Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. That leaves the period until the end of the 2020s, during which we believe overall oil demand will continue to grow (albeit slower than before). Why an oil price spike would be bad for the industry. Since (non-U.S.

Oil Prices 170

Oil Prices Oil Industrial Industry 170

Green Car Congress

JULY 30, 2019

In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5

Saudi Arabia 170

Saudi Arabia Oil 2018 Global 170

Green Car Congress

APRIL 18, 2020

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

2020 191

2020 Commercial Global Production 191

Green Car Congress

DECEMBER 30, 2015

The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.

Oil Prices 150

Oil Prices Oil Price Climate Change 150

Green Car Congress

MARCH 13, 2015

The question begs then, has that money shown up in other parts of the economy? Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oil prices throughout the economy.”.

Oil Prices 150

Oil Prices Oil Price Dallas 150

Green Car Congress

AUGUST 31, 2011

World ethanol and biodiesel production, 1975-2010. Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. Source: Worldwatch Institute. Click to enlarge. Biofuels provided 2.7% —Sam Shrank.

2010 256

2010 Brazil Global Argentina 256

Green Car Congress

JANUARY 23, 2019

Some level of DUCs is normal, but the ballooning number of uncompleted wells has repeatedly fueled speculation that a sudden rush of new supply might come if companies shift those wells into production. The latest crash in oil prices once again raises this prospect. production levels. DUCs may keep U.S.

Oil 236

Oil Oil Prices 2019 Price 236

Green Car Congress

JANUARY 7, 2015

Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.”

Oil 150

Oil Oil Prices Gas Production 150

Green Car Congress

DECEMBER 21, 2015

In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., The growth of PEV market share will be aided in part by the number and variety of PEV offerings coming to the market over the next several years. million in 2024.

Light 150

Light Sale Global Oil Prices 150

Green Car Congress

APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. shale output.

Oil 150

Oil Supplies Oil Prices 2017 150

Green Car Congress

JUNE 13, 2012

Oil remains the world’s leading fuel, but its 33.1% Global energy consumption grew by 2.5% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% globally, and 8.4% Source: BP.

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

MAY 24, 2012

Global CO 2 emissions from fossil-fuel combustion reached a record high of 31.6 Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). gigatonnes (Gt) in 2011, according to preliminary estimates from the International Energy Agency (IEA). This represents an increase of 1.0

2011 230

2011 Emissions Global CO2 230

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

Oil 261

Oil Oil-Sands Price Production 261

Green Car Congress

JUNE 1, 2016

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. The price acts as a self-correcting mechanism.

Oil 150

Oil Supplies Market Oil Prices 150

Green Car Congress

JULY 6, 2018

oil and gas production gives us greater leverage against OPEC,” the Times of India quoted an Indian official as saying last month after the formal start of said talks. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. Now, it may be time for it to start worrying.

Oil 170

Oil India Oil Prices Japan 170

Green Car Congress

JUNE 12, 2014

However, the new forecast represents a slowing of future oil sands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 CAPP forecast. Click to enlarge. In 2013, 1.9

Oil-Sands 199

Oil-Sands Oil Production 2013 199

Green Car Congress

DECEMBER 23, 2016

Oil prices are probably already high enough to spark a rebound in shale production. Even when US oil production hit a peak at 9.7 By the third quarter, oil prices had climbed back to above $40 and traded at around $50 per barrel for some time, replenishing some lost revenue. That isn’t a typo.

Oil Prices 150

Oil Prices Libya Oil Nigeria 150

Green Car Congress

NOVEMBER 12, 2012

The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades.

Global 225

Global 2012 Energy Oil 225

Green Car Congress

JULY 6, 2018

oil and gas production gives us greater leverage against OPEC,” the Times of India quoted an Indian official as saying last month after the formal start of said talks. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. Now, it may be time for it to start worrying.

Oil 150

Oil India Oil Prices Japan 150

Green Car Congress

FEBRUARY 3, 2015

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. North America continues to be an impetus to global light vehicle demand levels. million, an increase of 2.4% North America. Europe; Russia influences.

2015 150

2015 Light Market Global 150

Green Car Congress

SEPTEMBER 13, 2020

These ‘moly steel’ alloys are used in parts of engines. In the first half of 2020, the Brent crude oil price crashed from US$67.3/bbl The price has since recovered but remains well below levels seen in 2019. Other mines decided to cut production by up to 50% such as the Climax mine in the US. bbl in April 2020.

2020 186

2020 2019 2018 Oil 186

Green Car Congress

JANUARY 17, 2015

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Average expected production was to be 174 MW.

Renewable 150

Renewable Parts Power Powered 150

Green Car Congress

APRIL 7, 2021

The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.

2019 186

2019 Fuel Coal 2020 186

Green Car Congress

FEBRUARY 28, 2019

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. British accountancy firm Moore Stephenson stated that lower prices were the main cause.

Oil 231

Oil Industrial Industry Financing 231

Green Car Congress

MARCH 23, 2017

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. Having a smaller footprint globally would, in turn, mean that OPEC would wield less influence over the price of oil.

Iraq 150

Iraq Saudi Arabia Oil Oil Prices 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.

Oil 150

Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

FEBRUARY 23, 2017

China is the global leader in methanol use and has recently expanded its methanol production capacity. These changes were driven by an analysis of methanol use in China and the incorporation of more detailed information on the refined product markets in China and other non-OECD countries.

2000 150

2000 2016 Fuel China 150

Green Car Congress

FEBRUARY 9, 2018

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday.

Oil Prices 199

Oil Prices Oil Price Market 199

Green Car Congress

OCTOBER 5, 2017

Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil. by Irina Slav for Oilprice.com.

Brazil 150

Brazil Oil Argentina Oil Prices 150

Green Car Congress

APRIL 6, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. by Viktor Katona for Oilprice.com. In 2016, only 3.7 million tons.

Russia 150

Russia Oil 2016 Oil Prices 150

Green Car Congress

JULY 21, 2015

Red Rock’s first refinery, funded in part by a $70-million Title III DPA grant from the U.S. In addition to reducing lifecycle carbon emissions, Red Rock’s production process will reduce the risk of devastating forest fires in the western United States by decreasing the amount of waste woody biomass in surrounding forests.

Renewable 150

Renewable Supplies Fuel Oil Prices 150

Green Car Congress

FEBRUARY 8, 2011

Production capacity must be established, and technology, vehicle cost and infrastructure barriers must be addressed to achieve large-scale market introduction. This report provides a progress update toward achieving the goal: The status of vehicle sales and future production volume estimates. Production capacity. Earlier post.).

2015 210

2015 Plug-in Tax Credit Plug 210

Green Car Congress

MAY 22, 2013

The results of the study, which was conducted as part of the Queensland Sustainable Aviation Fuel Initiative , were presented at the Boeing-hosted Aero Environment Summit in Sydney. Pongamia pinnata is a legume tree which produces a seed rich in oil.) Pongamia pinnata is a legume tree which produces a seed rich in oil.)

Renewable 186

Renewable Fuel Australia Oil 186

Green Car Congress

AUGUST 9, 2016

Expanding into an area outside of the oil supermajors’ expertise is risky—batteries are a hard business to win even for industry veterans—but action is key as transportation and the grid increasingly march toward more electrification, Lux suggests. Asia challenges loom for battery acquirers.

Oil 150

Oil Solar Energy Storage Asia 150

Green Car Congress

AUGUST 28, 2017

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. Low-sulfur bunker fuels (primarily for smaller vessels), and liquefied natural gas (LNG) (primarily for new builds) will be part of the solution.

Mariner 150

Mariner 2020 Fuel Oil 150

Green Car Congress

APRIL 10, 2009

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil 150

Oil Standards Price Oil Prices 150

Green Car Congress

JANUARY 8, 2012

The Hyundai FLNG has an annual production capacity of 2.5 Hyundai notes that the development of the FLNG makes Hyundai Heavy the only company that can conduct engineering, procurement, installation and commissioning for both the topside and hull part. Earlier post.) PETRONAS has awarded Daewoo Shipbuilding & Marine Engineering Co.,

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Hyundai Oil Prices Gas Oil 199