Global Oil Prices Production South America 
Green Car Congress
APRIL 13, 2023
Energy Information Administration (EIA) increased its forecast for the 2023 Brent crude oil price by 2.5% This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. Despite OPEC+ announcing it would cut crude oil production by 1.2 from its previous forecast.
Green Car Congress
FEBRUARY 3, 2015
IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 In India, falling inflation, lower interest rates, energy prices and a regained confidence will help lift the car market into growth mode starting in 2015 after a two-year lull. North America. South America. million, an increase of 2.4%
Green Car Congress
JANUARY 6, 2022
Meanwhile, mainland China has already become the top global importer of LNG. —Michael Stoppard, chief strategist, global gas, IHS Markit. However, by August both Asian and European spot LNG prices climbed well above their oil price equivalent and remained above it for the rest of the year. MMt set in 2014.
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.
Green Car Congress
JANUARY 17, 2015
The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Average expected production was to be 174 MW.
Green Car Congress
AUGUST 30, 2009
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.
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