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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. oil may not be able to fill.

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

Green Car Congress

The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Meanwhile, mainland China has already become the top global importer of LNG.

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Roskill: Molybdenum demand to drop by more than 8% in 2020

Green Car Congress

The molybdenum market enjoyed three years of growing demand between 2016 and 2018, but macroeconomic concerns and a slower steel market resulted in a 2.3% Mine supply continued to edge higher in 2019, albeit by a relatively slow 0.7%—an —an identical rate of growth as 2018. decline in 2019. bbl in April 2020.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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Individual regional forecasts are set to a downtrend, and supply chain impacts are being felt, as the consequences of the virus have shuttered manufacturing and supplier facilities around the world. China slowly gaining momentum after shutdown. China slowly gaining momentum after shutdown. decline in global real GDP in 2020.

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Norweign Drivers switch to Electric Cars

EV Report

In comparison, in 2018 US and China had a total combined sales of 1.2 But recently due to outbreak of COVID-19, sales of electric vehicles have been affected with the consumer markets being shaken and oil prices being plunged to high. This has been the trend for the last 30 years. So how did this happen?

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Perspective: Toyota Prius Recall Is Only a Bump in the Road in the Move Toward Electrification

Green Car Congress

A major competitive threat comes from other regions, such as China, which view this technology as a means to leapfrog entrenched players. Oil price and supply dependencies will continue the search for alternative fuel sources, and battery powered vehicles can have a significant impact on that equation.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

This resulted in the significantly lower level of VMT growth after 2018 compared with AEO2013. Industrial shipments of bulk chemicals, which benefit from an increased supply of natural gas liquids, grow by 3.4% Projected low prices for natural gas make it a very attractive fuel for new generating capacity.

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