Green Car Congress

JULY 12, 2021

The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. The oil price (Dated Brent) averaged $41.84/bbl bbl in 2020—the lowest since 2004. Global oil demand fell 9.3%, with the largest falls seen in the US (-2.3 The US (-2.3

2020 397

2020 Oil Saudi Arabia Energy 397

Green Car Congress

JUNE 18, 2022

Despite economic headwinds, steady demand for light sweet crude in a tight physical market is boosting marker grade prices as they are in the same crude quality family. Since 6 June, WTI and Brent futures have averaged above $120/bbl. North Sea Dated hit $127.9/bbl bbl on 13 June.

Oil 210

Oil Global Libya Russia 210

DIY Electric Car

NOVEMBER 28, 2010

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. This increase in oil prices again pushed the economy into a recession.

USA 180

USA Oil Prices Oil 2001 180

Green Car Congress

APRIL 6, 2017

billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2016, only 3.7 percent of global proved reserves.

Russia 150

Russia Oil 2016 Oil Prices 150

Green Car Congress

APRIL 6, 2015

Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. In the US there is uncertainty over the future of the US Production Tax Credit for wind, but costs are now so low that the sector is more insulated than in the past.

2014 150

2014 Renewable 2013 Wind 150