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The Next Oil Price Spike May Cripple The Industry

Green Car Congress

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.

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The 5 Countries That Could Push Oil Prices Up

Green Car Congress

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. by Nick Cunningham for Oilprice.com. bank Citi said. “The

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d in 2023, surpassing pre-pandemic levels. mb/d in 2022 to 2.2

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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

America’s dependence on oil ties our national and economic security to a highly-unpredictable, cartel-influenced global oil market. Diversifying the types of vehicles and fuels available to our drivers offers our city protection from often-volatile oil prices and better prepares us for the future.

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Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Green Car Congress

The total cost of ownership includes the vehicle price, annual fuel and maintenance costs and insurance. An AECOM-led study of plug-in electric vehicle economics for the New South Wales, Australia government concluded that electric vehicles are economically and financially viable in the NSW market today. Source: AECOM.

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

. “While we saw drops in EV battery shipment in the first quarter caused by customers’ battery inventory adjustment, we expect to see improved market environment backed by launches of new EVs in North America,” SK On Chief Financial Officer Kim Kyunghoon said in a post-earnings conference call. rise as of 0336 GMT.

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EIA: US refineries running at record levels; gasoline demand; exports up

Green Car Congress

Lower crude oil prices and strong demand for petroleum products, primarily gasoline, both in the United States and globally, have led to favorable margins that encourage refinery investment and high refinery runs. Much of the refinery output is reaching global markets, as net exports are 19% higher this year through May.

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