2016, Building and Oil Prices

Oil Well Strippers Suffering From Low Oil Prices

Green Car Congress

DECEMBER 10, 2015

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. Stripper-operated wells account for all of the oil production in the state of Illinois, for instance.

Oil Prices

Oil Prices Oil Price 2002

Opinion: Could WTI Trade At A Premium To Brent By Next Year?

Green Car Congress

AUGUST 6, 2015

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. However, the WTI/Brent spread has shrunk more dramatically since the collapse in oil prices.

Oil Prices

Oil Prices Oil United States North America

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

Green Car Congress

NOVEMBER 4, 2019

Gas demand growth was driven by its use in industry and buildings for heating. Electricity demand growth came mostly from the buildings sector as more people gained access to modern energy services and exceptional weather drove demand for heating and cooling. In 2018, higher oil prices helped dampen demand for road transport fuels.

Global

Global Energy 2018 Coal

BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

Green Car Congress

DECEMBER 4, 2016

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.

Mexico

Mexico Chevron Oil Oil Prices

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

SEPTEMBER 2, 2015

If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. According to an August 26 Bloomberg article , the Saudi government is seeking ways to reduce investment in 2016 “.as percent increase) and 2016 (3.5 James Crandell, a Cowen & Co.

Oil

Oil Saudi Arabia UAE 2015

Hyundai Heavy developing its own floating LNG ship

Green Car Congress

JANUARY 8, 2012

Since Hyundai FLNG takes 25% less time to build compared to the onshore liquefaction and storage plant, the offshore plant could be an attractive option for oil majors and global shipping companies looking to commercialize stranded gas in offshore fields, the company suggests.

Hyundai

Hyundai Oil Prices Gas Oil

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

OCTOBER 6, 2015

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.

Russia

Russia Saudi Arabia Iran Iraq

IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

Green Car Congress

JUNE 11, 2018

In 2016, the IMO confirmed that global refiners and shippers would have to comply with these new environmental regulations five years earlier than many anticipated, which sent tidal waves through two industries that typically take many years to adapt to such significant change. —Sandeep Sayal.

Fuel

Fuel Mariner Oil 2020

IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

Green Car Congress

AUGUST 28, 2017

On 27 October 2016, the International Maritime Organization (IMO) announced that beginning on 1 January 2020, the maximum sulfur content allowed in marine bunker fuel will be reduced from 3.50% mass by mass (m/m) to 0.50% m/m (35,000 ppm to 5,000 ppm)—five years earlier than many expected. Earlier post.)

Mariner

Mariner 2020 Fuel Oil

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

Because quickly rising natural gas production outpaces domestic consumption, the United States will become a net exporter of liquefied natural gas (LNG) in 2016 and a net exporter of total natural gas (including via pipelines) in 2020. Biofuels grow at a slower rate due to lower crude oil prices and. than in AEO2012.

Fuel

Fuel Energy Sale 2013

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

JANUARY 23, 2012

It also assumed implementation of existing regulations that enable the building of new energy infrastructure and resource extraction. The United States is projected to become a net exporter of liquefied natural gas (LNG) in 2016, a net pipeline exporter in 2025, and an overall net exporter of natural gas in 2021.

Oil

Oil 2005 Production 2010

Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

Green Car Congress

OCTOBER 3, 2016

Consequently, first and second generation bioproduct manufacturing processes are economically challenged, particularly in light of recent low oil prices. According to WDL Chairman, Dr. Sass Somekh, falling oil prices forced the company back to the lab to invent a new technology that would be more resistant to low fossil fuel prices.

Conversion

Conversion Carbon CO2 Oil Prices

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.

Saudi Arabia

Saudi Arabia Oil Iraq Iran

EV Driven

Oil Well Strippers Suffering From Low Oil Prices

Opinion: Could WTI Trade At A Premium To Brent By Next Year?

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

BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Hyundai Heavy developing its own floating LNG ship

Opinion: Is Russia Plotting To Bring Down OPEC?

IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Stay Connected