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Fuel Economy in Major Car Markets
…2017 for the Global Fuel Economy Initiative (GFEI). It shows that the average amount of fuel required to travel 100 km improved by 1.3% in 2016 and 2017, down from 2% per year between 2013 and 2015. Important drivers for this slowdown are declining shares of diesel vehicles, mostly replaced by gasoline despite fast-growing shares of electrified vehicles and a continued appetite for larger vehicles. It also reflects changes in the composition of light-duty vehicle sales globally, including increased sales in emerging economies and shifts occurring within advanced economies. Countries with policies (fuel economy standards and purchase…
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Fuel economy in the United States
…and analysis of fuel consumption trends In 2019, slightly more than 16 million light-duty vehicles (LDVs) were sold in the United States. With an average fuel consumption of 8.6 litres of gasoline equivalent (Lge/ 100 km) for new LDVs in 2019, the United States is 20% above the global average. While fuel consumption of LDVs decreased on average by 2.1% per year from 2005 to 2017, improvements have slipped backwards with fuel consumption increasing by 0.6% between 2018 and 2019. The lapse in fuel consumption reductions is reflected in slowing improvements in fuel economy across LDV…
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Energy Policies of IEA Countries: United States 2007
…and second-generation biofuels. But thus far, no federal government policy is in place to establish as a target an absolute reduction of CO2 emissions. The resulting uncertainty risks holding back investments into new technologies and may delay projects that are urgently required. The transport sector will be a key to a sustainable success. In the short to medium term, reduced fuel demand through higher vehicle efficiency will increase security and reduce CO2 emissions. Yet the policy for the revision of CAFE (the corporate average fuel economy) standards will leave consumers with vehicles that fall short of the technological possibilities.
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Is the biofuel industry approaching a feedstock crunch?
Renewables 2022 This report forms a component of Chapter 4 of Renewables 2022 and addresses a key question in renewable energy markets. Biodiesel, renewable diesel and biojet fuel producers are headed for a feedstock supply crunch during 2022-2027 if current trends do not change. In our main case, demand for vegetable oil, waste and residue oils and fats increases 56% to 79 million tonnes over the forecast period. Fuels made from wastes and residues are in particularly high demand because they satisfy GHG and feedstock policy objectives in the United States and Europe. In fact, wastes and residues are expected to…
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Biofuel Policy in Brazil, India and the United States
Insights for the Global Biofuel Alliance As part of its G20 presidency, India has proposed a Global Biofuel Alliance (GBA) to bring countries together to expand and create new markets for sustainable biofuels. The sharing of best practices, the technical support and the capacity building that the GBA would bring are welcome additions to international efforts to expand sustainable biofuel production and use, a key step to decarbonising transportation and heat services with secure and affordable energy supplies. This report aims to inform and focus the Alliance’s work by sharing biofuel policy insights from Brazil, India and the United…
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Oil Market Report - June 2017
…lower expectations about the pace of global market rebalancing. At publication time, crude prices are close to the levels when the OPEC output deal was announced. Fuel oil prices and cracks were boosted as stocks fell to their lowest level in two years due to tight supplies of sour crudes. Gasoline and naphtha prices fell.Record high US refinery throughput in April and May led to upward revisions to our 2Q17 and 3Q17 forecasts. Global refinery intake is projected to reach 80 mb/d in 2Q17 and 81.3 mb/d in 3Q17, up by about 1.1 mb/d y-o-y in each quarter…
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Oil Market Report - December 2018
…by 5.7 mb, to 2 872 mb. They were above the five-year average for the first time since March. NGL and feedstock inventories hit a historic high whereas fuel oil stocks fell to a record low.Having fallen by 30% since early October, oil prices stabilised with ICE Brent close to $60/bbl and NYMEX WTI at $52/bbl. Weak demand weighed on gasoline and naphtha markets. Freight rates to transport crude and products have soared to multi-year highs. Highlights Our estimate of 2018 oil demand growth is largely unchanged at 1.3 mb/d. Non-OECD data for September and October…
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Oil Market Report - November 2018
…demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights The outlook for global oil demand growth is largely unchanged at 1.3 mb/d in 2018 and 1.4 mb/d in 2019, as a weaker economy is largely offset by lower oil prices. OECD demand is expected to increase by 355 kb/d in 2018, slowing to 285 kb/d in 2019.Oil demand is slowing in several non-OECD countries, as the impact of higher year-on-year prices is amplified by currency devaluations and slowing economic activity. Our non-OECD demand forecast…
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Oil Market Report - May 2019
…demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Our 2018 oil demand growth estimate has been revised down by 70 kb/d to 1.2 mb/d and our 2019 forecast is reduced by 90 kb/d to 1.3 mb/d. Revisions for 2018 impacted mainly non-OECD Asia and African countries. The 2019 revision is seen in OECD Asia in 1Q19.Non-OECD countries will drive global oil demand in 2019, adding 1.1 mb/d of growth, with China and India growing by 0.7 mb/d. Net OECD growth will be 0.2 mb/d, led…
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Oil Market Report - June 2019
…was only 0.3 mb/d, and for 2Q19 the estimate is 1.2 mb/d. We expect higher growth in 2H19 at 1.6 mb/d.In 2020, global oil demand growth will rise to 1.4 mb/d, supported by solid non-OECD demand and petrochemicals expansion. The IMO switch will result in major changes to bunker fuel demand, sharply increasing gasoil demand from 4Q19.Non-OPEC supply growth will accelerate from 1.9 mb/d this year to 2.3 mb/d in 2020. The US leads the gains, but solid growth also comes from Brazil and Norway. In May, global oil supply eased by…