Green Car Congress

MARCH 24, 2016

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. That has sparked a renewed sense of optimism among oil traders.

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Oil Prices Oil Price North Dakota 150

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices 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 oil prices. by David Yager for Oilprice.com.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

JULY 30, 2019

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

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Saudi Arabia Oil 2018 Global 170

Green Car Congress

APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S.

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Oil Supplies Oil Prices 2017 150

Green Car Congress

JUNE 18, 2022

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb below the 2017-2021 average. mb/d in 2022 to 2.2 mb/d to 101.6

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Oil Global Libya Russia 210

Green Car Congress

AUGUST 24, 2018

The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 This national increase is almost entirely driven by tight oil. Lower wellhead prices in the region are contributing to slower growth in Permian crude oil production in 2019 compared with 2018.

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2019 Oil Production 2018 236

Green Car Congress

NOVEMBER 19, 2016

US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Hopper released the final plan to guide future energy development for the Nation’s Outer Continental Shelf (OCS) for 2017-2022. The vast majority of US offshore oil production occurs in the Gulf of Mexico.

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Mexico 2017 Oil Gas 150

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. The combination of closed capital markets and weak prices are pulling cash out of the system. —Raoul LeBlanc. —Raoul LeBlanc.

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Oil Price Oil Prices Production 170

Green Car Congress

MAY 18, 2018

April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. The first four months of this year also saw US petroleum demand average 750,000 barrels a day above the same period in 2017 despite higher prices. above April 2017. above April 2017.

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2007 Oil Prices Oil Production 259

Green Car Congress

APRIL 27, 2017

Crude oil production in the US Permian Basin is expected to increase to an estimated 2.4 Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. million b/d) in that month. billion barrels of hydrocarbon gas liquids.

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Oil Production New Mexico Oil Prices 170

Green Car Congress

FEBRUARY 3, 2017

The Oil War Is Only Just Getting Started. 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.

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Oil Saudi Arabia Oil Prices Low Cost 150

Green Car Congress

JANUARY 5, 2018

US regular retail gasoline prices averaged $2.41 per gallon in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal less than in 2015, according to the US Energy Information Administration (EIA). Higher crude oil prices in 2017 contributed to higher gasoline prices. gal at some point in the year.

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San Francisco 2017 Gasoline 2016 150

Green Car Congress

JANUARY 5, 2019

US regular retail gasoline prices averaged $2.72 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal gal at least once in 2018.

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Gasoline 2017 San Francisco Price 236

Green Car Congress

JUNE 1, 2016

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

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Oil Supplies Market Oil Prices 150

Green Car Congress

MARCH 3, 2017

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. by Nick Cunningham of Oilprice.com.

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Oil 2011 Oil Prices Chevron 150

Green Car Congress

SEPTEMBER 13, 2017

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy. m b/d thresh- old.

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Saudi Arabia Oil Production Climate 150

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

MAY 24, 2022

Retail diesel prices in these regions are nearly equal to California’s average of $6.47/gal, Prices of distillate fuels change with the price of crude oil and with developments specific to distillate product markets. gal, according to EIA’s Gasoline and Diesel Fuel Update. Diesel fuel is a type of distillate fuel.

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Diesel Price California Philadelphia 259

Green Car Congress

MAY 30, 2019

ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. billion barrels of discovered recoverable resource.

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Papua New Guinea Emissions Carbon Guyana 191

Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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Oil 2016 Oil-Sands Global 150

Green Car Congress

MARCH 8, 2017

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

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Oil Prices Saudi Arabia Oil Price 170

Green Car Congress

JUNE 27, 2018

Well lateral lengths in the Permian have increased in average by more than 1,500 feet (ft) since 2016 to approximately 7,500 ft by the end of 2017, says GlobalData, a leading data and analytics company. On 25 June, the price of a 42-gallon barrel of West Texas Intermediate Crude (WTI) was $68.08.

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Oil Chevron Texas New Mexico 236

Green Car Congress

NOVEMBER 23, 2017

At the company’s Capital Markets Day 2017 in Johannesburg, South Africa, Sasol management said that the company will no longer pursue its proposed ) project in the US ( earlier post ) and furthermore will not invest in additional greenfields gas-to-liquids (GTL) projects. —Stephen Cornell.

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Oil Prices Louisiana South Africa Oil 150

Green Car Congress

OCTOBER 6, 2017

million barrels of crude oil per day from Alberta and Saskatchewan to the refineries of Eastern Canada and a marine terminal in New Brunswick. Transcanada began the application process in 2013, when oil prices were substantially higher. The company has also faced unrelenting environmental opposition to the projects.

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Energy Oil Prices Canada 2017 150

Green Car Congress

MARCH 14, 2019

From 2017 to 2018, PEV sales doubled in North America, and sales in Europe and China increased 39% and 77%, respectively, according to a new report from Navigant Research. —Scott Shepard, senior research analyst with Navigant Research. Though PEV market growth has been considerable, challenges remain.

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Alternative Fuels Future Plug-in Fuel 207

Green Car Congress

DECEMBER 16, 2013

Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 While domestic crude oil production is projected to level off and then slowly decline after 2020 in the Reference case, natural gas production grows steadily, with a 56% increase between 2012 and 2040, when production reaches 37.6

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Oil Light Energy Vehicles 290

Green Car Congress

JANUARY 31, 2017

If the proposed broad 20% border-adjustment tax were implemented and applied to the energy sector, the result would likely lead to a large increase in gasoline prices and a big premium in domestic oil prices vs. international, according to new analysis by Bloomberg Intelligence. Pump prices could rise an average $0.30

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Tax Gasoline Price Oil 150

Green Car Congress

JANUARY 31, 2018

Echoing the criticism of too much hype surrounding US shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. shale companies, and found that “despite rising prices most firms under our study are still in losses with no signs of improvement.” But, that advantage has vanished.

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Industrial Industry Oil 2017 207

Green Car Congress

APRIL 11, 2017

In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million b/d in 2017 and 9.9 For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 million barrels per day (b/d) in 2016, will average 9.2

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Gasoline Gasoline-Electric Production Oil 150

Green Car Congress

NOVEMBER 13, 2011

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.

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Oil Transportation Cheap Energy 247

Green Car Congress

APRIL 14, 2015

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. Tcf in the High Oil and Gas Resource case.

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2020 Energy Transportation Oil Prices 150

Green Car Congress

AUGUST 23, 2011

billion in 2017, driven by the need to conform to environmental regulations. million in 2017 at a CAGR of 16.4%. million in 2017 at a CAGR of 10.8%. Governments across the world have been passing laws mandating reductions in fuel consumption and/or carbon emissions. million by revenue and 10.3 million tonnes by volume.

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2017 Automobile Market Polymer 210

Green Car Congress

NOVEMBER 4, 2019

improvement in 2017 and marked the third year in a row the rate has declined. In China and India, primary intensity improved by almost 3%, a slight drop on 2017 levels. In China and India, primary intensity improved by almost 3%, a slight drop on 2017 levels. This was slower than the 1.7%

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Global Energy 2018 Coal 150

Green Car Congress

JANUARY 23, 2012

Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1 Over the next 10 years, continued development of tight oil (e.g., Over the next 10 years, continued development of tight oil (e.g.,

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Oil 2005 Production 2010 210

Green Car Congress

DECEMBER 22, 2016

These five have raised $430 million in total, and growth of these platforms should lead to even bigger numbers for the segment in 2017. Low oil hits drop-ins, substitutes. Spider silk catches fancy.

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2016 2010 Oil Prices 2015 150

Green Car Congress

DECEMBER 13, 2017

In October 2017, Gevo announced a partnership with Los Alamos National Laboratory (LANL) on a project to improve the energy density of Gevo ATJ to meet product specifications for tactical fuels for specialized military applications such as RJ-4, RJ-6 and JP-10, which are currently purchased by the US Department of Defense (DoD).

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Fuel Oil Prices Oil Emissions 170

Green Car Congress

JULY 28, 2015

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world. By offering almost 2.8

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Saudi Arabia Price Oil India 150