2013, Oil Prices and Supplies

US Shale Is Immune To An Oil Price Crash In 2017

Green Car Congress

MAY 18, 2017

shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S.

Oil Prices

Oil Prices Oil 2017 Price

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

Oil Prices

Oil Prices Oil Price Carbon

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Green Car Congress

APRIL 15, 2017

This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. shale production, new oil discoveries, and new project start-ups also differ a lot. shale output.

Oil

Oil Supplies Oil Prices 2017

Oxford Catalysts to supply 1,000 bpd commercial GTL plant

Green Car Congress

SEPTEMBER 7, 2012

Oxford Catalysts Group PLC has been selected to supply Calumet Specialty Product Partners, L.P. The plant design is expected to be complete by the end of 2012, with site specific engineering and a decision to begin fabrication occurring in the first half of 2013.

Supplies

Supplies Commercial North America Pennsylvania

IEA says oil supplies may not keep up with demand

Green Car Congress

NOVEMBER 15, 2014

A year ago, after the IEA released its 2013 WEO, I wrote about how the IEA was placing a surprising amount of faith in the ability of Iraq to scale up its oil production. Under that assumption, oil prices would rise only a modest amount over that timeframe. million bpd by 2035.

Oil

Oil Iraq Oil-Sands Supplies

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020

2020 Energy Transportation Oil Prices

Opinion: Could WTI Trade At A Premium To Brent By Next Year?

Green Car Congress

AUGUST 6, 2015

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. However, the WTI/Brent spread has shrunk more dramatically since the collapse in oil prices.

Oil Prices

Oil Prices Oil United States North America

Navigant Research forecasts 58% growth in global biofuels consumption by 2022; biodiesel and drop-in fuels gain market share

Green Car Congress

FEBRUARY 5, 2014

In a new report, “ Biofuels for Transportation Market s”, Navigant Research forecasts that global demand for biofuels in the road transportation sector will grow from representing almost 6% of the liquid fuels market in 2013 to roughly 8% by 2022. billion gallons per year (BGPY) in 2013 to more than 51.1 BGPY in 2013 to almost 12.2

Global

Global Market Fuel Brazil

IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

Green Car Congress

JANUARY 6, 2022

The United States was the largest source of LNG supply growth in 2021, adding 25 million metric tons (MMt) amid continued buildup of liquefaction capacity as well as the ramping up of output from plants turned down the previous year. Total loaded LNG supply in 2021 reached 396.3 IHS Markit’s headline 2021 LNG trade numbers.

Qatar

Qatar China United States Brazil

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

Green Car Congress

JULY 25, 2013

The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. However, fossil fuels continue to supply nearly 80% of world energy use through 2040.

2010

2010 Transportation Fuel Energy

Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

JULY 30, 2019

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

Saudi Arabia

Saudi Arabia Oil 2018 Global

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

The US Energy Information Administration released its Annual Energy Outlook 2013 (AEO2013) Reference case (the Early Release ), which highlights a growth in total US energy production that exceeds growth in total US energy consumption through 2040. Biofuels grow at a slower rate due to lower crude oil prices and.

Fuel

Fuel Energy Sale 2013

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

FEBRUARY 23, 2017

After completing a re-assessment of energy use for a broad range of countries for the period 2013-14, EIA updated its historical data, with the largest changes occurring in China and other non-OECD countries. Most of China’s methanol supply is from domestic production.

2000

2000 2016 Fuel China

Increase in US rig count will not cap oil prices

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

Oil Prices

Oil Prices Oil Price Oil-Sands

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

Green Car Congress

MAY 21, 2010

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.

Oil

Oil Climate Change Oil Prices 2005

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Green Car Congress

NOVEMBER 10, 2009

Accenture has identified 12 technologies that it concludes have the potential to disrupt the current views of transport fuels supply, demand and GHG emissions over the next 10 years. Will be competitive at an oil price of $45 to $90 at their commercial date. Source: Accenture. Click to enlarge.

Transportation

Transportation Supplies Emissions Fuel

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

OCTOBER 6, 2015

While oil and natural gas are crucial to Russia, Russia’s crude and natural gas are crucial to its neighbors on the Eurasian landmass. Russia supplied about 30 percent (146.6 mmbbl/day) in 2013. Russia’s oil and natural gas are also important to its Asian and Central Asian neighbors. Death by Energy. Wary of U.S.

Russia

Russia Saudi Arabia Iran Iraq

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

JANUARY 17, 2015

The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. —Adnan Z. Amin, Director-General of IRENA. Source: IRENA.

Renewable

Renewable Parts Power Powered

Opinion: Why oil prices must go up

Green Car Congress

FEBRUARY 19, 2015

It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. Total global investment in oil and gas exploration grew rapidly over the last 15 years.

Oil Prices

Oil Prices Oil Price Iraq

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Green Car Congress

JUNE 7, 2017

They adapted cost and performance projections for LDV technologies from the National Research Council (2013) optimistic case. The model computes energy balances at all levels of an energy system from primary sources to energy services, supplies energy services at minimum total system cost, and balances commodities in each time period.

Emissions

Emissions Economy Gasoline-Electric Coal

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

NOVEMBER 13, 2013

The newly released 2013 edition of the IEA World Energy Outlook (WEO) depicts a world in which some long-held tenets of the energy sector are being rewritten; importers are becoming exporters, while exporters are among the major sources of growing demand. —WEO-2013. million barrels of oil equivalent per day (mboe/d) in 2011 to 4.1

Oil

Oil 2013 Energy Emissions

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

DECEMBER 16, 2013

Industrial shipments of bulk chemicals, which benefit from an increased supply of natural gas liquids, grow by 3.4% Projected low prices for natural gas make it a very attractive fuel for new generating capacity. In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants.

Oil

Oil Light Energy Vehicles

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

FEBRUARY 8, 2011

Estimated US supply of PEVs from 2011-2015. and model 2011 2012 2013 2014 2015. The cumulative impacts of the various policy initiatives, the experience of the early purchasers of electric-drive vehicles and future oil prices will all play a role in determining future consumer demand. Fisker Karma EREV. Fisker Nina EREV.

2015

2015 Plug-in Tax Credit Plug

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Green Car Congress

JULY 2, 2013

The underlying assumption is that the world will immediately use whatever oil can be pumped from the ground, and that supply is independent of demand—that is, oil exploration investments bear no relation to the current oil price or expectations of future demand. Emissions Forecasts Fuels Oil'

Oil

Oil Oil-Sands Fuel Economy Transportation

IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

Green Car Congress

AUGUST 9, 2013

Critics cite the steep crude oil price discounts for Canadian producers in the past year as further evidence that rail is not economic. On average in 2012, the price of heavy oils sands was $27 per barrel lower than a comparable barrel on the US Gulf Coast (USGC), and for short periods the difference was more than $40 per barrel.

Venezuela

Venezuela Oil-Sands Oil Canada

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

FEBRUARY 1, 2014

The analysis in the Final Supplemental EIS builds on the Draft Supplemental Environmental Impact Statement released on 1 March 2013 ( earlier post ) as well as the documents released in 2011 as part of the previous Keystone XL Pipeline application. Domestic production of crude oil has increased significantly, from approximately 5.5

Oil-Sands

Oil-Sands Nebraska Oil Montana

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

MARCH 2, 2013

These avenues include alternative pipeline capacity to support Western Canadian, Bakken, and Midcontinent crude oil movements to the Gulf Coast as well as rail to transport large volumes of crude oil to East, West, and Gulf Coast markets. The Governor of Nebraska approved the new route through Nebraska in January 2013.

Climate Change

Climate Change Oil-Sands Nebraska Climate

United Airlines invests $30M in Fulcrum BioEnergy; renewable jet fuel offtake agreement, potential joint development of production

Green Car Congress

JUNE 30, 2015

United has also negotiated a long-term supply agreement with Fulcrum and, subject to availability, will have the opportunity to purchase at least 90 million gallons of sustainable aviation fuel a year for a minimum of 10 years at a cost that is competitive with conventional jet fuel.

Renewable

Renewable Fuel Alternative Fuels Los Angeles

EV Driven

US Shale Is Immune To An Oil Price Crash In 2017

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Oxford Catalysts to supply 1,000 bpd commercial GTL plant

IEA says oil supplies may not keep up with demand

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Opinion: Could WTI Trade At A Premium To Brent By Next Year?

Navigant Research forecasts 58% growth in global biofuels consumption by 2022; biodiesel and drop-in fuels gain market share

IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

Eni report: global oil reserves and oil production up in 2018 due to US

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Increase in US rig count will not cap oil prices

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Opinion: Is Russia Plotting To Bring Down OPEC?

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Opinion: Why oil prices must go up

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

United Airlines invests $30M in Fulcrum BioEnergy; renewable jet fuel offtake agreement, potential joint development of production

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