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Opinion: Everyone Is Guessing When It Comes To Oil Prices

Green Car Congress

Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

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Will Oil Price Collapse Because We're Out Of Room To Store It?

Green Car Reports

Oil prices have dropped precipitously over the past few months, and while that''s led to lower gas prices, it''s also creating a somewhat unusual problem. No matter how much or little oil the national economy is consuming, it''s still pumped out of the ground in massive quantities.

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GE and Sargas AS partner on gas-fired plants with carbon capture for enhanced oil recovery

Green Car Congress

GE has concluded a commercial alliance agreement with Norway-based Sargas AS to provide a gas turbine for one of the world’s first gas-fired plants with integrated carbon capture for enhanced oil recovery (EOR). GE’s LMS100 turbine is a combination of proven frame and aero-derivative gas turbine technology.

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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Green Car Congress

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.

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Hyundai Heavy developing its own floating LNG ship

Green Car Congress

Hyundai Heavy Industries, the world’s largest shipbuilder and offshore facilities contractor, has completed developing its own Hyundai FLNG (Floating Liquefied Natural Gas Plant) model in association with Linde AG. million tons of LNG and can store about 193,800 m 3 LNG with its compact size of 355 m in length, 70 m width and 35 m in height.

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IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

The MTOMR is the last in a series of medium-term forecasts that the IEA devotes to each of the four main primary energy sources: oil, gas, coal and renewable energy. But it also highlights elevated supply and demand risks. This report is an attempt to bring it all together and sketch out what it might all mean for the next five years.

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Electric Vehicle Charging Principle

Setec Powerr

With soaring oil prices and global policy support, electric vehicles will become increasingly popular. Lithium-ion batteries are far more complex and sophisticated than simple gas tanks. In short, lithium-ion batteries store and release energy through chemical reactions. Overcharge them and they will break.