Oil Oil Prices Products Stimulus 
Green Car Congress
JUNE 1, 2016
Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. The price acts as a self-correcting mechanism.
Green Car Congress
MAY 13, 2015
Saudi Arabia continues to ratchet up production, taking market share away from US shale producers. According to OPEC's latest monthly oil report , Saudi Arabia boosted its oil output to 10.31 That was enough for the de facto OPEC leader to claim its highest oil production level in more than three decades.
Green Car Congress
APRIL 18, 2020
IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 Most commercial vehicle factories in mainland China have returned to production. million units, in the wake of the COVID-19 pandemic. decline in global real GDP in 2020.
Green Car Congress
APRIL 7, 2021
The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.
Green Car Congress
FEBRUARY 17, 2012
At least 38 national governments have enacted blending mandates or targets to accelerate the expansion of biofuels production and consumption in the transportation sector. growth in the industry over the next decade, Pike expects production volumes to fall short of an estimated 71.8 Pike expects ethanol production to maintain its.
Green Car Congress
SEPTEMBER 20, 2011
Global energy intensity—defined as total energy consumption divided by gross world product—increased 1.35% in 2010, the second year of increases in the context of a broader trend of decline over the last 30 years, according to a new Vital Signs Online article from the Worldwatch Institute. Global energy intensity, 1981-2010.
Green Car Congress
OCTOBER 13, 2011
According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike projects that by 2021, the production of biofuels derived from a range of feedstocks will reach 65.7 Pike expects ethanol production to maintain its.
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