Energy Institute at HAAS
DECEMBER 12, 2022
A wild recent day for oil prices demonstrates OPEC’s enduring influence. Last week Saudi Arabia announced that it will reach $300+ billion in government revenues for 2022. Oil prices were … Continue Reading Oil Price Fluctuations and the Power of OPEC.
Green Car Congress
DECEMBER 22, 2014
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60
Green Car Congress
DECEMBER 11, 2014
US backlogs of gasoline and distillates also were up, according to the API. Almost all the news flow points to a weaker market,” said one oil analyst , Carsten Fritsch of Commerzbank in Frankfurt. In fact this year’s price plunge hasn’t hurt just the weaker OPEC members. million barrels to 377.4 million barrels.
Green Car Congress
JULY 28, 2015
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. By offering almost 2.8
Green Car Congress
JUNE 13, 2012
The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. Growth in the US slowed as the share of ethanol in gasoline approaches the blendwall.
Green Car Reports
JULY 23, 2015
Global oil prices have remained fairly low for most of this year, which should be good news for people in most of the industrialized world. But that's not the case in the oil-rich United Arab Emirates. The continued slump in prices has prodded the seven-state federation to make a somewhat radical change in policy.
The Truth About Cars
SEPTEMBER 19, 2023
The Energy Information Administration (EIA) estimates that Americans were burning through a million fewer barrels of oil last week than they were the week before. What isn’t dropping is oil prices and that seems to be making all the difference. The IEA also faulted production cuts stemming from Russia and Saudi Arabia.
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