Green Car Congress

DECEMBER 8, 2020

The data speaks to a major problem for the petroleum industry and oil prices as it recovers from unprecedented demand declines for most of 2020. A persistent rebound in global oil markets requires profitability in transportation products. and 1.1%, respectively. But that won’t happen until demand recovers.

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Gasoline 2020 Wyoming New Jersey 321

Green Car Congress

APRIL 18, 2020

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

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2020 Commercial Global Production 191

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. But, WoodMackenzie says, many of these still-to-be-launched projects are uneconomical at oil prices in the $50s per barrel, meaning that they should not be expected to get the all-clear anytime soon. Since (non-U.S.

Oil Prices 170

Oil Prices Oil Industrial Industry 170

Green Car Congress

SEPTEMBER 13, 2020

Roskill expects demand for molybdenum to drop by more than 8% in 2020. The price of molybdenum oxide reached a peak of US$12.5/lb By December, the molybdenum oxide price stood at US$9.5/lb In the first half of 2020, the Brent crude oil price crashed from US$67.3/bbl bbl in April 2020. decline in 2019.

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2020 2019 2018 Oil 186

Green Car Congress

AUGUST 7, 2020

Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. bbl in 2020 and $49.25/bbl bbl in 2021—up $7.09/bbl bbl and $5.25/bbl,

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Saudi Arabia Oil Prices Oil Price 186

Green Car Reports

APRIL 13, 2020

The research firm Wood Mackenzie last Wednesday already suggested that it will—and that global sales of electric vehicles could drop 43 percent in 2020. Could the economic downturn triggered by the COVID-19 pandemic affect electric vehicle sales? The firm’s research ratcheted EV sales expectations way down from 2.2

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Oil Prices Sale Oil Market 162

Green Car Congress

DECEMBER 30, 2015

The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion. mb/d for 2035 to 2040.

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Oil Prices Oil Price Climate Change 150

Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

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Oil Global 2003 2007 276

Green Car Congress

MARCH 27, 2020

The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8

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Gasoline 2020 Gasoline-Electric 2008 269

Green Car Congress

AUGUST 7, 2015

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. by Nick Cunningham of Oilprice.com.

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Oil Saudi Arabia Supplies Oil Prices 150

Green Car Congress

APRIL 15, 2017

This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. shale production, new oil discoveries, and new project start-ups also differ a lot. shale output. million bpd.

Oil 150

Oil Supplies Oil Prices 2017 150

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.) —Kurt Barrow.

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Mariner 2020 Fuel Oil 150

Green Car Congress

NOVEMBER 7, 2011

Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. The world is nearing a paradigm shift in oil demand. Lindemer LLC.

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Oil 2010 2020 Global 210

Green Car Congress

APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

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2020 Energy Transportation Oil Prices 150

Green Car Congress

JANUARY 23, 2019

The latest crash in oil prices once again raises this prospect. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells. It’s really 2020 and 2021.”. production levels.

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Oil Oil Prices 2019 Price 236

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. It all represents the strongest headwinds for shale producers since the oil price collapse in 2015. Modest growth is expected to resume in 2022.

Oil 170

Oil Price Oil Prices Production 170

Green Car Congress

JANUARY 6, 2022

Average utilization for US plants climbed from 43% in third quarter 2020 to 98% in third quarter 2021. Meanwhile, mainland China has already become the top global importer of LNG. A new map of LNG is taking shape as 2021 became the year of rapid recovery, making the oversupply and price lows of 2020 seem like a distant memory.

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Qatar China United States Brazil 186

Green Car Congress

APRIL 7, 2021

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. million b/d from March 2020.

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2019 Fuel Coal 2020 186

Green Car Congress

NOVEMBER 12, 2012

The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades.

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Global 2012 Energy Oil 225

Green Car Congress

APRIL 8, 2015

In a new report, Navigant Research forecasts that total annual global light-duty start-stop vehicle (SSVs) sales will reach 59 million, accounting for 55% of all light duty vehicle sales. The other driver for SSV technology is consumer demand—present in Europe and some Asia Pacific countries for some time thanks to high fuel prices.

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Light North America Global Sale 150

Green Car Congress

FEBRUARY 12, 2019

CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 Solid new housing starts and home prices rebounding to pre-recession levels. The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 million units for 2019. million units in 2021.

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2019 Light Sale Mexico 170

Green Car Congress

JUNE 1, 2016

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. The price acts as a self-correcting mechanism.

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Oil Supplies Market Oil Prices 150

Green Car Congress

JULY 6, 2018

oil and gas production gives us greater leverage against OPEC,” the Times of India quoted an Indian official as saying last month after the formal start of said talks. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. The boom in U.S. Japan is a leader in battery manufacturing.

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Oil India Oil Prices Japan 170

Green Car Congress

JULY 6, 2018

oil and gas production gives us greater leverage against OPEC,” the Times of India quoted an Indian official as saying last month after the formal start of said talks. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. The boom in U.S. Japan is a leader in battery manufacturing.

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Oil India Oil Prices Japan 150

Green Car Congress

APRIL 3, 2022

The research project thus has the potential to allow for more efficient and economical transport of hydrogen, which can in turn contribute to the expansion of global hydrogen supply chains. This collaboration comes at a timely moment, on the back of rising oil prices.

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Singapore Hydrogen Corporation Japan 150

Green Car Congress

JANUARY 19, 2011

Over the same period, energy intensity, a key measure of energy use per unit of economic output, is set to improve globally led by rapid efficiency gains in the same non-OECD economies, under these projections. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990. The net growth of 16.5

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Energy Economy Global Oil-Sands 210

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6

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Oil Oil-Sands Price Production 261

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.

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Oil Prices Oil United States North America 150

Green Car Congress

FEBRUARY 8, 2018

However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. Impact of subsidy removal on cumulative change in emissions from 2020 to 2030 at the regional level (colored bars). This equates to 0.5-2

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Emissions Fuel CO2 Oil 186

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. The recent signals from the IMO have been clear, IHS Markit said.

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Fuel Mariner Oil 2020 170

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.

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Mexico Chevron Oil Oil Prices 150

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. as the drop in oil prices over the last year has put a strain on the nation’s finances.". for 2015 (based on actual average monthly prices through August of 53.97

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Oil Saudi Arabia UAE 2015 150

Green Car Congress

JUNE 20, 2011

billion by 2020. The company aims to transform the chemical industry through the cost-advantaged, smaller-footprint production of bio-based chemicals as direct replacements for major industrial chemicals that are currently petroleum-based in a trillion-dollar global market. billion by 2020. billion in 2011 to $98.5

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Green Car Congress

APRIL 10, 2009

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

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Oil Standards Price Oil Prices 150

Green Car Congress

JULY 25, 2013

Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013.

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2010 Transportation Fuel Energy 317

Green Car Congress

JANUARY 1, 2011

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. CAGR from 2012 through 2020 to about $250/kWh. Click to enlarge.

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Transportation Gasoline Lithium Ion Gasoline-Electric 250

Green Car Congress

NOVEMBER 11, 2010

Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The Boston Consulting Group (BCG). By 2020, CSP could provide power at $0.10 Click to enlarge.

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Solar Boston Consulting Group Power Powered 295