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US Shale Is Immune To An Oil Price Crash In 2017

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shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S. oil production,” the consultancy noted. “In

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IHS Markit says outlook for crude oil prices strengthens through 2021

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Barring a large second wave of COVID-19 cases driving widespread economic shutdowns, IHS Markit expects Brent will stay within a $40-$47/bbl price band on average over the next four quarters. This could start as early as the second half of 2021, when Brent prices could conclusively pass the $50/bbl mark.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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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). in the commercial sector. in the United States this summer (June–August) compared with the summer of 2021. and by 1.5%

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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 Most commercial vehicle factories in mainland China have returned to production. The local industry is already recovering, with commercial vehicle plants re-opened.

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Oxford Catalysts to supply 1,000 bpd commercial GTL plant

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with a commercial, 1,000 barrel-per-day (bpd) Gas-to-Liquids (GTL) plant to be located at its Karns City, Pennsylvania facility. Due to the historically large gap between high oil prices and low gas prices in North America, we’re experiencing very strong interest from potential clients keen to take advantage of this arbitrage opportunity.

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SDTC awards Nsolv $13M to commercialize warm solvent technology for heavy oil extraction; 80% reduction in GHG emissions

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Sustainable Development Technology Canada (SDTC) is awarding Nsolv $13 million in grant funding to commercialize its field-tested, proprietary warm solvent technology for in situ heavy oil extraction without the use of steam. Other extraction methods are not currently commercially viable at this scale. The technology.

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2019 NTEA Fleet Purchasing Outlook reveals continued strong demand for biodiesel in diesel trucks

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Each year, NTEA conducts a comprehensive Fleet Purchasing Outlook Survey to better understand the commercial vehicle landscape, including interest levels for advanced truck technologies and alternative fuels. It is highly likely that clean energy solutions will remain relevant due to oil price instability.

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