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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

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

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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

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EIA: Petroleum and natural gas will be the most-used fuels in the US through 2050

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The US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2022 (AEO2022) Reference case forecasts that US energy consumption will grow through 2050, primarily driven by population and economic growth. Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022).

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

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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 also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.

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RaboResearch: EU biofuel demand to halve by 2050

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The path toward decarbonization in road transportation in the EU will require a multifaceted approach that, besides traditional biofuels, also includes the use of renewable electricity, green hydrogen, and other advanced biofuels. By then, most of the EU vehicle fleet will already have been replaced with electric and hydrogen vehicles.

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EIA: energy-related CO2 emissions in US to fall 11% this year

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The US Energy Information Administration (EIA) forecasts that US energy-related carbon dioxide (CO 2 ) emissions will decline by 11% in 2020. In EIA’s latest Short-Term Energy Outlook , US energy-related CO 2 emissions are forecast to fall more than the 5% decline in gross domestic product (GDP) in 2020. Source: U.S.

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SOFC-maker Bloom Energy announces initial strategy for hydrogen market entry; partnership with SK

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Solid-oxide-fuel-cell manufacturer Bloom Energy is entering the commercial hydrogen market by introducing hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen. This expansion of our product offering enables zero-carbon electricity and transportation solutions. —Jason Ahn, CEO of SK E&C.

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