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 b/d in 2019. In particular, the Permian region in western Texas and eastern New Mexico is expected to account for more than half of the growth in crude oil production through 2019.

2019 236

2019 Oil Production 2018 236

Green Car Congress

MARCH 10, 2021

US crude oil production averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 million b/d set in 2019.

Oil 418

Oil 2020 North Dakota New Mexico 418

Green Car Congress

MAY 11, 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day set in 2019. Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO).

Oil 344

Oil Price Production Oil Prices 344

Green Car Congress

APRIL 20, 2022

US gasoline and diesel consumption continue to remain below their 2019 averages. EIA expects higher fuel prices this summer as a result of higher crude oil prices. Crude oil prices have generally risen since the start of the year partly as a result of geopolitical developments, particularly Russia’s war against Ukraine.

Gasoline 259

Gasoline 2014 Diesel Price 259

Green Car Congress

JANUARY 11, 2023

The year 2022 was marked by the emergence of longer-term economic repercussions of the COVID-19 pandemic and an unexpected war in Eastern Europe that caused turmoil in energy markets. Industrial production was affected by supply chain turmoil and rising oil prices, leading to higher production and shipping costs.

Emissions 273

Emissions Oil Prices 2005 Coal 273

Green Car Congress

APRIL 7, 2021

EIA’s annual Summer Fuels Outlook, released today with EIA’s Short-Term Energy Outlook (STEO), expects a 15% increase in US highway travel this summer but still less highway travel than in the summer of 2019.

2019 186

2019 Fuel Coal 2020 186

Green Car Congress

JANUARY 23, 2022

Based on forecasts in its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) expects US fossil fuel production to continue rising in both 2022 and 2023, surpassing production in 2019, to reach a new record in 2023. Crude oil accounted for 30%, coal for 15%, and natural gas plant liquids (NGPLs) for 9%.

Coal 448

Coal Production Fuel Oil 448

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% decline in 2019. Mine supply continued to edge higher in 2019, albeit by a relatively slow 0.7%—an Consequently, molybdenum prices came under downward pressure.

2020 186

2020 2019 2018 Oil 186

Green Car Congress

DECEMBER 8, 2020

Year-on-year comparisons are even more significant at the regional level, with some regions seeing declines of 20% or more from Thanksgiving Week 2019. New Jersey is the hardest hit state, with gasoline volumes plunging by nearly 30% from 2019. Data within the OPIS report shows considerable variation across the country.

Gasoline 321

Gasoline 2020 Wyoming New Jersey 321

Green Car Congress

MAY 24, 2022

Prices of distillate fuels change with the price of crude oil and with developments specific to distillate product markets. In 2022, both low global distillate fuel inventories and high crude oil prices have been contributing to higher global distillate prices.

Diesel 259

Diesel Price California Philadelphia 259

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.

Oil 170

Oil Price Oil Prices Production 170

Green Car Congress

MARCH 14, 2019

In 2019, multiple deployments of long-range battery EVs (BEVs) in crossover classes, as well as Tesla reaching full-scale production on the Model 3 and expanding its vehicle shipments to markets abroad, are setting the stage for continued market growth, Navigant says.

Alternative Fuels 207

Alternative Fuels Future Plug-in Fuel 207

Green Car Congress

JANUARY 23, 2019

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. And so I would say the bigger risk inflation-wise is really past 2019.

Oil 236

Oil Oil Prices 2019 Price 236

Green Car Congress

MARCH 27, 2020

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 A faltering global auto market will have a big hit on sales of EVs. million units. year over year.

Gasoline 269

Gasoline 2020 Gasoline-Electric 2008 269

Green Car Congress

NOVEMBER 9, 2019

Oil production in Alberta in September 2019 was 16.75 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% —Sonya Savage, Minister of Energy.

Oil 150

Oil Oil-Sands 2019 Oil Prices 150

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

million barrels per day over the last five years, IHS Markit says in the new report from its oil markets and research team. Current global total liquids oil demand growth is at similar levels to what was recorded during the 2003 to 2007 commodity super-cycle, referred to as the “golden age” of refining. Source: IHS Markit 2018.

Oil 276

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.

Oil 199

Oil Gas Oil Prices Water 199

Green Car Congress

AUGUST 20, 2019

million barrels per day (mb/d) in July 2019, which represented a 0.9% was high-sulfur distillate fuel (HSD), which is a heating fuel in the residential and commercial sectors and a marine fuel when blended to upgrade heavy fuel oil. Consequently, domestic West Texas Intermediate (WTI) crude oil prices averaged $57.36

2005 207

2005 Fuel 2018 Oil 207

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 This downturn in production reflects weaker demand throughout the region as well as in export markets. million units, in the wake of the COVID-19 pandemic.

2020 191

2020 Commercial Global Production 191

Green Car Congress

NOVEMBER 4, 2019

in 2018—the slowest rate since 2010—according to Energy Efficiency 2019 , the IEA’s annual report on energy efficiency. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5% In 2018, higher oil prices helped dampen demand for road transport fuels.

Global 150

Global Energy 2018 Coal 150

Green Car Congress

JULY 30, 2019

Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5 Asia Pacific’s oil dependence continues to grow, ranking first in terms of deficit. Global oil demand grew by 1.4%, slightly lower than in 2017 (+1.6%) in a context of increasing oil prices.

Saudi Arabia 170

Saudi Arabia Oil 2018 Global 170

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

DECEMBER 5, 2012

AEO2013 offers a number of other key findings, including: Crude oil production , especially from tight oil plays, rises sharply over the next decade. Domestic oil production will rise to 7.5 million barrels per day (bpd) in 2019, up from less than 6 million bpd in 2011. Biomass and biofuels growth is slower.

Fuel 225

Fuel Energy Sale 2013 225

Green Car Congress

APRIL 1, 2021

However, demand still trails pre-pandemic levels by a considerable margin, according to the latest data from Oil Price Information Service (OPIS) by IHS Markit. Week Ending March 20, 2021 compared to 2019 and 2020. in California, however volumes still trail same-week 2019 by 22.7% Source: OPIS by IHS Markit.

Gasoline 411

Gasoline 2020 United States Florida 411

Green Car Congress

DECEMBER 17, 2010

This growth reverses the recent downward trend, as a result of a strong recovery in near-term industrial production, growth in combined heat and power, and relatively low natural gas prices. World oil prices rise in the Reference case, as the world economy recovers and pressure from growth in global demand continues.

Gas 199

Gas 2011 Price Energy 199

The Truth About Cars

SEPTEMBER 19, 2023

The Energy Information Administration (EIA) estimates that Americans were burning through a million fewer barrels of oil last week than they were the week before. What isn’t dropping is oil prices and that seems to be making all the difference. in 2019 and averaging well below $2.00 per gallon. But it’s now at $3.85

Price 105

Price Saudi Arabia Fuel Oil 105

Green Car Congress

JANUARY 31, 2018

Stagnant oil prices continue to limit large-scale investments in global exploration worldwide, including deepwater plays, and many onshore US projects are not yet cash-flow positive, so energy investors are demanding financial returns. These five case studies represent just a fraction of the opportunity that we identified globally.

North America 150

North America Oil America Oman 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

Oil 207

Oil Saudi Arabia Market Oil Prices 207