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The New Oil Cartel Threatening OPEC

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What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels. Electrification is where OPEC may have to face off with a future oil buyers’ cartel.

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The New Oil Cartel Threatening OPEC

Green Car Congress

What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels. Electrification is where OPEC may have to face off with a future oil buyers’ cartel.

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Eni report: global oil reserves and oil production up in 2018 due to US

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. also rose in Brazil and Norway. Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5 Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5

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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

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The projected change between now and 2040 will have implications beyond the car market. The research estimates that the growth of EVs will mean they represent a quarter of the cars on the road by that date, displacing 13 million barrels per day of crude oil but using 1,900 TWh of electricity. Although some 1.3

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040. The forecast, put together by the advanced transport team at BNEF, relies on likely future reductions in price for lithium-ion batteries and of prospects for the other cost components in EVs and internal combustion engine vehicles.

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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests. Contrary to some predictions that world oil production has peaked or will soon do so, Maugeri’s projections forecast the biggest jump in any decade since the 1980s. shale oil production. Oil: The Next Revolution."

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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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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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