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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

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

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

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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. 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.

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Saudis Expand Price War Downstream

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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. So, who will reap the benefits of the low prices? per barrel while that of Reliance was $8.70

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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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Gt no later than 2017, i.e. just 1.0 India’s emissions rose by 140 Mt, or 8.7%, moving it ahead of Russia to become the fourth largest emitter behind China, the United States, and the European Union. Despite these increases, per-capita CO 2 emissions in China and India still remain just 63% and 15% of the OECD average respectively.

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The Fed Is Driving Down Oil Prices

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The Bloomberg Dollar Spot Index jumped to 1,187 in early trading on Friday, the highest level since July 2017. dollar to go up, which is putting downward pressure on prices,” Phil Flynn, analyst at Price Futures Group in Chicago, told Reuters. dollar is one important variable influencing oil prices. But the U.S.

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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

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Global energy demand grows by more than one-third over the period to 2035 in the New Policies Scenario (our central scenario), with China, India and the Middle East accounting for 60% of the increase. Oil demand reaches 99.7 In the New Policies Scenario, global coal demand increases by 21% and is heavily focused in China and India.

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