Remove Market Remove Price Remove Range Remove Russia
article thumbnail

EIA expects summer US real gasoline and diesel prices to be the highest since 2014

Green Car Congress

The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 per gallon this summer driving season—April through September—compared with last summer’s average price of $3.06/gal. EIA expects higher fuel prices this summer as a result of higher crude oil prices.

Gasoline 259
article thumbnail

IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

But a range of both advanced and emerging economies have recently announced energy strategies that include substantial roles for nuclear power as well as considerable financial incentives to invest in it. —IEA Executive Director Fatih Birol.

Russia 458
article thumbnail

IHS Markit says outlook for crude oil prices strengthens through 2021

Green Car Congress

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,

article thumbnail

Roland Berger: Russian embargo against the Western automotive industry would hit Russia harder

Green Car Congress

A decision by Russia to retaliate against sanctions imposed by the European Union and the US over Ukraine by imposing strong Russian sanctions—i.e., Economic downturn and political uncertainty have kept revenues in the Russian automotive market on a downward trend for months now. The forecasted market volume of 2.2

Russia 247
article thumbnail

When Will Russia Run Out Of Oil?

Green Car Congress

Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. When will Russia run out of oil? million tons.

Russia 150
article thumbnail

IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

Green Car Congress

UGES generates electricity when the price is high by lowering sand into an underground mine and converting the potential energy of the sand into electricity via regenerative braking and then lifting the sand from the mine to an upper reservoir using electric motors to store energy when electricity is cheap. Dabek, P.B., Brandão, R.,

article thumbnail

Tesla Model 3 and Model Y receive latest round of price increases in US and China

Teslarati

The long range variants of the Tesla Model 3 sedan and Model Y crossover have received a $1,000 price adjustment in the United States. In China, select variants of the Model 3 and Model Y also received a price increase of RMB 10,000 (about $1,500). The Model Y Long Range Dual Motor, on the other hand, now starts at $59,990.

Price 98