Industrial Market Oil Prices Texas 
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. —Gabriel Collins.
Green Car Congress
DECEMBER 5, 2014
trillion junk-bond market. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. In order to tap the bond market, these companies had to pay a hefty interest rate. The situation will compound itself if oil prices stay low.
Green Car Congress
NOVEMBER 14, 2014
With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream.
Green Car Congress
JANUARY 21, 2015
US oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. With weak demand, drillers can negotiate down rig prices.
Green Car Congress
NOVEMBER 26, 2015
an industry consultant, oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps. “I Still, upstream E&P companies are also being substantially squeezed by another plunge in oil prices. According to Graves & Co.,
Green Car Congress
JULY 13, 2016
Because of this, the collective US shale industry has been likened to the new “swing producer”: low oil prices force quick cutbacks but higher prices trigger new supplies. In essence, shale could balance the market in the way OPEC used to. Bringing back all of that equipment and personnel is no easy task.
Green Car Congress
DECEMBER 8, 2020
For decades, California led all US states in consumption of gasoline, but that position has been passed to Texas, which finds smaller year-on-year volume declines of 15.8%. The data speaks to a major problem for the petroleum industry and oil prices as it recovers from unprecedented demand declines for most of 2020.
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