Remove 2015 Remove Cheap Remove Oil Remove Oil Prices
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$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

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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Cheap Oil Will Last A Decade, Says Huge Oil Trader

Green Car Reports

The low oil prices that boosted new-car sales and caused average fuel-economy gains to sputter last year may be here to stay, for a while at least. With fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy. m b/d thresh- old.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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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. Click to enlarge. billion in 2035.

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Opinion: How Much Longer Can OPEC Hold Out?

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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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Saudis Expand Price War Downstream

Green Car Congress

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.

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Volkswagen Group invested €11.5B (US$12.9B) in R&D in 2014; ongoing focus on electromobility and digitalization of vehicles

Green Car Congress

Winterkorn also emphasized that Volkswagen remains committed to its environmental goals, and noted that the present low level of oil prices would not change that. Oil will not be as cheap as it is at the moment for ever. The CO 2 limits apply irrespective of fuel prices.

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