Remove 2015 Remove Market Remove Oil Remove South Korea
article thumbnail

Opinion: Everyone Is Guessing When It Comes To Oil Prices

Green Car Congress

Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

article thumbnail

Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

Green Car Congress

According to a new report from Pike Research, the various national-level initiatives and programs to promote the awareness of electric vehicles (EVs) in the Asia-Pacific region will help make the region the largest market worldwide for electrified vehicles, led by strong demand in China, Japan, and Korea. billion in 2015.

Asia 236
article thumbnail

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. How will Saudi Arabia Capture Market Share Downstream? by Gaurav Agnihotri for Oilprice.com. By offering almost 2.8

article thumbnail

Navigant forecasts global road transportation energy consumption to increase 25% by 2035; 84% from conventional fuels

Green Car Congress

Annual road transportation sector energy consumption by fuel type, world markets: 2015-2035. The alternative fuels market share will grow from roughly 7.4% Biofuels will represent the largest portion of alternative fuels market penetration, representing over 8.4% Source: Navigant Research. Click to enlarge.

article thumbnail

Survey finds LNG-fueled ship orders up 26% in six months

Green Car Congress

High oil prices, impending emissions regulations and technical advancements are propelling the market faster than we expected. A key factor is International Maritime Organization Tier III emissions standards, which are slated to take effect in 2015-2016. What surprised us is the rate.

article thumbnail

Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

Green Car Congress

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 The sharp increase in OPEC’s June production affirms a continuation of its market share strategy. In addition, domestic refining also picked up.

article thumbnail

Chevrolet introduces 2016 Spark; new 1.4L engine with 16% more power and 40 mpg highway

Green Car Congress

As one of Chevrolet’s most global vehicles (global Chevrolet Spark sales have surpassed 1 million since it went on sale in 2010), the 2016 Spark will be offered in more than 40 markets around the world. The 2016 Chevrolet Spark will be produced from globally sourced parts at GM’s Changwon, South Korea assembly facility.

2016 150