Remove 2016 Remove Oil Prices Remove Parts Remove Supplies
article thumbnail

US Shale Is Immune To An Oil Price Crash In 2017

Green Car Congress

shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S. oil production,” the consultancy noted. “In

article thumbnail

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. Why the price of oil could spike before that. That leaves the period until the end of the 2020s, during which we believe overall oil demand will continue to grow (albeit slower than before). Since (non-U.S.

article thumbnail

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Green Car Congress

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. shale production, new oil discoveries, and new project start-ups also differ a lot. shale output.

Oil 150
article thumbnail

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Green Car Congress

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.

article thumbnail

3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. The price acts as a self-correcting mechanism.

Oil 150
article thumbnail

Roskill: Molybdenum demand to drop by more than 8% in 2020

Green Car Congress

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% Mine supply continued to edge higher in 2019, albeit by a relatively slow 0.7%—an These ‘moly steel’ alloys are used in parts of engines. decline in 2019.

2020 186
article thumbnail

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

The report estimates consumption to have been more than 500,000 barrels per day (b/d) in 2016. Most of China’s methanol supply is from domestic production. Smaller amounts of China’s methanol supply are imported from the Middle East, Southeast Asia, South America, and the United States.

2000 150