Green Car Congress

JANUARY 23, 2019

The total number of DUCs hit 8,723 in November 2018, up 287 from a month earlier. The latest crash in oil prices once again raises this prospect. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells.

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Oil Oil Prices 2019 Price 236

Green Car Congress

NOVEMBER 7, 2019

Going from nearly 2 million barrels per day annual growth in 2018, an all-time global record, to essentially no growth by 2021 makes it pretty clear that this is a new era of moderation for shale producers. Investors are imposing capital discipline on E&P’s by pushing down equity prices and pushing up the cost of capital on debt markets.

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Oil Price Oil Prices Production 170

Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

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Oil Global 2003 2007 276

Green Car Congress

APRIL 18, 2020

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% million units, in the wake of the COVID-19 pandemic.

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2020 Commercial Global Production 191

Green Car Congress

APRIL 11, 2017

In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million b/d in 2018. That level is higher than originally forecast, exceeding the previous record level of 9.6 Highway travel is forecast to be 1.4%

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Gasoline Production Gasoline-Electric Oil 150

Green Car Congress

JUNE 1, 2016

That widens to more than a million barrels per day in both 2017 and 2018. To be sure, there are extremely large volumes of oil sitting in storage, which will take a few years to work through. That will prevent any short-term price spike even if depletion surpasses new production. Of course, these figures are not inevitable.

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Oil Supplies Market Oil Prices 150

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. —Scott Shepard, senior research analyst with Navigant Research. Though PEV market growth has been considerable, challenges remain.

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Alternative Fuels Future Plug-in Fuel 207

Green Car Congress

JUNE 20, 2018

dollar to go up, which is putting downward pressure on prices,” Phil Flynn, analyst at Price Futures Group in Chicago, told Reuters. There are plenty of factors influencing oil prices right now, and the OPEC+ decision expected in a few days will be the single most important driver in the near-term. But the U.S.

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Oil Prices Oil Price Argentina 150

Green Car Congress

JUNE 11, 2018

A high level of compliance would result in a high level of market disruption while weak compliance would curtail price impacts, to a degree. As of May 2018, that number had grown to approximately 494 vessels, which is split into 237 new-builds, and 257 retrofits, Sayal said. —Sandeep Sayal.

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Fuel Mariner Oil 2020 170

Green Car Congress

DECEMBER 16, 2013

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. This resulted in the significantly lower level of VMT growth after 2018 compared with AEO2013. Tcf in 2012 to 2.1

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Oil Light Energy Vehicles 290

Green Car Congress

JULY 4, 2009

This performance, Winterkorn said, “ is no reason for euphoria ” but shows that the Volkswagen group—which comprises nine automotive brands—is staying on course, and shows that its strategy to 2018 is on the right track. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said.

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2013 Companies Gas-Electric Recharge 150

Green Car Congress

NOVEMBER 20, 2016

That is because of two reasons—the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices. However, the collapse of oil prices since 2014 has pushed the Saudi budget deep into the red. Link to original article: [link].

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Saudi Arabia Oil Oil Prices Russia 150