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IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

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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.

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

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. “While we saw drops in EV battery shipment in the first quarter caused by customers’ battery inventory adjustment, we expect to see improved market environment backed by launches of new EVs in North America,” SK On Chief Financial Officer Kim Kyunghoon said in a post-earnings conference call.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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According to the analysis, the current anti-trust campaign environment could alter the relationships among consumers, dealer and OEMs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. North America. —Nigel Griffiths, chief automotive economist, IHS Automotive.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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

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For the full year in the region, no more than 387,000 units (excluding bus chassis) will be produced in 2020, as truck makers have planned downtime through mid-April (possibly to be extended), which will account for approximately 13,000 units of lost production in North America this month alone.

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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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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.

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Perspective: Government Leadership Needed for Electric Vehicles to Succeed

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That’s where government comes in.only the government can help influence [change] by having a price for carbon and technical incentives. ”. Mr. Immelt’s point is that the spike in oil prices to $147/barrel in 2008 is not enough on its own to get automakers to make electric vehicles.