Green Car Congress

APRIL 24, 2015

Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels.

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Saudi Arabia Oil Prices Oil Price 150

Green Car Congress

DECEMBER 5, 2018

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. million barrels daily, including from Russia, to reverse the free fall of oil prices. Saudi Arabia cannot afford another slump in oil prices,” he warns. “It

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Saudi Arabia Oil Prices Russia Oil 255

Green Car Congress

JUNE 18, 2022

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 this year, world oil demand is forecast to expand by 2.2

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Oil Global Libya Russia 210

Green Car Congress

FEBRUARY 3, 2015

However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. —Nigel Griffiths, chief automotive economist, IHS Automotive. North America.

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2015 Light Market Global 150

Green Car Congress

FEBRUARY 3, 2017

The Oil War Is Only Just Getting Started. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity.

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Oil Saudi Arabia Oil Prices Low Cost 150

Green Car Congress

SEPTEMBER 8, 2022

That price will be the highest inflation-adjusted monthly average price since 2008. EIA expects demand for natural gas to remain high despite high prices for the commodity. EIA expects that oil prices will remain somewhat the same for the rest of the year, although with continued price volatility.

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Gas Price Global Gas-Electric 150

Green Car Congress

JANUARY 6, 2022

The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Spot LNG prices have soared past previous records. MMt in 2021, surpassing the previous record of 5.8

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Qatar China United States Brazil 186

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. From OPEC to Russia, everyone is at record production levels.

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Saudi Arabia Iran Algeria Oil Prices 150

Green Car Congress

NOVEMBER 18, 2015

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

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Saudi Arabia Oil Europe Russia 150

Green Car Congress

MARCH 8, 2017

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

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Oil Prices Saudi Arabia Oil Price 170

Green Car Congress

OCTOBER 25, 2015

In other words, banks are allowing drillers to continue to borrow, which could delay the inevitable balancing needed in the market. It may just delay the adjustment for oil markets. “It Bond markets have essentially been ruled out as a new source of finance for high-yield producers.

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Saudi Arabia Oil Prices Oil Russia 150

Green Car Congress

FEBRUARY 28, 2022

Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region. bp has operated in Russia for over 30 years, working with brilliant Russian colleagues. bp will also exit its other businesses with Rosneft within Russia. However, this military action represents a fundamental change.

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Russia Ukraine 2013 Financing 186

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

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Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

MARCH 13, 2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

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Argentina Oil Oil Prices Chevron 150

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. percentage points.

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

DECEMBER 28, 2015

Overall, Navigant expects the worldwide market for light-duty NGVs to grow at a compound annual growth rate (CAGR) of 4.3% Navigant expects Asia Pacific to remain the largest market, with more than 1.56 Various regional factors affect the markets for natural gas vehicles (NGVs), Navigant observes. million, accounting for 2.6%

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2015 Gas Global North America 150

Green Car Congress

JULY 30, 2019

Asia Pacific’s oil dependence continues to grow, ranking first in terms of deficit. Global oil demand grew by 1.4%, slightly lower than in 2017 (+1.6%) in a context of increasing oil prices. The growth is slightly under the five-year average of 1.7% recorded in 2013-2017.

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Saudi Arabia Oil 2018 Global 170

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

SEPTEMBER 2, 2015

The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

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Oil Saudi Arabia UAE 2015 150

Green Car Congress

APRIL 18, 2020

Key regional insights on a few major markets follows: For the North American market, IHS Markit forecasts a production decline of more than 30% in Class 4-8, or about 198,000 units from previous forecasts, as the economic slump combines with rapidly ebbing replacement pressure to undermine new orders.

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2020 Commercial Global Production 191

Green Car Congress

JUNE 13, 2012

Oil remains the world’s leading fuel, but its 33.1% Coal’s market share of 30.3% The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world.

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Coal Oil Renewable Saudi Arabia 261

Green Car Congress

JANUARY 19, 2011

World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. Click to enlarge. mmbpd by 2030 from 1.8

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Energy Economy Global Oil-Sands 210

Green Car Congress

MAY 27, 2009

World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 ( IEO2009 ) released today by the US Energy Information Administration (EIA).

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2006 Emissions Energy Oil-Sands 150

Green Car Congress

NOVEMBER 12, 2012

The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. Links between regional gas markets will strengthen as liquefied natural gas trade becomes more flexible and contract terms evolve.

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Global 2012 Energy Oil 225

Green Car Congress

SEPTEMBER 10, 2014

oil shale), and refinery gain. World markets for petroleum and other liquid fuels have entered a period of dynamic change in both supply and demand, the EIA noted, leading to its reassessment of its outlook for long-term global liquid fuels markets in IEO2014.

Asia 341

Asia Transportation Oil-Sands Oil Prices 341

Green Car Congress

MAY 9, 2020

All producing countries are subject to the same brutal market forces. —Jim Burkhard, vice president and head of oil markets, IHS Markit. IHS Markit expects oil demand in the second quarter of 2020 to be 22 MMb/d less than a year ago. But under these market conditions, it is pretty clear where production will be cut.

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Oil 2020 Global Oil Prices 170

Green Car Congress

JULY 4, 2009

Winterkorn noted that the industry is experiencing its worst crisis in decades, with a collapse in the global market of 18% in the first half of this year. Volkswagen is Europe’s largest automaker, and saw its global new vehicle market share increase to 11% during the first quarter of 2009. Although Volkswagen sales were down 5.1%

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2013 Companies Gas-Electric Recharge 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

NOVEMBER 20, 2016

Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. But while it produces at similar levels as Russia and the US, it is long been a vastly more influential player in the oil world. It is doubtful that it has done that consistently since the 1980s.

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Saudi Arabia Oil Oil Prices Russia 150

Green Car Congress

JUNE 12, 2015

“NEB and GNWT study finds 200 billion barrels of oil in the Sahtu,” gushed CBC News , referring to a region of the sprawling territory that cuts across three provinces and touches the Arctic Ocean. But as was mentioned earlier, the NEB did not do that recoverable-oil calculation. The project was approved by the NEB in 2010.

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Oil-Sands Oil North Dakota Oil Prices 150

Green Car Congress

NOVEMBER 13, 2013

The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Oil use grows, but in a narrowing set of markets. Mobility and oil. The decline in oil use in OECD countries accelerates. Source: IEA.

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Oil 2013 Energy Emissions 275

Green Car Congress

MARCH 14, 2011

Current high prices of food, oil and many other resources are indications of increasing scarcity. This scarcity, however, has little to do with stock depletion; badly functioning markets and wrong policy reactions play a particularly important role, according to a new analysis by the PBL Netherlands Environmental Assessment Agency.

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Market Netherlands Price Oil 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. The IEA also faulted production cuts stemming from Russia and Saudi Arabia.

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Price Saudi Arabia Fuel Oil 91

Green Car Congress

NOVEMBER 13, 2011

Alternative technologies, such as hybrid and electric vehicles that use oil more efficiently or not at all, continue to advance but they take time to penetrate markets. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. billion in 2035. Click to enlarge.

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Oil Transportation Cheap Fleet 247

Green Car Congress

FEBRUARY 26, 2022

Prices for nickel, a key battery material, rose to their highest levels since 2011 this week following Russian president Vladimir Putin’s decision to send troops into Ukraine. Oil prices rose to a seven-year high above $100 a barrel, while palladium, used in catalytic converters, also hit a seven-month high.

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Ukraine Auto Industry Industrial Industry 334

Green Car Congress

AUGUST 12, 2021

We are engaging with relevant OPEC+ members on the importance of competitive markets in setting prices. Competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must do more to support the recovery. As a result, EIA’s crude oil price forecast remains mostly unchanged from the July STEO.

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Oil Production North Dakota Montana 243

Tony Karrer Delicious EVdriven

APRIL 19, 2009

News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Andy Grove on battery power To wean itself from imported oil, the U.S. 0.50% 10yr 98 10/32 Yield: 2.94% Apr 17 4:02pm ET † Company Price % Change Unisys Corporation 1.50

2009 39

2009 Industrial Industry Electric Cars 39