article thumbnail

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
article thumbnail

Pike Research forecasts global biofuels market to double by 2012 to $185.3B

Green Car Congress

Ultimately, widespread commercialization will depend on whether these ventures can reach price. Key trends identified in the report include: Oil prices are expected to climb over the next decade, driving increased interest in. Number of off-take agreements with oil and chemical will increase, confirming the trend.

Global 253
article thumbnail

Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

between 2017 and 2021, as a combination of higher oil prices, emerging mandate. The report identifies a number of key trends, including: Oil prices are expected to climb over the next decade, driving increased interest in. The number of off-take agreements with oil and chemical will increase, confirming the trend.

Global 225