Remove Exhaust Remove Fleet Remove Oil Remove Oil Prices
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Opinion: Global Oil Supply More Fragile Than You Think

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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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Whereas fuel cost used to be a major driver for fleet managers, the lowering of oil prices and the availability of low-cost natural gas has reduced this concern, Navigant notes. —“ 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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At a February 2018 meeting, an IMO-subcommittee announced a proposal to ban the carriage of non-compliant bunker fuel (fuel that exceeds the 0.50% sulfur limit) aboard ships that have not installed on-board ship scrubbers (exhaust gas cleaning systems), Barrow said.

Fuel 170
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IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

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Heavy fuel oil (HFO) is the predominant marine fuel. However, IHS Markit researchers expect that on-board ship scrubbers, devices that clear harmful pollutants from exhaust gas, will be the primary compliance path for ships, which could continue to burn higher-sulfur fuels. It is viscous, dirty, inexpensive and widely available.

Mariner 150
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First reference installation of Opcon Waste Heat Recovery technology for ships; potential for 5–10% fuel savings

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

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Extracting oil by fracking could stabilize the oil price over the next few years. 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. —Roland Berger Partner Thomas Schlick.

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

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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.