Green Car Congress
JULY 12, 2021
Natural gas prices declined to multi-year lows; however, the share of gas in primary energy continued to rise, reaching a record high of 24.7%. Country wise, Russia (-1 million b/d), Libya (-920,000 b/d) and Saudi Arabia (-790,000 b/d). The oil price (Dated Brent) averaged $41.84/bbl million b/d in 2020 driven by both OPEC (-4.3
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. mb/d, meaning Libya won't be able to bring output back to pre-war levels of 1.6
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Green Car Congress
APRIL 1, 2022
Biden said that his administration would restock the reserve when prices are lower. Biden called the latest release a “wartime bridge” to increase oil supply until domestic production ramps up later this year. The release is by far the largest yet from the national reserves. Background. 1 March 2022 IEA Coordinated Release.
Green Car Congress
JUNE 13, 2012
These shocks pushed energy prices higher in much of the world, with oil prices reaching a record annual average of more than $100 per barrel (bbl) for the first time. Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl, Prices increased in all regions.
Green Car Reports
FEBRUARY 28, 2011
Turmoil in Libya is making global oil markets nervous. That means higher gasoline prices. Cue the creeping unease and outright fear that Our American Way Of Life May Be In Peril. Well, it's Monday morning, and we have a brisk message for our U.S. readers: Shut up and stop whining.
Green Car Congress
JUNE 20, 2012
While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high. As fuel consumers, DoD and the services have only one effective option to deal with high petroleum prices: to reduce use of petroleum fuels overall. Could oil production peak before 2030?
Green Car Congress
JANUARY 13, 2017
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel. The pace and magnitude of each trend will ultimately drive oil prices one way or the other.
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