Green Car Congress
APRIL 20, 2022
EIA expects higher fuel prices this summer as a result of higher crude oil prices. Crude oil prices have generally risen since the start of the year partly as a result of geopolitical developments, particularly Russia’s war against Ukraine. Greater demand will contribute to higher crude oil prices.
Green Car Congress
AUGUST 7, 2020
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,
Green Car Congress
APRIL 6, 2017
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?
Green Car Congress
APRIL 24, 2015
Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels.
Green Car Congress
FEBRUARY 28, 2022
Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region. bp has operated in Russia for over 30 years, working with brilliant Russian colleagues. bp expects a $14-15 billion range for capital expenditure in 2022, rising to $14-16 billion between 2023-5. billion at year-end 2021.
Green Car Congress
FEBRUARY 3, 2017
It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity.
Green Car Congress
JANUARY 6, 2022
Among sellers, signings were roughly evenly split between the United States, Russia, Qatar and portfolio suppliers (although many of the latter are likely to source volumes from US projects). However, by August both Asian and European spot LNG prices climbed well above their oil price equivalent and remained above it for the rest of the year.
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