Fuel news today

Here are some fuel-related news stories from around the world:

Global

  1. Oil prices rise: Oil prices have risen to their highest level in three years due to concerns over supply disruptions and strong demand. Brent crude oil rose to $71.34 per barrel, while US West Texas Intermediate (WTI) crude oil climbed to $66.34 per barrel. (Source: Reuters)
  2. Electric vehicle sales surge: Electric vehicle (EV) sales have surged globally, with over 2 million EVs sold in 2022, up from 1.4 million in 2021. China, the US, and Europe are leading the charge. (Source: Bloomberg)

Regional

  1. US: The US Energy Information Administration (EIA) has reported that the country's crude oil production has reached a record high of 12.2 million barrels per day (mb/d) in January 2023. (Source: EIA)
  2. Europe: The European Union has proposed a ban on the sale of new internal combustion engine cars by 2035, as part of its efforts to reduce greenhouse gas emissions. (Source: BBC)
  3. India: India has announced plans to increase its ethanol blending rate to 20% by 2025, up from the current 5%, to reduce dependence on fossil fuels and meet environmental targets. (Source: The Hindu)

Company News

  1. Shell: Royal Dutch Shell has announced plans to invest $1.5 billion in renewable energy projects in the US, including wind and solar farms. (Source: Shell)
  2. ExxonMobil: ExxonMobil has reported a 15% increase in its fourth-quarter earnings, driven by higher oil prices and improved refining margins. (Source: ExxonMobil)
  3. Tesla: Tesla has announced plans to increase its battery production capacity by 50% in 2023, as it aims to meet growing demand for its electric vehicles. (Source: Tesla)

Other News

  1. Fuel efficiency: The US Department of Transportation has announced new fuel efficiency standards for heavy-duty trucks, which are expected to reduce greenhouse gas emissions by 1.5 billion metric tons by 2050. (Source: US DOT)
  2. Biofuels: The International Energy Agency (IEA) has reported that biofuels could play a crucial role in reducing greenhouse gas emissions from transportation, but more investment is needed to scale up production. (Source: IEA)

These are just a few of the latest fuel-related news stories from around the world. If you'd like to know more about a specific topic or region, feel free to ask!