Green Car Congress

MARCH 5, 2015

Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. There is no doubt that supply has increased. Market Background Oil'

Oil Prices 150

Oil Prices Oil Price Saudi Arabia 150

Green Car Congress

AUGUST 7, 2015

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. by Nick Cunningham of Oilprice.com.

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Oil Saudi Arabia Supplies Oil Prices 150

Green Car Congress

NOVEMBER 15, 2014

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. After that point, when the shale revolution peters out, oil markets revert to their old ways—that is, looking to the Middle East once again to meet global demand.

Oil 257

Oil Iraq Oil-Sands Supplies 257

Green Car Congress

SEPTEMBER 7, 2012

Oxford Catalysts Group PLC has been selected to supply Calumet Specialty Product Partners, L.P. Calumet intends to provide the majority, if not all of the funding for this project, and to start production in the second half of 2014. Any remaining funding will be provided by Calumet’s other project partners.

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Supplies Commercial North America Pennsylvania 225

Green Car Congress

APRIL 27, 2017

This sharp slowdown in activity in the conventional oil sector was the result of reduced investment spending driven by low oil prices. The slump in the conventional oil sector contrasts with the resilience of the US shale industry. With global demand expected to grow by 1.2

Oil 150

Oil 2016 Oil-Sands Global 150

Green Car Congress

JANUARY 6, 2022

The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Spot LNG prices have soared past previous records. MMt set in 2014.

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Qatar China United States Brazil 186

Green Car Congress

JULY 21, 2015

FedEx joins Southwest Airlines, which signed a purchase agreement with RedRock in November 2014 for about 3 million gallons per year, in purchasing Red Rock’s total planned available volume of jet fuel. The agreement runs through 2024, with first delivery expected in 2017. Earlier post.).

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Renewable Supplies Fuel Oil Prices 150

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

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Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

JANUARY 5, 2019

In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal Rising crude oil prices and high levels of gasoline demand contributed to rising gasoline prices from January through May. Average prices for the entire East Coast region moved within a range of $2.25/gal

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Gasoline San Francisco 2017 Price 236

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. Low oil prices will sooner or later force a cutback in production.

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Oil Prices Oil United States North America 150

Green Car Congress

JULY 8, 2021

US regular gasoline retail prices averaged $2.78 In June, monthly retail gasoline prices averaged $3.06/gal, gal since October 2014 (in nominal terms). EIA forecasts regular-grade gasoline prices to average $2.92/gal per gallon (gal) in 1H21, compared with an average of $2.20/gal gal in 1H20. gal in 2H21 and $2.74/gal

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2019 Global Fuel Gasoline-Electric 243

Green Car Congress

FEBRUARY 28, 2019

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. The latter is partly caused by “global warming constraints” and lower oil prices in general.

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Oil Industrial Industry Financing 231

Green Car Congress

MAY 13, 2015

Saudi Arabia continues to ratchet up production, taking market share away from US shale producers. According to OPEC's latest monthly oil report , Saudi Arabia boosted its oil output to 10.31 That was enough for the de facto OPEC leader to claim its highest oil production level in more than three decades. million barrels.

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Saudi Arabia Oil Prices Oil Price 150

Green Car Congress

OCTOBER 12, 2012

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA).

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Oil Oil-Sands Global Oil Prices 255

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. Total US motor gasoline product supplied is up 2.9% through the first five months of the year compared with 2014.

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Gasoline 2014 Louisiana Oil 150

Green Car Congress

FEBRUARY 23, 2017

Beginning with its February Short-Term Energy Outlook (STEO), EIA incorporated revisions to historical international liquids consumption data into the STEO’s international liquid fuels market balances. This review consisted of a closer look at the refined products markets in China, and also a sectoral analysis of energy use.

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2000 2016 Fuel China 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. Russia supplied about 30 percent (146.6 mmbbl/day) in 2013. Death by Energy.

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

JANUARY 6, 2014

This is, however, the opposite of historic pricing trends, and suggests that policy intervention of a stronger enforcement mechanism will be required to meet RFS2 targets by creating market conditions necessary for greater biofuel consumption. Among their findings were: RFS2 is satisfied at extreme oil prices (at least $215/barrel).

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Oil Prices Gasoline-Electric Gasoline Oil 246

Green Car Congress

JULY 25, 2013

However, fossil fuels continue to supply nearly 80% of world energy use through 2040. Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. per year over the projection period, but remain a relatively minor share of total liquids supply through 2040.

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2010 Transportation Fuel Energy 317

Green Car Congress

APRIL 14, 2015

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. Tcf in the High Oil and Gas Resource case.

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2020 Energy Transportation Oil Prices 150

Green Car Congress

MAY 20, 2015

Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. In the Bakken, oil production actually increased by 1 percent in the month of March, a surprise development reported by the North Dakota Industrial Commission.

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Oil North Dakota Oil Prices Price 150

Green Car Congress

FEBRUARY 9, 2018

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday.

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Oil Prices Oil Price Market 199

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

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. percentage points.

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

OCTOBER 27, 2010

According to a new report from Pike Research, algae biofuels production will grow rapidly over the next decade, reaching 61 million gallons per year and a market value of $1.3 Pike Research anticipates that, with 50% of all algae activity, the United States is poised to ramp up production the earliest among world markets.

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2020 Production Water Oil Prices 319

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. by 2014) and also examines different global markets. Will be competitive at an oil price of $45 to $90 at their commercial date.

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Transportation Supplies Emissions Fuel 262

Green Car Congress

JUNE 7, 2017

Under their optimistic scenario (OPT)—which is based on the assumption that EVs are market-competitive with gasoline vehicles, in particular after 2025—they find 15% and 47% adoption of battery electric vehicles (BEVs) in 2030 and 2050, respectively.

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Emissions Economy Gasoline-Electric Coal 150

EV Report

APRIL 30, 2020

But recently due to outbreak of COVID-19, sales of electric vehicles have been affected with the consumer markets being shaken and oil prices being plunged to high. By 2017, the number of stations increased to 300 from 2014. Buyers of EV became exempted from paying VAT in 2001.

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Electric Cars Norway Cars Electrical 52

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. However, now that oil prices are so low, oil companies have no room to boost spending.

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Oil Prices Oil Price Iraq 150

Green Car Congress

SEPTEMBER 21, 2015

On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). That is a staggeringly enormous number, approximately 10 percent of the estimated global over-supply. The shine is officially off shale in the debt markets.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Green Car Congress

SEPTEMBER 10, 2014

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). oil shale), and refinery gain.

Asia 341

Asia Transportation Oil-Sands Oil Prices 341

Green Car Congress

FEBRUARY 8, 2011

While several high profile vehicle market introductions such as the Chevrolet Volt and the Nissan Leaf have been initiated, questions remain regarding the potential to reach the 2015 goal. Estimated US supply of PEVs from 2011-2015. and model 2011 2012 2013 2014 2015. Fisker Karma EREV. Fisker Nina EREV. Ford Focus EV.

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2015 Plug-in Tax Credit Plug 210

Green Car Congress

JANUARY 15, 2014

This paper employs an energy system model to meet the following objectives: (1) identify the conditions under which EDVs achieve high market penetration in the U.S. 42% of the LDV market with an average value of 24%—a figure broadly consistent with other projections of EDV market development. —Babaee et al.

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Emissions Oil Prices Vehicles Oil 236

Green Car Congress

SEPTEMBER 18, 2015

The party is over for tight oil. 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. Click to enlarge.

Oil 150

Oil Oil-Sands Oil Prices 2015 150

Green Car Congress

FEBRUARY 1, 2014

Notable changes since the prior Draft Supplemental Environmental Impact Statement include an expanded analysis of potential oil releases; an expanded climate change analysis; an updated oil market analysis incorporating new economic modeling; and an expanded analysis of rail transport. million bpd.

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Oil-Sands Nebraska Oil Montana 220

Green Car Congress

NOVEMBER 20, 2016

But while it produces at similar levels as Russia and the US, it is long been a vastly more influential player in the oil world. That is because of two reasons—the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices.

Saudi Arabia 150

Saudi Arabia Oil Oil Prices Russia 150

Green Car Congress

AUGUST 9, 2013

The new IHS CERA Canadian Oil Sands Dialogue study thus basically agrees with the conclusions of the US State Department’s Draft Supplemental Environmental Impact Statement for Keystone XL that says oil sands production is expected to continue at similar levels regardless of whether Keystone XL goes forward. Earlier post.).

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Venezuela Oil-Sands Oil Canada 275