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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
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LiquidPiston receives $8.2M award to integrate XTS-210 heavy-fueled rotary engine into compact 10 kW genset for US Army

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The authors demonstrated the methodology based on historical data from the wars in Iraq and Afghanistan. For Iraq, the fuel casualty factor was 0.026. Casualties calculated include Army soldiers and civilians killed or wounded while transporting fuel or drinking water to consuming units and forward operating bases in theater.

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IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

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Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

Coal 221
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Eni report: global oil reserves and oil production up in 2018 due to US

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. WTI, the US light crude, covers 60% of global growth. The surplus in the Middle East is slightly up, due to the year-end increases of big producers (Saudi Arabia, Iraq and U.A.E.). also rose in Brazil and Norway. recorded in 2013-2017.

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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

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million barrels per day (MMb/d) of global refinery capacity once fully operational. In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The scheduled expansions follow a period of reduced global refining capacity. million b/d in 2023.

Asia 418
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IEA raises forecast global oil consumption in 2013 to 90.8 mb/d

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In its latest Oil Market Report , the International Energy Agency (IEA) raises its forecast for global consumption of oil to 90.8 Global crude oil supplies fell by 170 kb/d in December, to 91.2 mb/d on lower output from Saudi Arabia and Iraq. Global refinery runs rose 1.5 mb/d, the highest growth rate since 2010.

2013 225
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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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million barrels over a 45-day period to calm the global oil market in the immediate aftermath of the beginning of the Iraq war. There have been four prior emergency drawdowns in the history of the SPR: 1991 Operation Desert Storm Sale. President George H. Bush authorized a drawdown of 33.75 2005 Hurricane Katrina Sale.

Oil 418