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EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel

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China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%

Oil 370
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Review of co-processing of biocrudes in oil refineries

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Liquid intermediates from pyrolysis and hydrothermal liquefaction (HTL) can be co-processed in an oil refinery along with conventional crude oil. After pyrolysis, the vapors are condensed to give a dark brown fast pyrolysis bio-oil (FPBO). In fast pyrolysis, biomass is quickly heated to around 500 °C in the absence of oxygen.

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EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

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The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 EIA forecasts the Brent crude oil price to increase the rest of 2023 and to approach $90 per barrel in late 2023. per gallon.

Oil 370
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EIA: E85 increasingly price-competitive with gasoline on energy content basis in parts of the Midwest; mileage per dollar

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The retail price of E85 motor fuel (a gasoline blend with up to 85% ethanol), has fallen in recent months, notes the US Energy Information Administration (EIA). Prices represent daily average observed E85 and regular gasoline prices at the same stations in the states of Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, and Ohio.

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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

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In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). million barrels of sweet and 200,000 barrels of sour crude oil.

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Neste Oil launches sales of NExBTL renewable naphtha; plastics feedstock and biocomponent for gasoline

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Neste Oil—the world’s largest producer of renewable diesel—has launched the commercial production and sales of renewable naphtha for corporate customers; the company is one of the first to supply bio-naphtha on a commercial scale. vegetable oils) to green fuels (the core of the NExBTL process), Sotelo-Boyás et al.

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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. Source: ExxonMobil Outlook. Click to enlarge.

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