Green Car Congress
APRIL 8, 2020
The trajectory of North American gas supply is set to change radically as a result of the fall in oil prices that has occurred due to COVID-19 and the breakdown in production cooperation between OPEC and Russia, according to IHS Markit. The Permian Basin, long viewed as the gem of US unconventional oil production, currently produces 4.6
Green Car Congress
MAY 30, 2018
The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. Refining costs and profits represented 12%, distribution and marketing costs 12%, and federal and state taxes 15%.
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
JANUARY 26, 2023
EIA based the forecast on expectations of crude oil prices and infrastructure capacity additions. The forecast of crude oil production in the Permian increases by 470,000 b/d to average 5.7 Production in other US crude oil-producing regions is forecast to increase by 70,000 b/d in 2024. million b/d in 2023.
Green Car Congress
JULY 21, 2021
Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51
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.
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