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. 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.

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Oil Supplies Market Oil Prices 150

Green Car Congress

JANUARY 5, 2019

US regular retail gasoline prices averaged $2.72 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal gal at least once in 2018. gal to $2.91/gal gal to $3.01/gal

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Gasoline San Francisco Price 2017 236

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% —an identical rate of growth as 2018. Consequently, molybdenum prices came under downward pressure. decline in 2019. bbl in December 2019 to US$18.4/bbl

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2020 2019 2018 Oil 186

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. The combination of closed capital markets and weak prices are pulling cash out of the system. Modest growth is expected to resume in 2022.

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Oil Price Oil Prices Production 170

Green Car Congress

MAY 18, 2018

The first four months of this year also saw US petroleum demand average 750,000 barrels a day above the same period in 2017 despite higher prices. Total petroleum products delivered to the domestic market in April 2018 were 20,308,000 b/d—a seasonal decrease of 1.5% Domestic WTI crude oil prices averaged $66.25

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2007 Oil Prices Oil Production 259

Green Car Congress

DECEMBER 5, 2018

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. million barrels daily, including from Russia, to reverse the free fall of oil prices. Saudi Arabia cannot afford another slump in oil prices,” he warns. “It

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Saudi Arabia Oil Prices Russia Oil 255

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

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Alternative Fuels Future Plug-in Fuel 207

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

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. According to the IEA, supply could lag demand in a few years, which could lead to a surge in oil prices. “

Oil 150

Oil Supplies Oil Prices 2017 150

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

OCTOBER 2, 2019

The low levels in discoveries come as a result of a pullback during the past 10 years in the wildcat drilling that targets conventional oil and gas plays—most drastically after oil prices collapsed in 2014. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

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Oil Gas Oil Prices Water 199

Green Car Congress

AUGUST 24, 2018

The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018. million b/d in 2018 and 3.9 million b/d.

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2019 Oil Production 2018 236

Green Car Congress

AUGUST 20, 2019

compared with July 2018—and the highest demand for the month of July since 2005. The increase in demand came as the US continued to sustain world-leading production, which continues to meet virtually all global oil demand growth. compared with July 2018, even as gasoline prices were 3.6% below those of July 2018.

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2005 Fuel 2018 Oil 207

Green Car Congress

NOVEMBER 9, 2019

Oil production in Alberta in September 2019 was 16.75 compared to September 2018. Non-conventional (or oil sands) production, which constituted 83.8% of all oil production in Alberta in September 2019, increased by 3.9% year-over-year, while production of conventional oil was down 6.2% million cubic meters, up 2.1%

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Oil Oil-Sands 2019 Oil Prices 150

Green Car Congress

NOVEMBER 4, 2019

in 2018, driven in large part by the People’s Republic of China, India and the United States, which were responsible for 70% of demand growth. in 2018—the slowest rate since 2010—according to Energy Efficiency 2019 , the IEA’s annual report on energy efficiency. Global primary energy demand rose by 2.3%

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Global Energy 2018 Coal 150

Green Car Congress

FEBRUARY 28, 2019

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. The latter is partly caused by “global warming constraints” and lower oil prices in general.

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Oil Industrial Industry Financing 231

Green Car Congress

JANUARY 6, 2022

The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Spot LNG prices have soared past previous records. MMt in 2021, surpassing the previous record of 5.8

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Qatar China United States Brazil 186

Green Car Congress

FEBRUARY 9, 2018

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday.

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Oil Prices Oil Price Market 199

Green Car Congress

APRIL 18, 2020

Looking across the full year, IHS Markit is expecting a 21% decline over 2019 production volumes due to a combination of factors including COVID-19, but also the natural weakening in truck demand following unusually strong sales in 2018-19. This downturn in production reflects weaker demand throughout the region as well as in export markets.

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2020 Commercial Global Production 191

Green Car Congress

JUNE 20, 2018

Meanwhile, the European Central Bank is heading in the other direction in an effort to keep sovereign bond yields from spiraling out of control, particularly after the recent political turmoil in Italy unnerved bond markets on the continent. dollar is one important variable influencing oil prices. But the U.S.

Oil Prices 150

Oil Prices Oil Price Argentina 150

Green Car Congress

JUNE 11, 2018

The level of compliance by shippers has been widely viewed as the one of the greatest uncertainties surrounding the implementation of the IMO’s new marine fuel regulations, and the compliance level has a significant weighting on projections for refined fuel prices, spreads and margins during the IMO 2020 disruption period,IHS Markit said.

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Fuel Mariner Oil 2020 170

EV Report

APRIL 30, 2020

In comparison, in 2018 US and China had a total combined sales of 1.2 But recently due to outbreak of COVID-19, sales of electric vehicles have been affected with the consumer markets being shaken and oil prices being plunged to high. This has been the trend for the last 30 years. So how did this happen?

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Electric Cars Norway Cars Electric 52

Green Car Congress

FEBRUARY 9, 2010

The recall of Toyota’s Prius is causing some observers to question whether the prospects for the entire hybrid electric vehicle (HEV) and electric vehicle (EV) markets are fundamentally hurt. This price reduction will create the economic incentive to appeal to a broader consumer base. Earlier post.]. We don’t believe so.

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Prius Toyota PHEV Hybrid 186

Green Car Congress

JULY 4, 2009

Winterkorn noted that the industry is experiencing its worst crisis in decades, with a collapse in the global market of 18% in the first half of this year. Volkswagen is Europe’s largest automaker, and saw its global new vehicle market share increase to 11% during the first quarter of 2009. Although Volkswagen sales were down 5.1%

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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. But nobody knows except the Saudis.

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Saudi Arabia Oil Oil Prices Russia 150

Green Car Congress

JANUARY 5, 2019

Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. equity markets shook off an earlier bout of pessimism. Still, the cuts could put a floor beneath oil prices. “A

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Oil Saudi Arabia Market Oil Prices 207