Green Car Congress
MARCH 24, 2016
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. That is not good news for oil prices.
Green Car Congress
AUGUST 31, 2016
The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. 8 article , QEP Resources paid $60,000 an acre to an undisclosed owner in June. Link to original article: [link]. by Nick Cunningham of Oilprice.com.
Baua Electric
APRIL 28, 2024
Analysts say rising oil prices benefited the company’s petrochemical business, helping to offset losses from its battery unit SK On, which has been facing weaker electric vehicle (EV) battery demand. Ford executives have said they will not launch the next generation of EVs until its EV business is profitable.
Green Car Congress
OCTOBER 29, 2015
Instead it pursued a strategy of fighting for market share, contributing to an immediate rout in oil prices. OPEC is widely expected to continue its current strategy at its next meeting, and as such, no rebound in oil prices is expected, at least not because of the results of the group’s meeting in Vienna.
Electric Auto Association
JULY 7, 2022
This article was first posted on the West Virginia Electric Auto Association (WVEAA) site. The market pricing for vehicle fuels depends largely on global supply/demand and foreign crises with the net result of sometimes extreme price volatility.
Green Car Congress
MARCH 3, 2017
The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. Link to original article: [link].
Green Car Congress
JUNE 23, 2016
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.
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