Green Car Congress

MARCH 13, 2015

out in the second quarter of 2014, global oil demand growth has since steadily risen, with year?on?year mb/d, bringing global demand to an average 93.5 mb/d, bringing global demand to an average 93.5 Global supply rose by 1.3 mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola.

2015 150

2015 Oil Saudi Arabia Market 150

Green Car Congress

JUNE 10, 2013

The US Energy Information Administration (EIA) has released a new report that estimates that shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world’s crude oil and 32% of the world’s natural gas technically recoverable resources—i.e., Source: US EIA.

Oil 281

Oil Algeria United States Argentina 281

Green Car Congress

JUNE 23, 2016

The argument emerged that having contributed to the collapse of world oil prices, US LTO was the new global swing producer, replacing OPEC leader Saudi Arabia in that role. The geological and commercial differences between the two couldn’t be more glaring. That’s when it became an important world oil price driver for the first time.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150