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Oil price tumbles after OPEC releases 2015 forecast

Green Car Congress

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9

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Opinion: The Current Oil Price Rally Is Reaching Its Limits

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Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. million barrels per day (mb/d) in April 2015.

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Opinion: Consumers winning with low oil prices, for now

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Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 the end of January, according to gasbuddy.com.

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More Job Losses Coming To US Shale

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With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. This is bad news for the U.S. A recent Bloomberg report stated that U.S.

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Electric Ford Rumor, Tesla Road Trip, Cheaper VW e-Golf : Today's Car News

Green Car Reports

We mull over a shadowy rumor about a new Ford electric car, analysts raise the idea of an oil-price collapse due to lack of storage, and there''s now a new version of the 2015 Volkswagen e-Golf that''s cheaper than before. All this and more today on Green Car Reports.

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Morgan Stanley Warns That Rising Rig Count Could Undo The Oil Rally

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No one is sure where oil is heading, near-tem forecasts range from $20 to $80 per barrel by the end of the year, and there are just too many wild cards on the scene. So, in a sense, the news that shale producers are launching more drilling rigs is not really news at all.

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Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.

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