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bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. World oil production fell for the first time since 2009 by 6.6 million b/d.
The International Energy Agency’s Monthly OilStatistics shows that there are differences in refinery output throughout the world. Source: International Energy Agency, Monthly OilStatistics, February 2020, Paris, France.,
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%
India’s state-run Oil and Natural Gas Corp (ONGC) said that oil output from the Sakhalin-1 project in Russia has returned to a plateau level of 190,000 - 200,000 barrels per day (bpd) from zero. In April 2023, Russia’s Rosneft offered dividend payments to OVL against its 20% stake, rather than equity oil. billion dollars.
Oil remains the world’s leading fuel, but its 33.1% seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%
China’s apparent oil demand in October rose 2.9% Despite the year-over-year increase, China’s apparent oil demand in October slipped 2.5% Meanwhile, total apparent oil demand was 9.96 million b/d, according to data released by the National Bureau of Statistics (NBS) mid-November. China’s oil product imports tumbled 22.2%
t margin for oil refiners. Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased. When we control for the energy costs of refining using oil and natural gas prices, the estimated effect is $0.13
The US Geological Survey (USGS) has released a new estimate—based on a new methodology—for potential additions to domestic oil and gas reserves from reserve growth in discovered, conventional accumulations in the United States. These estimates were made using a new assessment methodology developed by the USGS.
Researchers at Henan Polytechnic University in China have hydrotreated the oil derived from hydrothermal liquefaction of scrap tires (STO) with waste engine oil (WEO) using five different activated carbon-supported noble metal catalysts—Pd/C, Pt/C, Ru/C, Ir/C, and Rh/C—for the production of liquid fuels. —Liu et al.
Source: Energy Statistics Database | United Nations Statistics Division ) The US is, hoorah, #1. And that doesn't include the electricity used in oil extraction and pumping. I just ran across the latest available data, from 2005, for the electricity consumption by petroleum refineries. Almost 49,000,000,000 kWh.
US crude oil production for October averaged 5.36 million barrels per day, continuing at levels not seen since 2005, according to the American Petroleum Institute’s (API) Monthly Statistical Report. API Statistics Manager Ron Planting. Crude production from the Lower 48 states averaged 4.67
The Greenbrier Companies will design a new generation “Tank Car of the Future” for rail transport of hazardous freight, including flammable crude oil and ethanol, that can better withstand the additional demands associated with operating unit trains. Greenbrier no longer produces the legacy DOT-111 tank car for use in flammable service.
"Nobody knows or can know how much oil exists under the earth''s surface or how much it will be possible to produce in the future." That''s how BP starts its website page defining oil reserves, and it''s why we should take statistics like "53.3 years of oil reserves" with a pinch of salt.
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil. oil may not be able to fill.
Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. Source: Eni World Oil Review 2019. also rose in Brazil and Norway.
The bp Statistical Review of World Energy is a venerable survey of the world’s energy production and consumption — the oil giant has been publishing it yearly since 1952.
However, the starting year of this analysis is 1966 because (1) for 1923 through 1935, fuel-economy information is available only for the entire fleet of all vehicles, and (2) from 1936 through 1965, light trucks were included with other trucks in the relevant statistics.?. Annual statistics from the U.S. Department of Transportation.
China’s apparent oil demand in July increased to 38.29 million barrels per day (b/d), as oil consumption appeared to have recovered after seasonal refinery maintenance, according to an analysis of recent Chinese government statistics by Platts. million mt of crude oil, or an average of 8.86 million b/d and 6.2%
A study by researchers in Canada and the US shows that oil sands development is a greater source of polycyclic aromatic compound (PAC) contamination to the Athabasca River and its tributaries than previously realized. Bitumen production in the Alberta oil sands has increased rapidly, rising from 482,000 to 1.3 Kelly et al.
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) released a new report evaluating how climate change may affect the environmental conditions measured and used in mathematical modeling for oil-spill trajectory analysis in the Arctic region. Study area used in the Oil Spill Risk Analysis for the Alaskan Arctic region.
However, the starting year of this analysis is 1966 because (1) for 1923 through 1935, fuel-economy information is available only for the entire fleet of all vehicles, and (2) from 1936 through 1965, light trucks were included with other trucks in the relevant statistics.?. Annual statistics from the U.S. Department of Transportation.
The US Geological Survey will update its 2008 estimate of undiscovered, technically recoverable oil and gas in the US portion of the Bakken Formation, an important domestic petroleum resource located in North Dakota and Montana. — Secretary of the Interior Ken Salazar. The 2008 USGS assessment estimated 3.0 billion barrels.
For the remaining sources, the following fuel consumption data were used: national data from the United Nations Statistics Division (1949?1970); 1979); provincial data from the China Energy Statistics Yearbook (CESY) (1980?2007); 1970); national data from the International Energy Agency (IEA) (1971? 2007 were used in this study.
To be sited at Jie Yang City, Guangdong Province, the Nanhai refinery will be operational in early 2015, with a capacity to process 400,000 barrels of heavy and extra heavy crude oil per day (400 kbd) from the Orinoco Oil Belt. Oil and Gas Journal (OGJ) pegged Venezuela’s 2011 reserves at 211 billion barrels, up from 99.4
Diluted bitumen has no greater likelihood of accidental pipeline release than other crude oils, according to a new report from the National Research Council (NRC). The NRC committee was not asked to address whether the consequences of a diluted bitumen release differ from those of other crude oils. Earlier post.).
Nearly half—48%—of rail tank cars carrying Class 3 flammable liquids in 2019 in the US met the new safety requirements, up from 33% in 2018, according to Fleet Composition of Rail Tank Cars Carrying Flammable Liquids: 2020 Report released today by the US Department of Transportation’s Bureau of Transportation Statistics.
China’s apparent oil demand rose 4.1% from a year earlier, data from the country’s National Bureau of Statistics (NBS) showed on 15 July. Meanwhile, China’s net imports of oil products soared 58.4% During the first six months of this year, China’s total apparent oil demand averaged 11.12 in June from a year earlier to 11.25
Oil and gas drilling in the US in the second quarter of 2009 fell 46% year-on-year to an estimated 8,038 oil wells, natural gas wells and dry holes, according to the American Petroleum Institute’s (API) Quarterly Well Completion Report: Second Quarter. Hazem Arafa, director of API’s statistics department.
Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. Still, upstream E&P companies are also being substantially squeezed by another plunge in oil prices. According to Graves & Co.,
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Russia’s Oil Production 1970-2020 and Russia’s Deep-Hole Oil & Gas Exploration Drilling. In 2016, only 3.7
The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending.
year-over-year increase and the highest demand for the month since 2005, according to the latest Monthly Statistical Report released by the American Petroleum Institute (API). The increase in demand came as the US continued to sustain world-leading production, which continues to meet virtually all global oil demand growth.
In 2010, developing countries spent roughly $193 billion, or 47% of all fossil fuel consumption subsidies, on oil while industrial countries spent roughly $28 billion. Oil demand would be reduced by 3.7 By 2035, oil demand would decrease by 4%, natural gas by 9.9%, and coal demand by 5.3%, compared with the baseline projection.
On a countrywide scale, the statistics are.' If you do just 10,000 miles per year at 30 mpg, you''ll use 333.3 gallons in a year. That''s around 2,800 pounds, or the weight of a small compact car--the sort of car that''d do around 30 mpg in the first place.
China’s gasoline and diesel exports rose by nearly 68% and 22%, respectively, in the first half of 2010 compared with the same period last year, according to the statistics released by the China Petroleum and Chemical Industry Association. Qi Yuqin, an oil analyst from the sci99.com million tons per year. million tons per year.
China’s apparent oil demand in December rose 5.3% China’s apparent oil demand in 2014 rose 3% from a year before to an average of 10.1 China’s apparent oil demand in 2014 rose 3% from a year before to an average of 10.1 Total oil product imports in 2014 tumbled 24.2% Exports of oil product from the country increased 4.1%
Researchers at the Tokyo Institute of Technology and colleagues have engineered the Nannochloropsis algal strain NIES-2145 to enhance the production of fat-based molecules called triacylglycerols (TAGs), thereby increasing oil synthesis from the microalgae. The paper is published in the journal Frontiers in Microbiology. 2015.00912.
US gasoline demand carried over the modest recovery it saw in September through the month of October, according to the American Petroleum Institute’s (API) Monthly Statistical Report. US crude oil production in October rose to 5.5 US crude oil inventories continued to build in October, the fourth consecutive month-to-month increase.
Much of the US’ new abundant domestic oil and gas supply is being produced from unconventional resources—particularly light sweet crude oil from the Bakken shale in North Dakota, as well as the Eagle Ford and Permian Basins in Texas. This rapid growth has also created challenges in moving crude oil to market.
November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. per barrel oil in 2015 and 2016 respectively, while the October projections are based $51.62 by Dalan McEndree for Oilprice.com. — Mad Max: Beyond Thunderdome. and $65.65 respectively.
The app offers Mercedes-Benz owners various functions from four central areas: my vehicle, mobility, statistics and service. On their smartphone, customers can keep an eye on everything—from low oil level through low battery voltage to critical tire pressure. The app informs the dealer automatically when a service is due.
in November compared with November 2009, evidence the nation’s consumer and industrial sectors are recovering, according to the American Petroleum Institute’s (API) Monthly Statistical Report. Domestic crude oil production stood at 5.44 Crude oil imports were 5% higher than a year ago, averaging 9.1 Gasoline deliveries rose 3.2%
Power steering is electric and as a result we don’t need to check the power steering oil level as there isn’t any. I would say that is not a bad statistic from the four Priuses that covered a total of 913k kms (570k miles). Priuses can burn oil. Two out of our four Priuses burn oil. quarts) of oil every oil change cycle.
Fuels and chemicals manufactured via Siluria’s process and natural gas are indistinguishable from products made today from oil. The difference is cost. By leveraging the abundance and wide availability of natural gas, Siluria’s technology lowers the expense of producing fuels and chemicals.
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