Green Car Congress

APRIL 10, 2015

OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC.

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Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

MAY 13, 2015

The resulting crash in oil prices is forcing some production out of the market, and Saudi Arabia intends for the brunt of that to be borne by others. There is a lag between movements in the oil price and corresponding changes in production. But the effects of the oil price crash are now being felt.

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Saudi Arabia Oil Prices Oil Price 150

Baua Electric

MARCH 14, 2024

State-owned oil marketing companies will cut the prices of petrol and diesel across the country by Rs 2 from March 15, 6 am, as per social media posts by the Ministry of Petroleum and Natural Gas and Minister Hardeep Singh Puri on X today. So, the prices of petrol and diesel are linked to international benchmarks.

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Petrol Diesel Price Oil 52

Green Car Congress

SEPTEMBER 18, 2015

The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. Party On, Dude!

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Oil Oil-Sands Oil Prices 2015 150

Green Car Congress

JANUARY 7, 2015

Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.”

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Oil Oil Prices Gas Production 150

Green Car Congress

MAY 22, 2020

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.

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Oil Canada Oil-Sands Production 186

The Truth About Cars

SEPTEMBER 19, 2023

The Energy Information Administration (EIA) estimates that Americans were burning through a million fewer barrels of oil last week than they were the week before. What isn’t dropping is oil prices and that seems to be making all the difference. January may have boasted a national average a stone’s throw away from $3.30

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Price Saudi Arabia Fuel Oil 89

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

AUGUST 25, 2016

The official chatter is that the OPEC meeting in Algeria from September 26 to 28 could conclude with an agreement to freeze production by the member nations, with even Russia joining forces in a freeze that may prevent further oil price erosion. But lets rewind a bit to the nature of the recent chatter.

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Saudi Arabia Iran Algeria Oil Prices 150

Green Car Congress

MARCH 27, 2020

EVs also face another headwind with the low price of oil prices, making them less competitive in terms of fuel cost savings vis-à-vis their internal combustion engine counterparts. Following a deceleration of electric vehicle (EV) sales growth in 2019, IHS Markit expects EV sales to stagnate in 2020 and likely into 2021.

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Gasoline 2020 Gasoline-Electric 2008 269

Green Car Congress

JANUARY 31, 2017

If the proposed broad 20% border-adjustment tax were implemented and applied to the energy sector, the result would likely lead to a large increase in gasoline prices and a big premium in domestic oil prices vs. international, according to new analysis by Bloomberg Intelligence. Pump prices could rise an average $0.30

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Tax Gasoline Price Oil 150

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

APRIL 1, 2015

The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. Investor confidence in Argentina has been damaged by heavy-handed nationalist politics, including the nationalization of oil company YPF in 2012.

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Argentina Oil Oil Prices Environment 150

Green Car Congress

FEBRUARY 28, 2022

The bp board announced that bp will exit its shareholding in Rosneft, a Russian state-controlled oil and gas company. bp will continue to comply with all relevant international trade rules and sanctions. bp has held a 19.75% shareholding in Rosneft since 2013. Bob Dudley has been a director of Rosneft since 2013.

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Russia Ukraine 2013 Financing 186

Green Car Congress

JUNE 27, 2012

Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests. But if oil prices remain above about $70 per barrel, sufficient investment will occur to sustain continued growth in production, possibly leading to a stable phenomenon of oil overproduction after 2015.

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Oil Oil-Sands Price Production 261

Green Car Congress

NOVEMBER 21, 2014

Iran has signaled its willingness to accept international inspections of its nuclear program and the possibility of receiving enriched uranium from abroad. He says a deal is more likely than not due to the enormous financial pressure Iran is experiencing because of falling oil prices.

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Iran Oil Saudi Arabia Market 236

Green Car Congress

MARCH 23, 2017

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. Having a smaller footprint globally would, in turn, mean that OPEC would wield less influence over the price of oil.

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Iraq Saudi Arabia Oil Oil Prices 150

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.

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Saudi Arabia Oil Iraq Iran 150

Green Car Congress

SEPTEMBER 13, 2017

Public statements from officials at Saudi Aramco—operating since May 2016 under a new oil minister—indicate that the company expects to increase oil production above recent historic highs. Further ahead, the company is considering investments to increase its capacity beyond the current maximum 12.5

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Saudi Arabia Oil Production Climate 150

Green Car Congress

JULY 8, 2011

(In April 2010, regional partners established an Oil Shale Cooperation Centre in Jordan, the outcome of the workshop organized by the EU-funded Euro-Mediterranean Energy Market Integration Project ( MED-EMIP ). A more vigorous investigation on oil shale began in 1980, but was stopped in 1985 due to the decrease in oil prices.

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Oil Syria Jordan Egypt 278

Green Car Congress

AUGUST 31, 2011

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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2010 Brazil Global Argentina 256

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.". James Crandell, a Cowen & Co. percent to $38.1 dollar spreadsheet.

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Oil Saudi Arabia UAE 2015 150

Green Car Congress

DECEMBER 22, 2013

biofuel made from cellulose, algae, duckweed, or cyanobacteria) could mitigate the current elevated risk of investing in the industry that is retarding its advance, according to a new paper by a team from the International Council on Clean Transportation (ICCT) and Johns Hopkins University. —Miller et al. Pacific Ethanol, Rentech Inc.,

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Tax Tax Credit Industrial Industry 262

Green Car Congress

OCTOBER 6, 2016

Under the terms of the MoU, the three companies will actively cooperate to boost the further development of methane for vehicle usage in the form of Compressed Natural Gas (CNG). Together, FCA and IVECO intend to further develop their ranges of natural gas vehicles. This will result in a direct benefit of €1.5 billion (US$1.7

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Gas Fuel Italy Vehicles 199

Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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Oil 2016 Oil-Sands Global 150

Green Car Congress

AUGUST 26, 2012

The company has now received official approval from Lloyd’s Register for use at sea. Considering today’s oil prices and the efforts being made by the IMO, for example with the coming International Energy Efficiency Certificate (IEE), we believe that this product really has come at exactly the right time. Earlier post.)

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Waste Installation Mariner Fuel 300

Green Car Congress

JULY 8, 2010

meets the key international standards for alternative aviation fuels, according to the company. The economic target of Evogene’s castor development program is for its varieties to be price competitive without government subsidies at an oil price equivalent to $45 per barrel. Earlier post.).

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Oil Oil Prices Brazil 186

Green Car Congress

JANUARY 31, 2018

New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas.

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North America Oil America Oman 150

Green Car Congress

NOVEMBER 13, 2013

High oil prices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy. However, this does not imply a new era of oil abundance, the report cautions.

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Oil 2013 Energy Emissions 275

Green Car Congress

MARCH 2, 2015

billion in research and development last year, more than ever before and more than any other company worldwide. Speaking on the eve of the Geneva International Motor Show, Prof. Oil will not be as cheap as it is at the moment for ever. The CO 2 limits apply irrespective of fuel prices. The Volkswagen Group invested €11.5

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2014 Vehicles Automobile Climate 150

Green Car Congress

MAY 23, 2016

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels.

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Saudi Arabia Iran Store Oil 150

Green Car Congress

APRIL 30, 2016

The study was commissioned by a coalition of fuel suppliers and automotive companies with a view to identifying a roadmap to 2030+ to identify GHG abatement options at the lowest cost to society. The coalition comprises BMW, Daimler, Honda, NEOT/St1, Neste, OMV, Shell, Toyota and Volkswagen.

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Transportation Emissions Fuel Vehicles 150

Green Car Congress

FEBRUARY 15, 2012

In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. The report calculated that if companies had to pay for the full environmental costs of their production, they would lose 41 cents for every US$1 in earnings on average. Source: KPMG.

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Climate Change Water Climate Global 310

Green Car Congress

AUGUST 30, 2009

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

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Transportation Fuel Renewable Gasoline-Electric 317

Green Car Congress

OCTOBER 6, 2015

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

JULY 12, 2011

Assumes there are only Internal Combustion Engines (ICEs) and Hybrid Electric Vehicles (HEVs) available, with no Plug-in Hybrid Electric Vehicles (PHEVs) or pure Electric Vehicles (EVs). The analysis is based on central forecasts of oil price, electricity. However, as EV and PHEV prices gradually reach. Scenario 1.

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PHEV Oil Prices Australia Price 210

Green Car Congress

NOVEMBER 9, 2010

We would expect that new reserves of conventional and unconventional oil may become available for exploration due to geological exploration and advances in oil extraction techniques or that extraction from less feasible oil fields becomes more economically attractive. All of these factors would change our predicted outcome.

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Davis Renewable Gasoline Market 300