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The four-week rolling average of US crude oil export volumes has not fallen below 2.00 million b/d during the past three years, despite the COVID-19 pandemic, which caused significant crude oilprice drops, reduced demand, and reduced production in US and global oil markets. b lower than the Brent price.
Two professors from MIT and UC Davis have released a paper challenging the recent claims by the Renewable Fuel Association (RFA) and US Secretary of Agriculture Vilsack that ethanol production decreased gasoline prices by $0.89 in 2010 and 2011, respectively. It is strongly correlated with any trending variable.
gigatonnes (Gt) in 2011, according to preliminary estimates from the International Energy Agency (IEA). Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). Gt above 2011 levels. Gt above 2011 levels. In 2011, a 6.1% Gt on 2010, or 3.2%.
At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%. savings stimulated by high oilprices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. combined, where emissions increased by 9% and 6% respectively in 2011.
UK-based market analyst visiongain projects that global spending in 2011 on advanced oil & gas exploration technologies will total $10.17 visiongain’s Advanced Oil & Gas Exploration Technologies Market 2011-2021 report analyses the development of this market over the next ten years.
United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.
The divergence of West Texas Intermediate (WTI) and Brent crude oilprices in 2011 affected refinery utilization in the United States, particularly in the East Coast (PADD 1) and Midwest (PADD 2) regions, according to a report from the US Energy Information Administration (EIA). Source: EIA. Click to enlarge. PADDs 4 and 5.
The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oilprices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.
Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oilprices throughout the economy.”. decline curves eventually catch up with fewer rigs, oil supplies should start to fall.
The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oilprices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. per barrel.
energy sector will spur a flurry of M&A and investment activity in 2011 as renewable energy. Sustainable Industries Predictions for 2011 include: Cap and Trade Discarded by Congress in National Energy Policy. Rising OilPrices Lead to Investments in Natural Gas. Cascadia Capital , a diversified, boutique investment.
The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oilprices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65
million) in 2011. The price spread between different vegetable oils and renewable diesel producers’ margins improved towards the end of the quarter. For the first nine months of 2012, Neste Oil reported losses of €54 million (US$70 million), compared to losses of €148 million (US$192 million) for the same period in 2011.
in 2011, close to the historical average. Oil remains the world’s leading fuel, but its 33.1% in 2011, broadly in line with the historical average but well below the 5.1% Brent oilprices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl, Source: BP.
billion in 2011 to $98.5 The 2011 award winners are: Greener synthetic pathways: Genomatica, San Diego, Calif. Genomatica has been producing BDO at pilot scale in 3,000 liter fermentations since the first half of 2010, and is moving to production at demonstration scale in 2011. billion in 2011 to $98.5 billion by 2020.
Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).
Crude oil to natural gas price ratio. The ratio increased because of both increasing crude oilprices and decreasing natural gas prices. The spot price for Brent crude oil has increased 19% in the last six months, from $103.90 per barrel on 3 October 2011 to $123.81 Source: EIA.
The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Shale gas offsets declines in other US supply to meet. Source: EIA. Click to enlarge.
” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oilprices in the $90/bbl region. Volt manufacturing capacity will rise from 10K in 2011 to about 65K in 2012.
billion in 2011 to $185.3 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. Key trends identified in the report include: Oilprices are expected to climb over the next decade, driving increased interest in. billion by 2021. However, despite strong. BGPY of biofuels demand.
The cost associated with replacing a barrel of produced oil has risen from $6 per barrel in 1998 to $27 per barrel in 2011, according to Lux Research—an increase of 350%.
In 2011 and 2012, higher oilprices and increased fuel efficiency of light-duty vehicles contributed to reduced US consumption. Declines in petroleum consumption in the United States in 2008 and 2009 occurred during the economic downturn. Increased consumption in 2010 reflected improving economic conditions.
In 2011, the largest dollar volume for Li-ion automotive applications could come from the mini EV and EREV segment. As one example of factors contributing to that decision, a survey of projected oilprices returned values between $30 and $250 a barrel, he said.). Representative battery pack size is below each segment.
With prices expected to increase in the long term, however, the world oilprice in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013. Electricity generation from nuclear power worldwide increases from 2.6 trillion kilowatthours in 2010 to 5.5
Uncertainty range of the aviation GHG emissions under the High Oilprice scenario (the most optimistic for biojet adoption), given in a box plot depicting the minimum, quartile, and maximum values. With biojet options, under the high oilprice scenario (the most optimistic for biojet adoption), the median (i.e.,
A new study by the Peterson Institute for International Economics concluded that the Kerry-Lieberman “American Power Act”—the energy and climate change legislation recently introduced in the Senate ( earlier post )—would reduced US oil imports by 33-40% below current levels and by 9-19% below projected business-as-usual levels by 2030.
Investment into emerging oil and gas E&P (exploration and production) technologies, which were nearly non-existent in 2003, at just $57 million, have attracted nearly $7 billion in private investment from 497 unique transactions, according to a new report from Lux Research, “ Investing in Next Generation Oil and Gas Technologies ”.
The company’s ultima goal is series production of DME fuel systems for the global automotive market by 2011. At current oilprices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel.
In a newly released report, market analyst Visiongain has calculated the Arctic oil and gas exploration and production market to be worth $11.93 billion in 2011, and is anticipating growth over the next ten years.
Among its many findings, the Reference case suggests that US primary energy consumption will grow by 7% from 2011 to 2040 to 108 quadrillion Btu. However, energy use per capita declines by 15% from 2011 through 2040 as a result of improving energy efficiency (e.g., quadrillion Btu in 2011 to 14.0 than in AEO2012.
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. —WEO 2011.
Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Such an increase in capacity could prompt a plunge or even a collapse in oilprices, he suggests.
The current plunge in oilprices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.
This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oilprice forecasts by Wall Street’s major investment banks. According to the IEA, supply could lag demand in a few years, which could lead to a surge in oilprices. “
The executives also foresee shale oil and gas having a transformative effect on helping to meet the world’s energy needs, according to the results of the 9 th Annual Energy Survey conducted by the KPMG Global Energy Institute. Alternative energy sources. 69% anticipate operating costs will go up over the next 12 months as well.
The new report— Oil & Gas Capital Expenditure Outlook, H1 2012 —forecasts that the total oil and gas capex will increase by 13.4% this year over the 2011 total of $916 billion, as oil companies intensify upstream operations across locations as diverse as offshore Brazil, the Gulf of Mexico and the Arctic Circle.
billion in 2011 to $185.3 compound annual growth rate (CAGR) between 2011 and 2021. between 2017 and 2021, as a combination of higher oilprices, emerging mandate. between 2017 and 2021, as a combination of higher oilprices, emerging mandate. billion by 2021. A more robust growth is expected.
That estimate puts a total of 496,000 plug-in electric vehicles on US roads in 2015, with annual sales of 27,000 for 2011; 77,000 for 2012; 116,000 for 2013; 136,000 for 2014; and 140,000 for 2015. Deployment Rollout Estimate of Electric Vehicles 2011-2105. The study uses hybrid vehicle sales in each of the 50 states as a proxy for.
High oilprices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy. million barrels of oil equivalent per day (mboe/d) in 2011 to 4.1 Biofuels use triples, rising from 1.3
in 2011 as economic growth fuels higher energy consumption. However, even with increases in 2010 and 2011, projected CO 2 emissions in 2011 are lower than annual emissions from 1999 through 2008. EIA projects that world oil consumption will grow by 1.5 million bbl/d in 2011, similar to the forecast of last month.
Total costs of ownership were calculated for the full range of powertrains and van sizes in 2011, 2020 and 2030, taking account of depreciation and financing costs, fuel costs, servicing and insurance. A 45 kWh battery pack will decrease in cost from £30,000 (US$47,000) in 2011 to £16,000 (US$25,000) in 2020, a reduction of 47%.
The Obama Administration’s recent extension of the offshore oil-drilling moratorium through 2011 has also renewed investor interest in on-shore oil reserves. More than 25 companies are involved in oil shale development. Market Risks : The economic competitiveness of oil shale and CTL is contingent on high oilprices.
In November 2012 the Office for National Statistics published the Living Costs and Food Survey for 2011. Diesel prices are a few p higher per liter. Pre-tax, the UK has some of the cheapest road fuel prices in Europe, according to the OFT.) —Professor Stephen Glaister, director of the RAC Foundation.
signed and completed on 30 December 2011 an agreement to enter into a Joint Venture with Chesapeake Exploration, L.L.C.,a This is consistent with our strategy to develop positions in unconventional plays with large potential and, in this case, with value predominantly linked to oilprice.
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