Green Car Congress

JULY 21, 2021

Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51

Oil 418

Oil 2020 Oil Prices 2015 418

Green Car Congress

JULY 8, 2021

million b/d from 2019. million b/d—surpassing 2019 levels. million b/d (12%) from 2019 consumption. million b/d (12%) from 2019 consumption. million b/d in 2022, which would surpass the 2019 level. EIA forecasts regular-grade gasoline prices to average $2.92/gal million b/d in 2021. Electricity.

2019 243

2019 Global Fuel Gasoline-Electric 243

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

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. —Raoul LeBlanc. —Raoul LeBlanc.

Oil 170

Oil Price Oil Prices Production 170

Green Car Congress

APRIL 7, 2021

The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.

2019 186

2019 Fuel Coal 2020 186

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

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

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 Most commercial vehicle factories in mainland China have returned to production. million units, in the wake of the COVID-19 pandemic. decline in global real GDP in 2020.

2020 191

2020 Commercial Global Production 191

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

JANUARY 23, 2019

Some level of DUCs is normal, but the ballooning number of uncompleted wells has repeatedly fueled speculation that a sudden rush of new supply might come if companies shift those wells into production. The latest crash in oil prices once again raises this prospect. production levels. It’s really 2020 and 2021.”.

Oil 236

Oil Oil Prices 2019 Price 236

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

NOVEMBER 9, 2019

The Government of Alberta, Canada, is now allowing curtailed operators to drill new conventional oil wells without being restricted by production limits. Oil production in Alberta in September 2019 was 16.75 Non-conventional (or oil sands) production, which constituted 83.8% over the same time frame.

Oil 150

Oil Oil-Sands 2019 Oil Prices 150

Green Car Congress

JULY 30, 2019

In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5

Saudi Arabia 170

Saudi Arabia Oil 2018 Global 170

Green Car Congress

APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. 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 output.

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.

Oil 276

Oil Global 2003 2007 276

Green Car Congress

AUGUST 20, 2019

million barrels per day (mb/d) in July 2019, which represented a 0.9% 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% Total US petroleum demand averaged 20.8

2005 207

2005 Fuel 2018 Oil 207

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

DECEMBER 5, 2012

The US Energy Information Administration released its Annual Energy Outlook 2013 (AEO2013) Reference case (the Early Release ), which highlights a growth in total US energy production that exceeds growth in total US energy consumption through 2040. Domestic oil production will rise to 7.5 Overall findings. than in AEO2012.

Fuel 225

Fuel Energy Sale 2013 225

Green Car Congress

DECEMBER 17, 2010

This larger resource leads to about double the shale gas production and more than 20% higher total lower-48 natural gas production in 2035, with lower natural gas prices, than was projected in the AEO2010 Reference case. In 2035, the average real price of crude oil in the Reference case is $125 per barrel in 2009 dollars.

Gas 199

Gas 2011 Price Energy 199

Green Car Congress

JANUARY 31, 2018

New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas.

North America 150

North America Oil America Oman 150

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 98

Price Saudi Arabia Fuel Oil 98

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