World Fuel Consumption Grows in 2022 & 2023
Inside this issue
World consumption of liquid fuels is expected to rise in 2022 and 2023. Even with market uncertainties, EIA is forecasting liquid fuels to reach 100.6 million barrels per day (b/d) in 2022 and 102.6 million b/d in 2023. Non-OECD consumption is the key growth driver for total world consumption.
Natural gas demand is increasing and U.S. natural gas is responding. Natural gas liquids production will approach 6 million b/d in 2022, with the change in ethane production leading the way. Ethane is a primary feedstock for petrochemical plants.
Inside this Issue
🌎 American Express Announces New Initiatives to Advance Climate Action and Support Low-Carbon Communities
📈 Ethane to outpace growth in all other U.S. petroleum product consumption through 2023
❇️ The Door Is Open to Green Hydrogen and Green Ammonia
💥 Rice University's student startup competition names 42 teams to compete for over $1 million in prizes
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