Green Car Congress

AUGUST 25, 2015

CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output.

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

OCTOBER 29, 2015

We are a little more than a month away from OPEC’s next meeting, which will be held in Vienna on December 4, 2015. Why should OPEC be the one to fix the imbalances in the global crude oil trade? Iraq is not subject to the quota restrictions, and so it is pulling out all the stops to increase output.

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Green Car Congress

JANUARY 19, 2011

Over the same period, energy intensity, a key measure of energy use per unit of economic output, is set to improve globally led by rapid efficiency gains in the same non-OECD economies, under these projections. Biofuels will account for 9% of global transport fuels. per year growth, and accounts for 93% of global energy growth.

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Energy Economy Global Oil-Sands 210

Green Car Congress

JULY 28, 2015

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. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. per barrel in first quarter of 2015).

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Saudi Arabia Price Oil India 150

Green Car Congress

JULY 11, 2016

million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. —Eklavya Gupte, senior editor for S&P Global Platts. million b/d, the lowest since February 2003, S&P Global Platts data showed.

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Green Car Congress

OCTOBER 25, 2015

Moody’s Investors Service sees the contraction as too little to make a significant dent in the global supply gut. Moody’s sees global oil production rising by 1 million barrels per day in both 2015 and 2016. Iraq has steadily increased output this year despite low oil prices and security issues related to ISIS.

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Saudi Arabia Oil Prices Oil Russia 150

Green Car Congress

MARCH 24, 2016

million barrels per day (mb/d) in April 2015. Moreover, supply outages in places like Iraq and Nigeria have also knocked at least a quarter of a million barrels per day offline, an unexpected disruption that put upward pressure on prices in March. That has sparked a renewed sense of optimism among oil traders. More output is bearish.”

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Oil Prices Oil Price North Dakota 150

Green Car Congress

JUNE 27, 2012

Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Source: Maugeri 2012. Click to enlarge.

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Oil Oil-Sands Price Production 261

Green Car Congress

NOVEMBER 6, 2015

Moody’s Investors Service sees the contraction as too little to make a significant dent in the global supply gut. Moody’s sees global oil production rising by 1 million barrels per day in both 2015 and 2016. Iraq has steadily increased output this year despite low oil prices and security issues related to ISIS.

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Oil Oil-Sands Saudi Arabia Oil Prices 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. The Financial Times quoted analysts as estimating the Saudi budget deficit in 2015 at $130 billion.

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Green Car Congress

NOVEMBER 13, 2011

The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. While there is still time to act, the window of opportunity is closing. —WEO 2011.

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Oil Transportation Cheap Fleet 247

Cars That Think

APRIL 27, 2024

Take, for example, this case described by a Marine who served in Iraq: My team once had a robot that was obnoxious. Speaking at a 2015 defense forum , Work—a barrel-chested retired Marine Corps colonel with the slight hint of a drawl—described a future in which “human-machine collaboration” would win wars using big-data analytics.

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Mariner Personal 2015 IDEA 140

Green Car Congress

JANUARY 31, 2019

Reintroducing commercial supersonic transport (SST) aircraft into the global aviation fleet could have significant noise and climate impacts by 2035, according to a new study by the International Council on Clean Transportation (ICCT). Global sonic boom incidence. Source: The ICCT.

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Climate San Francisco Los Angeles Iraq 239