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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. “

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Hyundai Motor Group, Aramco and KAUST collaborate on new e-fuel for novel combustion system

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Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.

Hyundai 448
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ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

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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. Mix of the global vehicle fleet.

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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. and China account for more than half of all carbon dioxide emissions globally.

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Tata Motors launches REVOTRON family of next-generation gasoline engines

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Tata Motors launched its REVOTRON Series of next-generation gasoline engines for the passenger vehicle market in India. Tata Motors developed the REVOTRON Series with inputs from global players in the areas of combustion, boosting, friction and calibration.

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EIA: US exported record amounts of petroleum products in the first half of 2022

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Nearly all petroleum products contributed to increased exports, and the largest volumes came from distillate fuel oil and hydrocarbon gas liquids (HGLs), which include propane. Distillate fuel oil exports increased by 19% (190,000 b/d) from the first half of 2021 to the first half of 2022.

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IHS Markit projects for first time that 2050 global refined product demand will be lower than 2019 levels

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For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. Under the new IHS Markit Inflections base case scenario, global refined product demand is expected to peak in 2036. This shift is already being reflected in supply-side investment.

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