1991, according to the US Energy Information Administration (EIA) Monthly Energy Review.

2020 418
article thumbnail

EIA expects annual US crude oil production to surpass pre-pandemic levels in 2023

Green Car Congress

The US Energy Information Administration (EIA) forecasts that US oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. EIA also expects OPEC to increase its crude oil production to 28.9 increase from 2020. increase from 2020.

Oil 199
article thumbnail

IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218
article thumbnail

Study finds GHG emissions from corn ethanol now 46% lower than gasoline

Green Car Congress

A new study by a team from Environmental Health & Engineering (EH&E) has found that greenhouse gas emissions from corn ethanol are 46% lower than those from gasoline—a decrease in emissions from the estimated 39% done by previous modeling. gCO 2 e/MJ) which is 46% lower than the average carbon intensity for neat gasoline.

Gasoline 493
article thumbnail

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Green Car Congress

The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 million b/d from 2020.

2019 186
article thumbnail

ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

Green Car Congress

Transportation fuel mix in millions of oil-equivalent barrels through 2020. Diesel will surpass gasoline as the number one transportation fuel worldwide by 2020 and continue to increase its share through 2040, according to ExxonMobil’s recently published Outlook For Energy: A View To 2040. Source: ExxonMobil Outlook.

Gasoline 383