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Opinion: Everyone Is Guessing When It Comes To Oil Prices

Green Car Congress

Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

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Will Oil Price Collapse Because We're Out Of Room To Store It?

Green Car Reports

Oil prices have dropped precipitously over the past few months, and while that''s led to lower gas prices, it''s also creating a somewhat unusual problem. No matter how much or little oil the national economy is consuming, it''s still pumped out of the ground in massive quantities.

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What Does The Next OPEC Meeting Have In Store?

Green Car Congress

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels.

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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Green Car Congress

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.

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IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

It is thought-provoking and while it cannot possibly anticipate everything the next five years have in store, we hope it will help the reader think through the issues and gain a more refined understanding of the broader context in which tomorrow’s surprises will play out. —IEA Executive Director Maria van der Hoeven.

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GE and Sargas AS partner on gas-fired plants with carbon capture for enhanced oil recovery

Green Car Congress

Traditional EOR supplies of naturally occurring carbon dioxide stored underground is running out, and with oil prices expected to remain above $80/bbl it is important for oil companies to maximize oil production with enhanced oil recovery.

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Electric Vehicle Charging Principle

Setec Powerr

With soaring oil prices and global policy support, electric vehicles will become increasingly popular. In short, lithium-ion batteries store and release energy through chemical reactions. Slowly electric vehicles will become the mainstream of the market. How does a lithium-ion battery work?