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. Beyond 2017, the impact of a collapse in longer-cycle conventional investment over 2014-16 begins to be felt.

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Oil Supplies Oil Prices 2017 150

Green Car Congress

DECEMBER 23, 2016

Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the US shale industry became cash flow neutral for the first time ever. Even when US oil production hit a peak at 9.7 by Nick Cunningham of Oilprice.com. That isn’t a typo.

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Oil Prices Libya Oil Nigeria 150

Green Car Congress

JANUARY 5, 2019

US regular retail gasoline prices averaged $2.72 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal gal at least once in 2018.

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Gasoline San Francisco 2017 Price 236

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

SEPTEMBER 2, 2015

If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. According to an August 26 Bloomberg article , the Saudi government is seeking ways to reduce investment in 2016 “.as In a CNN article quoting SIPRI for 2014, the author's guesses for 2015 (6.25

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Oil Saudi Arabia UAE 2015 150

Green Car Congress

AUGUST 7, 2015

Lower crude oil prices and strong demand for petroleum products, primarily gasoline, both in the United States and globally, have led to favorable margins that encourage refinery investment and high refinery runs. through the first five months of the year compared with 2014. million b/d in the first quarter of 2016.

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Gasoline 2014 Louisiana Oil 150

Green Car Congress

JUNE 1, 2016

According to a separate report from SAFE, a Washington-based think tank, the oil industry has cut somewhere around $225 billion in capex in 2015 and 2016, which will lead to global supplies 4 million barrels per day lower in 2018-2020, compared to what market analysts expected as of 2014.

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Oil Supplies Market Oil Prices 150

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.

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Oil Prices Oil United States North America 150

Green Car Congress

FEBRUARY 3, 2015

over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. million, an increase of 2.4% million units.

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2015 Light Market Global 150

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.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

NOVEMBER 4, 2019

In the United States, primary demand increased for the first time since 2014. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5% In 2018, higher oil prices helped dampen demand for road transport fuels. Global primary energy demand rose by 2.3%

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Global Energy 2018 Coal 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. percent in 2016. MMbbls/day.

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

JULY 9, 2016

Morgan Stanley commodity strategist Adam Longson, who led the team that researched the situation, said that this reversal carries a downside risk for oil prices. Things may have stalled for a bit after prices tanked below $30, but now that they have recovered, shale boomers are eager to start pumping more.

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Oil Oil Prices Price 2016 150

Green Car Congress

OCTOBER 6, 2015

According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 percent of GDP in 2014. bcm) of Europe’s natural gas in 2014, and about 25 percent of its crude (3.5

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

APRIL 6, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016.

Russia 150

Russia Oil 2016 Oil Prices 150

Green Car Congress

OCTOBER 27, 2010

The first commercial-scale facilities with a potential production capacity of 1 million gallons will likely come online in the 2014 to 2016 window, Pike forecasts, although construction delays, a lack of capital, and lingering investment risk could potentially obstruct growth. Algae’s ultimate threat is over-hype.

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2020 Production Water Oil Prices 319

Green Car Congress

JUNE 7, 2017

Future LDV transportation demand in the US9R database is specified based on US EIA Annual Energy Outlook (AEO) 2014 projections, allocated to the model’s nine regions and to seven vehicle size classes ranging from mini-compacts to light trucks. Among their findings: Gasoline vehicles dominate in the BAU scenario for the entire time horizon.

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Emissions Economy Gasoline-Electric Coal 150

Green Car Congress

FEBRUARY 25, 2010

Syncrude plans to begin constructing a mining train on Aurora South around 2012 with production expected by the end of 2016. Construction on a second mining train is planned to begin around 2014 with production commencing towards the end of the decade.

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Oil-Sands Oil 2020 Canada 199

Green Car Congress

DECEMBER 16, 2013

Reflecting slow growth in travel and accelerated vehicle efficiency improvements, US light-duty vehicle (LDV, cars and light trucks) energy use will decline sharply between 2012 and 2040, according to the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2014 (AEO2014) Reference case released today. Tcf in 2012 to 2.1

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Oil Light Energy Vehicles 290

Green Car Congress

SEPTEMBER 18, 2015

Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. percent in September 2014 to 1.2 percent in August 2015.

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Oil Oil-Sands Oil Prices 2015 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