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Estimated attribution of fuel savings due to fuel economy improvements to light-duty vehicles since 1975. Since 1975, the test-cycle fuel economy of light-duty vehicles (passenger cars and light trucks) sold in the U.S. Also since 1975, light-duty vehicle travel increased by 134% while fuel use increased by only 37%.
The collapse in world oilprices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60
The most recent four-week rolling average of US crude oil exports reached 3.51 In 2013, the US government lifted export restrictions on minimally processed ultra-lightoil. US crude oil exports have increased significantly since 2015 and have averaged around 3.00 As of 16 July, the WTI crude oilprice averaged $2.82/b
As oilprices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. With this kind of impending discrepancy between supply and demand, the industry needs to start looking for new sources of oil, and quickly. by Haley Zaremba for Oilprice.com.
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oilprice slump. Is Saudi Arabia losing the oilprice war? “It
The impact of rising oilprices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oilprices. by David Yager for Oilprice.com.
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oilpricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. by Tsvetana Paraskova for Oilprice.com.
The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. million units for 2019. million units in 2021.
Under its most conservative of scenarios, more than 5 million light-duty electric-drive vehicles will be on the road in the US by 2035, according to a new forecast by IEE , an institue of the Edison Foundation. In this, electric light duty vehicles (LDVs) represent 2% of the registered vehicle stock (5.3 Source: IEE. Click to enlarge.
Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). T he Brent crude oil spot price declines from $112 per barrel (bbl) (in 2012 dollars) in 2012 to $92/bbl in 2017. LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2012 to 12.1
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., These include the dive in oilprices that began in mid-2014, as well as the phasing out of some local government purchase incentives. million in 2024.
Strong global demand raised international oilprices by more than domestic ones. Domestic WTI crude oilprices averaged $66.25 Meanwhile, international Brent crude oilprices continued to increase by more—8.5 per barrel, which reinforces global economic and oil demand strength. MBD in April.
Their model tracks the evolution of the light-duty vehicle parc in the US, its fuel usage, and corresponding demands for energy stocks. Among their findings were: RFS2 is satisfied at extreme oilprices (at least $215/barrel). This oilprice encourages biofuel use in the RFS2 timeframe, but not in the long run.
However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive. North America continues to be an impetus to global light vehicle demand levels. North America. from last year. million units. million units.
Any major disruption to cobalt today would likely curb EV proliferation in the early 2020s, in turn supporting long dated crude oilprices,” Bank of America Merrill Lynch warned. That would alter oil demand forecasts, but in complicated ways. The EV market is also rife with uncertainty. That has mostly run its course.
In a new report, Navigant Research forecasts that total annual global light-duty start-stop vehicle (SSVs) sales will reach 59 million, accounting for 55% of all light duty vehicle sales.
The two companies launched the JV, SK Continental E-motion, in January 2013, with the mission of developing, producing and distributing lithium-ion based battery systems for cars and light commercial vehicles. Earlier post.). SK Innovation had a 51% stake while Continental owned 49%. billion won (US$13.87
The results of a new, comprehensive modeling study characterizing light-duty electric drive vehicle (EDV) deployment in the US over 108 discrete scenarios do not demonstrate a clear and consistent trend toward lower system-wide emissions of CO 2 , SO 2 , and NO x as EDV deployment increases. —Babaee et al.
One of the many charts available from the maps and data library on the AFDC site, this shows the number of light-duty alternative fuel vehicles (AFVs), hybrid electric vehicles (HEVs), and diesel models offered by vehicle manufacturers from 1991 through 2012. Click to enlarge.
By 2030, annual PEV sales are estimated to be between 15% and 32% of the global light duty vehicle market, producing a global PEV population between 107 million and 190 million.
In 2011 and 2012, higher oilprices and increased fuel efficiency of light-duty vehicles contributed to reduced US consumption. Declines in petroleum consumption in the United States in 2008 and 2009 occurred during the economic downturn. Increased consumption in 2010 reflected improving economic conditions.
World oilprices remain high in the IEO2011 Reference case, but oil consumption continues to grow; both conventional and unconventional liquid supplies are used to meet rising demand. In the IEO2011 Reference case the price of light sweet crude oil (in real 2009 dollars) remains high, reaching $125 per barrel in 2035.
On the supply side, most of the growth will come from the Americas, buoyed by the transformative power of advanced extractive technologies applied to light, tight oil deposits in the US and the Canadian oil sands that has exceeded earlier expectations.
High oilprices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.
US traffic volumes started declining in November 2007 as oilprices rose and experienced dramatic drops in 2008. Light rail systems performed the best, with a 1.8% The first-quarter report from the American Public Transportation Association (APTA), released in mid-June, found a 1.2% year-over-year drop in ridership.
There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oilprice spikes that started in 2007 and peaked in 2008. This increase in oilprices again pushed the economy into a recession.
The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. The percentage of acetate labelled with 13 C is shown in light blue for each time point. Jones et al. Click to enlarge.
million units for 2020, with light vehicle sales forecast to post 22.4 EVs also face another headwind with the low price of oilprices, making them less competitive in terms of fuel cost savings vis-à-vis their internal combustion engine counterparts. during the global recession in 2008/2009.
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 oilprices.
” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oilprices in the $90/bbl region. In DB’s Fall 2009 note, they had forecast 12% growth.
With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Source: opec.org).
High oilprices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy. However, this does not imply a new era of oil abundance, the report cautions.
The transportation sector thus represents a significant fraction of total greenhouse gas (GHG) emissions both globally and in the US—light-duty vehicles (LDVs) are responsible for 17.5% of carbon dioxide (CO 2 ) emissions in the US.
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oilprices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.
Transcanada began the application process in 2013, when oilprices were substantially higher. In light of the project’s inability to reach a regulatory decision, no recoveries of costs from third parties are expected. The company has also faced unrelenting environmental opposition to the projects.
These growth plans would result in Syncrude broadening its production from the current light, sweet synthetic blend to a slate including heavy and sour blends. Decisions regarding further upgrading capacity will be considered in the future in the context of evolving heavy/light crude oilprice spreads. and Imperial Oil.
Further, the fossil fuel share of primary energy consumption falls from 82% in 2011 to 78% in 2040 as consumption of petroleum-based liquid fuels falls, largely because of the incorporation of new fuel efficiency standards for light-duty vehicles. Biofuels grow at a slower rate due to lower crude oilprices and. than in AEO2012.
IVECO has achieved a technological advantage in natural gas engines by having developed a complete range of both CNG and LNG (Liquefied Natural Gas) vehicles, from the light commercial vehicle, Daily, to the urban bus, Urbanway, and the new Stralis LNG for long-haul transport, launched last June. This will result in a direct benefit of €1.5
The Roadmap proposes completely transforming the US light-duty vehicle fleet into one in which grid-enabled mobility (grid-enabled vehicles, GEV) is the new conventional standard. By 2040, the report proposed, 75% of the light-duty vehicle miles traveled in the US should be electric miles. Global Demand for Oil. Trade Deficit.
AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High OilPrice, and High Oil and Gas Resource) that reflect updated scenarios for future crude oilprices. trillion cubic feet (Tcf) in the Low OilPrice case to 13.1
The tight oil production phenomenon continued to increase the share of sweet light crudes, which rose above 20% worldwide. WTI, the US light crude, covers 60% of global growth. Asia Pacific’s oil dependence continues to grow, ranking first in terms of deficit. The growth is slightly under the five-year average of 1.7%
The DOE-QTR defines six key strategies: increase vehicle efficiency; electrification of the light duty fleet; deploy alternative fuels; increase building and industrial efficiency; modernize the electrical grid; and deploy clean electricity. DOE’s most significant role in transport research is here.
In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% Navigant forecasts that the number of light-duty NGVs on the world’s roads will double by 2025 to 39.6 million vehicles in 2015 to 3.9 million in 2025. million, accounting for 2.6%
Instead it pursued a strategy of fighting for market share, contributing to an immediate rout in oilprices. OPEC is widely expected to continue its current strategy at its next meeting, and as such, no rebound in oilprices is expected, at least not because of the results of the group’s meeting in Vienna.
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