Green Car Congress

OCTOBER 12, 2012

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA).

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Oil Oil-Sands Global Oil Prices 255

Green Car Congress

DECEMBER 11, 2013

The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 Global demand is now seen advancing by 1.2 Global demand is now seen advancing by 1.2 Global refinery crude runs plunged to 73.6

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United Arab Emirates 2014 Oil Supplies 220

Green Car Congress

DECEMBER 31, 2011

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. million bbl/d in 2009-2010.

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Oil Panama Saudi Arabia United Arab Emirates 297

Green Car Congress

AUGUST 11, 2012

The International Energy Agency’s August Oil Market Report (OMR) trims 2012/2013 oil demand expectations by 300-400 thousand barrels per day (kb/d), although annual growth remains in an 800-900 kb/d range both years. Highlights of the August OMR include: Sluggish economic growth could restrict annual oil demand growth to 0.9

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2013 2012 Oil Iran 236

Green Car Congress

SEPTEMBER 2, 2015

The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

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Oil Saudi Arabia UAE 2015 150

Green Car Congress

MARCH 24, 2016

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. US oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 That has sparked a renewed sense of optimism among oil traders.

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Oil Prices Oil Price North Dakota 150

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

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Oil Oil-Sands Price Production 261

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

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Saudi Arabia Venezuela Iran Nigeria 150

Plugs and Cars

FEBRUARY 20, 2007

Today the Wall Street Journal (subscription required) reports "Soaring Energy Use Puts Oil Squeeze on Iran." Iran may start rationing gasoline as soon as next month, and its oil exports could dry up in as little as a decade. According to their website, "S.V.E.plans to put a vehicle on the market in 2007."

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Iran Oil Electric Cars Cars 100

Green Car Congress

JULY 11, 2016

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 —Eklavya Gupte, senior editor for S&P Global Platts. million b/d production capacity, but in early July Libya’s National Oil Corp.

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Saudi Arabia 2008 Iran Niger 150

Green Car Congress

JANUARY 20, 2011

million unit global NGV market which we forecast will expand at a compound annual growth rate (CAGR) of 7.9% The growth in vehicles will lead to growth in usage of natural gas for transportation fuel, which Pike expects to reach 19,123 million cubic meters of gas globally (6.7% million vehicles per year in 2010 to more than 3.2

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2016 Global Iran Sale 218

Green Car Congress

NOVEMBER 2, 2020

Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. Sentyurin also acknowledged the role of Turkmenistan as one of the founders of the Forum, the 20 member countries of which today represent 71% of proven gas reserves, 45% of its marketed production, 53% of pipeline, and 60% of LNG exports across the world.

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Turkmenistan Equatorial Guinea United Arab Emirates Gas 170

Green Car Congress

OCTOBER 6, 2015

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

NOVEMBER 6, 2015

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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Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

DECEMBER 10, 2014

As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.

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Energy Global 2010 Oil-Sands 252

Green Car Congress

DECEMBER 11, 2009

A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth. The cleantech market intelligence firm forecasts that the number of NGVs on the road worldwide will grow to 17 million vehicles by 2015, up from 9.7 million in 2008. Availability. Dave Hurst, Pike Research.

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2015 Gas Fleet Global 268

Green Car Congress

NOVEMBER 1, 2022

These results are exceptional, and they demonstrate the value of pairing global-scale perspective with the resolution required to identify methane point sources, down to the facility scale. In Turkmenistan, EMIT identified 12 plumes from oil and gas infrastructure east of the Caspian Sea port city of Hazar.

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Turkmenistan Iran New Mexico Mexico 210

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. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world. By offering almost 2.8

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Saudi Arabia Price Oil India 150

Green Car Congress

OCTOBER 25, 2015

In other words, banks are allowing drillers to continue to borrow, which could delay the inevitable balancing needed in the market. It may just delay the adjustment for oil markets. “It Bond markets have essentially been ruled out as a new source of finance for high-yield producers.

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Saudi Arabia Oil Prices Oil Russia 150

Green Car Congress

OCTOBER 31, 2014

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. The US dollar then went through a massive devaluation, and oil played a crucial role in propping it back up.

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Russia Oil Saudi Arabia China 225

Green Car Congress

JULY 22, 2015

With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. oil sector is likely to witness a lot more layoffs than we have seen so far?

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Oil Prices Oil Price India 150

Green Car Congress

NOVEMBER 13, 2010

The global natural gas vehicle fleet has grown rapidly in the last 10 years, but still represents less than 1% of global transport fuel consumption. The global fleet of NGVs consists largely of passenger cars/LDVs, although there are some regional differences. Click to enlarge. gas sources, such as biogas or bio-synthetic gas.

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Gas Transportation CO2 Global 207

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6 billion to $3.5)

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

JUNE 10, 2011

MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.

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MIT Gas Transportation Future 299

Green Car Congress

OCTOBER 19, 2009

Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. Pike Research anticipates India will be the fastest-growing NGV market with a CAGR of 18.4% million in 2008. between 2008 and 2015. Availability.

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2015 Gas Vehicles Pakistan 170

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Plunging oil prices have substantially reduced Saudi revenues. Racing to Barrel Oil.

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Saudi Arabia Oil Iraq Iran 150

Green Cars News

OCTOBER 19, 2009

It has also forecast that the market will grow globally at a rate of 5.5 Currently, the top five markets for natural gas vehicles are Pakistan, Argentina, Iran, India and Brazil with Pike Research anticipating that India will be the fastest growing market at a rate of 18.4 per cent between 2008 and 2015.

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Gas Pakistan Iran Argentina 36

Green Car Congress

SEPTEMBER 18, 2015

The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. OPEC and US crude oil production.

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Oil Oil-Sands Oil Prices 2015 150

Green Car Congress

JULY 28, 2018

dollar poses an obstacle to further gains in oil prices. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive. As capital flees some of these emerging markets and flows into safe haven assets, such as the U.S.

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Oil Prices Oil Price South Africa 170

Green Car Congress

MAY 5, 2014

Reform of energy subsidies in oil-exporting countries can reduce carbon emissions and add years to oil exports, according to a new paper from Rice University''s Baker Institute for Public Policy. Oil exporting regimes depend on export revenues to maintain control. —Jim Krane.

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Energy Iran Oil Indonesia 199