U.S. Ethanol Dampens Global Crude Oil Prices
Friday, January 13th, 2012By Lihong Lu McPhail
Ethanol is the world’s most widely used liquid biofuel in the transportation sector. A recent ERS study found that increasing ethanol in the U.S. gasoline supply would lead to lower crude oil prices than would otherwise have been the case. A one-time 5-percent increase in U.S. ethanol use will lower the crude [...]
Record Corn Crop will Boost Biofuel Market
Saturday, May 14th, 2011The United States Department of Agriculture (USDA) has released data projecting corn production for 2011/12 at a record 13.5 billion bushels, up 1.1 billion from 2010/11 as a 4.0-million-acre increase in intended plantings and a recovery from last year’s weather-reduced yields boost expected output. The 2011/12 corn yield is projected at 158.7 bushels [...]
Biofuel Market: Biofuels Will Grow to 6% of the World’s Liquid Fuel by 2020
Thursday, May 12th, 2011Biofuels will grow to 6% of the worlds liquid fuel by 2020 - this is one of conclusions of a new report Global Biofuel Production Forecast 2015-2020 released by Market Research Media. The report forecasts the global biofuel production to reach 1,900 Million barrel in 2020, at a compound annual growth rate (CAGR) of [...]
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