2014 Financing Oil Prices 
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
Green Car Congress
APRIL 6, 2015
A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries. billion.
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Green Car Congress
DECEMBER 5, 2018
million barrels daily, including from Russia, to reverse the free fall of oil prices. Now, many OPEC members are both desperate while not yet recovered from the 2014 blow. A recent report from Capital Economics said Saudi Arabia has its problems but it could withstand lower oil prices without feeling too much of a pinch.
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. million units.
Green Car Congress
FEBRUARY 25, 2016
A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014.
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. million barrels/day in 2014 to 7.55
Green Car Congress
MARCH 3, 2017
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 oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. per barrel, rising to $36.50.
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