Green Car Congress

MAY 22, 2019

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

Oil Prices 330

Oil Prices Gasoline-Electric Gasoline Oil 330

Green Car Congress

NOVEMBER 4, 2021

New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.

Oil 305

Oil Carbon Global Market 305

Green Car Congress

MAY 24, 2017

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. shale production will continue to grow along with global demand. shale production will continue to grow along with global demand. oil may not be able to fill.

Oil Prices 170

Oil Prices Oil Saudi Arabia Price 170

Green Car Congress

MARCH 10, 2021

US crude oil production averaged 11.3 The production decline resulted from reduced drilling activity related to low oil prices in 2020. The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8

Oil 418

Oil 2020 North Dakota New Mexico 418

Green Car Congress

MAY 11, 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day set in 2019.

Oil 344

Oil Price Production Oil Prices 344

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources.

Oil Prices 170

Oil Prices Oil Industrial Industry 170

Green Car Congress

JUNE 18, 2022

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6

Oil 210

Oil Global Libya Russia 210

Green Car Congress

OCTOBER 26, 2017

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. The threat of an outage will carry more weight as the oil market tightens.

Oil Prices 170

Oil Prices Oil Libya Iraq 170

Green Car Congress

AUGUST 7, 2020

Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. bbl in 2020 and $49.25/bbl bbl in 2021—up $7.09/bbl bbl and $5.25/bbl,

Saudi Arabia 186

Saudi Arabia Oil Prices Oil Price 186

Green Car Congress

MAY 18, 2017

shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S. oil production,” the consultancy noted.

Oil Prices 170

Oil Prices Oil 2017 Price 170

Green Car Congress

JULY 12, 2021

The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. World oil production fell for the first time since 2009 by 6.6 million b/d). million b/d.

2020 397

2020 Oil Saudi Arabia Energy 397

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. gal and $3.70/gal

Global 210

Global Fuel Production South America 210

Green Car Congress

APRIL 5, 2023

EIA projects that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support US production. It also assumes the Brent crude oil price reaches $101 per barrel (b) (in 2022 dollars) by 2050.

International 273

International Oil Prices Production Oil 273

Green Car Congress

JULY 30, 2019

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

Saudi Arabia 170

Saudi Arabia Oil 2018 Global 170

Green Car Congress

MARCH 24, 2016

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. That has sparked a renewed sense of optimism among oil traders.

Oil Prices 150

Oil Prices Oil Price North Dakota 150

Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

Oil 276

Oil Global 2003 2007 276

Green Car Reports

OCTOBER 28, 2022

Global demand for fossil fuels will peak this decade due in part to Russia's invasion of Ukraine, which has accelerated many countries' move to renewable energy, according to the International Energy Agency (IEA).

Ukraine 167

Ukraine Global Oil Prices Russia 167

Green Car Congress

MARCH 11, 2015

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.

Oil Prices 150

Oil Prices Oil Price South Africa 150

Green Car Congress

DECEMBER 11, 2014

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 Abhishek Deshpande, an oil market analyst at Natixis, agreed.

Oil Prices 199

Oil Prices Oil 2015 Price 199

Green Car Congress

JULY 8, 2021

As outlined in its current Short-Term Energy Outlook , the US Energy Information Administration (EIA) estimates that global consumption of petroleum and liquid fuels averaged 92.3 EIA expects that global liquid fuels consumption will grow by 5.3 In the EIA forecast, global consumption of liquid fuels rises by an additional 3.7

2019 243

2019 Global Fuel Gasoline-Electric 243

Green Car Congress

OCTOBER 7, 2021

In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency. —Stephen Nalley.

Global 259

Global Energy Emissions Asia 259

Green Car Congress

DECEMBER 30, 2015

OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. 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. mb/d between 2020 and 2025, 3.3

Oil Prices 150

Oil Prices Oil Price Climate Change 150

Green Car Congress

MARCH 13, 2015

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.”. decline curves eventually catch up with fewer rigs, oil supplies should start to fall.

Oil Prices 150

Oil Prices Oil Price Dallas 150

Green Car Congress

JANUARY 23, 2019

The latest crash in oil prices once again raises this prospect. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells. The calculus on completing wells can cut two ways. production levels.

Oil 236

Oil Oil Prices 2019 Price 236

Green Car Congress

AUGUST 7, 2015

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. by Nick Cunningham of Oilprice.com.

Oil 150

Oil Saudi Arabia Supplies Oil Prices 150

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. by Cyril Widdershoven for Oilprice.com.

Oil 231

Oil Industrial Industry Financing 231

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. In recent years, U.S.

Oil 150

Oil Supplies Oil Prices 2017 150

Green Car Congress

JULY 6, 2018

When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. The timing is right.

Oil 170

Oil India Oil Prices Japan 170

Green Car Congress

OCTOBER 2, 2019

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil 199

Oil Gas Oil Prices Water 199

Green Car Congress

SEPTEMBER 8, 2022

The US Energy Information Administration (EIA) expects higher-than-average natural gas prices globally as demand remains high this winter in the United States, Europe, and Asia, and inventories remain low. EIA expects that oil prices will remain somewhat the same for the rest of the year, although with continued price volatility.

Gas 150

Gas Price Global Gas-Electric 150

Green Car Congress

JULY 6, 2018

When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. The timing is right.

Oil 150

Oil India Oil Prices Japan 150

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. It all represents the strongest headwinds for shale producers since the oil price collapse in 2015. —Raoul LeBlanc. —Raoul LeBlanc.

Oil 170

Oil Price Oil Prices Production 170

Green Car Reports

APRIL 13, 2020

The research firm Wood Mackenzie last Wednesday already suggested that it will—and that global sales of electric vehicles could drop 43 percent in 2020. Could the economic downturn triggered by the COVID-19 pandemic affect electric vehicle sales? The firm’s research ratcheted EV sales expectations way down from 2.2

Oil Prices 161

Oil Prices Sale Oil Market 161

Green Car Congress

APRIL 8, 2020

GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market.

CO2 353

CO2 Fleet Emissions Oil Prices 353

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). The oil market is at a crossroads.

Oil 255

Oil Oil-Sands Global Oil Prices 255

Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

Oil 150

Oil 2016 Oil-Sands Global 150

Green Car Congress

AUGUST 23, 2012

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. North America is expected to witness the highest capex globally, with $254.3

Oil 210

Oil 2012 Oil-Sands Gas 210