2017, Forecast, Light and Oil Prices

IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

JUNE 18, 2022

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d in 2023, according to the forecast. mb/d in 2022 to 2.2

Oil

Oil Global Libya Russia

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

MAY 24, 2017

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

Oil Prices

Oil Prices Oil Saudi Arabia Price

Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

Green Car Congress

MARCH 14, 2019

From 2017 to 2018, PEV sales doubled in North America, and sales in Europe and China increased 39% and 77%, respectively, according to a new report from Navigant Research.

Alternative Fuels

Alternative Fuels Future Plug-in Fuel

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

DECEMBER 16, 2013

Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). In developing its projections, the EIA implemented a new approach to forecasting VMT, based on an analysis of VMT by age cohorts and the aging of the driving population over the course of the projection. Source: EIA.

Oil

Oil Light Energy Vehicles

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020

2020 Energy Transportation Oil Prices

Increase in US rig count will not cap oil prices

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

Oil Prices

Oil Prices Oil Price Oil-Sands

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

Further, the fossil fuel share of primary energy consumption falls from 82% in 2011 to 78% in 2040 as consumption of petroleum-based liquid fuels falls, largely because of the incorporation of new fuel efficiency standards for light-duty vehicles. Biofuels grow at a slower rate due to lower crude oil prices and. than in AEO2012.

Fuel

Fuel Energy Sale 2013

IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

Green Car Congress

JUNE 11, 2018

As of August 2017, approximately 360 ships had installed scrubbers. Based on the price spreads between low-sulfur bunker fuel and high-sulfur fuel oil during the scramble period, it will be very economic for many shippers to install scrubbers, IHS Markit said. —Sandeep Sayal.

Fuel

Fuel Mariner Oil 2020

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Green Car Congress

JUNE 7, 2017

A new study by researchers at the University of Colorado at Boulder projects the emission impacts of the widespread introduction of inexpensive and efficient electric vehicles into the US light duty vehicle (LDV) sector. The work is reported in a paper in the ACS journal Environmental Science & Technology. —Keshavarzmohammadian et al.

Emissions

Emissions Economy Gasoline-Electric Coal

Near-Term Prospects for Automotive Li-ion Batteries: 21% of Hybrid and EV Market by 2011

Green Car Congress

JUNE 16, 2009

(Reflecting the current difficulties in forecasting, Anderman, who publishes an annual market forecast for the sector, said he decided not to produce the 2009 report. As one example of factors contributing to that decision, a survey of projected oil prices returned values between $30 and $250 a barrel, he said.).

Li-ion

Li-ion 2011 Market Hybrid

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

JANUARY 23, 2012

Emissions per capita fall by an average of 1% per year from 2005 to 2035, as growth in demand for transportation fuels is moderated by higher energy prices and Federal fuel economy standards. World oil prices rise in the Reference case, as pressure from growth in global demand continues. World liquids consumption grows from 87.1

Oil

Oil 2005 Production 2010

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

NOVEMBER 13, 2011

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Passenger light-duty vehicles.

Oil

Oil Transportation Cheap Fleet

EV Driven

IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Increase in US rig count will not cap oil prices

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Near-Term Prospects for Automotive Li-ion Batteries: 21% of Hybrid and EV Market by 2011

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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