Remove 2015 Remove India Remove Oil Prices Remove Price
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Opinion: The Saudi Oil Price War Is Backfiring

Green Car Congress

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. Is Saudi Arabia losing the oil price war? “It

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4% from last year.

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Saudis Expand Price War Downstream

Green Car Congress

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.

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More Job Losses Coming To US Shale

Green Car Congress

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. oil sector is likely to witness a lot more layoffs than we have seen so far?

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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

Green Car Congress

million vehicles in 2015 to 3.9 between 2015 and 2025. Navigant expects that with a wider gap between natural and liquid fuel prices and more aggressive incentives, Western Europe and to a lesser degree Asia Pacific, will continue to see NGV growth, but at a lower rate than previous projections. million in 2025. of all LDVs.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

Simply put, the world has too much oil at the moment which has resulted in the reduction of price levels from approximately $100 to $50 a barrel, and OPEC (as well as US shale producers) has a major role to play in this supply glut. It also has the fifth largest proven crude oil reserves in the world.

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IEA: global energy efficiency progress drops to slowest rate since start of decade

Green Car Congress

in 2018, driven in large part by the People’s Republic of China, India and the United States, which were responsible for 70% of demand growth. In China and India, primary intensity improved by almost 3%, a slight drop on 2017 levels. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5%

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