Bad News: Record Oil Imports into China in 2023

Credit to Author: Zachary Shahan| Date: Tue, 16 Apr 2024 23:31:19 +0000

China is well known as the world’s leading electric vehicle (EV) market. More than half of the world’s EV sales have occurred there in recent years. It is a standard of the rapid, uplifting EV revolution. In 2023, 25% of auto sales in China were sales of full electric vehicles. … [continued]

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U.S. Crude Oil Exports Reached a Record in 2023

Credit to Author: US Energy Information Administration| Date: Thu, 21 Mar 2024 03:22:41 +0000

U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.S. ban on most crude oil exports was … [continued]

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4 Countries Could Account for Most Near-Term Petroleum Liquids Supply Growth

Credit to Author: US Energy Information Administration| Date: Thu, 21 Mar 2024 03:00:47 +0000

In 2023, the world produced an estimated 101.8 million barrels per day (b/d) of petroleum and other liquids: mostly crude oil but also lease condensate, natural gas liquids, biofuels, and other liquids from hydrocarbon sources. We expect the global petroleum and other liquids supply to increase by about 0.4 million … [continued]

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United States Produces More Crude Oil Than Any Country, Ever

Credit to Author: US Energy Information Administration| Date: Tue, 12 Mar 2024 03:16:32 +0000

The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global … [continued]

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More Productive Wells Spur U.S. Crude Oil Production Higher

Credit to Author: US Energy Information Administration| Date: Thu, 07 Mar 2024 13:02:49 +0000

U.S. crude oil production averaged 13.3 million barrels per day (b/d) in December 2023, following sustained productivity increases at new … [continued]

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In 2021, the Value of Energy Trade Between the U.S. & Mexico Reached a 9-Year High

Credit to Author: U.S. Energy Information Administration| Date: Sat, 07 May 2022 03:10:37 +0000

In 2021, the value of energy trade between the United States and Mexico reached a nine-year high. This energy trade value represents the combined value of energy imports and exports between the two countries. In 2021, energy accounted for 15% of the value of all U.S. exports to Mexico. The value of U.S. energy exports […]

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Is the US Stockpiling Dirty Oils? How Greater Data Transparency Can Reduce the Climate Impacts

Credit to Author: RMI| Date: Fri, 22 Apr 2022 07:21:46 +0000

How Greater Data Transparency Can Reduce the Climate Impacts of the Strategic Petroleum Reserve In response to Russia’s war in Ukraine, President Biden authorized the largest-ever Strategic Petroleum Reserve (SPR) drawdown in March 2022. The economic benefits may appear clearcut, but the environmental impacts of SPR withdrawal are less certain. It is essential that policymakers […]

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Ride Along with Secretary Pete Buttigieg & White House Climate Advisor Gina McCarthy (Video)

Credit to Author: NRDC| Date: Thu, 21 Apr 2022 07:18:13 +0000

Energy prices are in the news, including the price of oil, which we see reflected in what we pay at the pump. And it’s no surprise that this is a painful experience, with the Brent crude oil spot price at $117 a barrel in March, $20 higher than in February. As others have written, this high […]

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Increasing Oil Drilling Won’t Solve High Gas Prices

Credit to Author: Johnna Crider| Date: Sun, 20 Mar 2022 21:10:07 +0000

Increasing oil drilling will not solve high gas prices, despite what the fossil fuel industry wants you to believe. Representative Sean Casten (D-IL) spoke about this topic recently and Forbes shared a video clip of his speech on Twitter. Rep. Casten pointed out how both the fossil fuel industry and conservative politicians are lying when […]

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