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Opinion: Global Oil Supply More Fragile Than You Think

Green Car Congress

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. by Nick Cunningham of Oilprice.com.

Oil 150
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Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

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According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%. —“ Medium and Heavy Duty Vehicle Technologies ”.

Global 150
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IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

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In 2016, the IMO confirmed that global refiners and shippers would have to comply with these new environmental regulations five years earlier than many anticipated, which sent tidal waves through two industries that typically take many years to adapt to such significant change. —Sandeep Sayal.

Fuel 170
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First reference installation of Opcon Waste Heat Recovery technology for ships; potential for 5–10% fuel savings

Green Car Congress

Considering today’s oil prices and the efforts being made by the IMO, for example with the coming International Energy Efficiency Certificate (IEE), we believe that this product really has come at exactly the right time. The entire merchant shipping fleet is estimated to account for 4-5% of global emissions of CO 2.

Waste 300
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IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

Green Car Congress

The IMO fuel sulfur content regulation will have a significant global impact on both the refining and the shipping industries. Heavy fuel oil (HFO) is the predominant marine fuel. From the shipping industry point of view, IHS Markit estimates that about 20,000 ships account for around 80 percent of heavy fuel-oil bunker fuel use.

Mariner 150
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Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

Green Car Congress

Extracting oil by fracking could stabilize the oil price over the next few years. Infrastructure is becoming a global hurdle. The purchasing potential represented by early adopters is now being tapped by the current array of vehicle offerings for both private customers and institutional fleets.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.