2016 Industrial Oil Prices Parts 
Green Car Congress
AUGUST 25, 2017
Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources.
Green Car Congress
MAY 18, 2017
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement. oil production,” the consultancy noted. “In
Green Car Congress
DECEMBER 30, 2015
The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.
Green Car Congress
DECEMBER 23, 2016
Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the US shale industry became cash flow neutral for the first time ever. Even when US oil production hit a peak at 9.7 by Nick Cunningham of Oilprice.com. That isn’t a typo.
Green Car Congress
APRIL 15, 2017
This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. UBS, for its part, expects a 4-million-bpd supply gap by 2020. shale output. million bpd. million bpd.
Green Car Congress
SEPTEMBER 13, 2020
The molybdenum market enjoyed three years of growing demand between 2016 and 2018, but macroeconomic concerns and a slower steel market resulted in a 2.3% These ‘moly steel’ alloys are used in parts of engines. Other uses for molybdenum include catalysts for the petroleum industry, inks for circuit boards, pigments and electrodes.
Green Car Congress
JUNE 1, 2016
Oil companies are making painful cuts to spending, which will translate into much lower production than expected in the years ahead. A sharp rise in oil prices would spur new investment and new drilling. The price acts as a self-correcting mechanism. Many oil projects, after all, take years to develop.
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