Remove 2015 Remove Economy Remove Financing Remove Oil
article thumbnail

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. Across all emerging markets surveyed, 2018 investment fell to $133 billion, lower than not just the 2017 total but the 2015 figure as well. thousand in 2017.

Coal 243
article thumbnail

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. as the drop in oil prices over the last year has put a strain on the nation’s finances.".

Oil 150
article thumbnail

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Both, it would seem, have incentive to do so, as each has lost over $100 billion in crude revenues in 2015—and Russia bears the extra burden of U.S. by Dalan McEndree for Oilprice.com.

Russia 150
article thumbnail

Opinion: Expect A Wave Of Consolidation In The Oil Industry

Green Car Congress

The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending.

Oil 150
article thumbnail

EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

Green Car Congress

Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. Under the Energy Saving and New Energy Vehicle Plan for 2012 to 2020 released in 2012, average passenger car fuel economy is targeted to increase to 34 miles per gallon (6.9 Source: EIA. Click to enlarge.

article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4% North America.

2015 150
article thumbnail

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

But after the COVID-19 crisis brought large swathes of the world economy to a standstill in a matter of months, global investment is now expected to plummet by 20%, or almost $400 billion, compared with last year, according to the IEA’s World Energy Investment 2020 report. —Dr Fatih Birol, the IEA’s Executive Director.

Global 344