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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

Statoil says that global capex is set to fall for two years in a row, and is on track to fall for a third year in 2017 as more spending cuts are likely. That widens to more than a million barrels per day in both 2017 and 2018. That will prevent any short-term price spike even if depletion surpasses new production.

Oil 150
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IEA: global energy efficiency progress drops to slowest rate since start of decade

Green Car Congress

improvement in 2017 and marked the third year in a row the rate has declined. In China and India, primary intensity improved by almost 3%, a slight drop on 2017 levels. In China and India, primary intensity improved by almost 3%, a slight drop on 2017 levels. This was slower than the 1.7% of total transport final demand.

Global 150
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Norweign Drivers switch to Electric Cars

EV Report

Most people do know and feel that if we drive electric cars we could reduce the consumption of oil and could reduce pollution. It is seen only one third is taking step to buy at any point of time. By 2017, the number of stations increased to 300 from 2014. Americans still love their air-polluting and smog-producing gas guzzlers.

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Saudis Expand Price War Downstream

Green Car Congress

Along with acquiring a controlling stake in Korea’s S-Oil, the desert kingdom is commissioning a new refinery in Jizan which would have a capacity of around 400,000 barrels per day when it begins operations in 2017. Moreover, Indian refiners are now moving away from Saudi Arabia which was previously India’s largest crude oil supplier.

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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. emissions is not taken before 2017, all the allowable CO 2. — WEO-2012. If action to reduce CO 2.

Global 225