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

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As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. With this kind of impending discrepancy between supply and demand, the industry needs to start looking for new sources of oil, and quickly. by Haley Zaremba for Oilprice.com.

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IHS Markit says outlook for crude oil prices strengthens through 2021

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Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. bbl in 2020 and $49.25/bbl bbl in 2021—up $7.09/bbl bbl and $5.25/bbl,

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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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 decline in global real GDP in 2020. million units, in the wake of the COVID-19 pandemic. China slowly gaining momentum after shutdown.

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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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But Statoil’s CFO said the world could start to see supply problems by 2020. A sharp rise in oil prices would spur new investment and new drilling. The price acts as a self-correcting mechanism. When oil prices go up, people buy fuel efficient cars. Of course, these figures are not inevitable.

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Heard At The Show: Snippets from SAE 2009 World Congress

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Paul Taylor, Chief Economist for the National Automotive Dealers Association, had the following observations: At $4/gallon gas people looked at more economical versions of the same vehicle rather than going down in vehicle size—they continue to buy cars that meet their needs. How much does it cost to save weight? kg) of aluminum used.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. CAGR from 2012 through 2020 to about $250/kWh.

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Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

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This is consistent with previous studies on the impact of the EU fleet target for passenger cars, which suggests that the 95 g/km target in 2020 can be met without the need for plug-in or hydrogen vehicles, the report noted. ICE and pure hybrids will continue to dominate sales of new vans in 2020, with a combined market share of 80%.

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