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Future International Oil Prices 
Green Car Congress
APRIL 5, 2023
Strong continuing international demand for petroleum and other liquids will sustain US production above 2022 levels through 2050, according to most of the cases in the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2023 (AEO2023). These cases include: The Reference case, which serves as a baseline, or benchmark, case.
273 
Green Car Congress
MAY 24, 2017
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.
170 
Green Car Congress
AUGUST 25, 2017
Two diametrically opposed views dominate the current debate about where the oil price is heading. But, WoodMackenzie says, many of these still-to-be-launched projects are uneconomical at oil prices in the $50s per barrel, meaning that they should not be expected to get the all-clear anytime soon. Since (non-U.S.
170 
Green Car Congress
FEBRUARY 19, 2015
It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. However, now that oil prices are so low, oil companies have no room to boost spending.
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.
150 
Green Car Congress
OCTOBER 29, 2014
This is a landmark step in revitalizing our aging fleet and replacing expensive internal combustion engine vehicles with cutting-edge EV technology, all while reducing our dependence on oil and saving Indianapolis taxpayers thousands in fuel costs each year. Indianapolis Mayor Greg Ballard.
287 
Green Car Congress
OCTOBER 7, 2021
In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency.
259 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.
170 Green Car Congress
JULY 25, 2013
The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. World energy consumption by fuel type, 2010-2040. Source: IEO2013. Click to enlarge.
317 
Green Car Congress
JULY 14, 2011
Driven by a number of growing concerns including the increasingly worrying geopolitics of oil, governments and industry are investing heavily to accelerate the development of low carbon technologies that aim to reduce, replace or obviate the use of fossil fuels in the energy mix.
225 
Green Car Congress
MAY 21, 2010
A new study by the Peterson Institute for International Economics concluded that the Kerry-Lieberman “American Power Act”—the energy and climate change legislation recently introduced in the Senate ( earlier post )—would reduced US oil imports by 33-40% below current levels and by 9-19% below projected business-as-usual levels by 2030.
220 
Green Car Congress
NOVEMBER 9, 2010
We would expect that new reserves of conventional and unconventional oil may become available for exploration due to geological exploration and advances in oil extraction techniques or that extraction from less feasible oil fields becomes more economically attractive. All of these factors would change our predicted outcome.
300 
Green Car Congress
APRIL 10, 2015
OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC.
150 
Green Car Congress
JANUARY 23, 2011
Following that announcement, G-20 Leaders agreed to national plans to implement subsidy reform (June 2010) and have asked international organizations to review and assess members’ progress against their commitments (November 2010), according to the conference report. Recent international political developments.
240 
Green Car Congress
MAY 26, 2009
International engagement—especially with China—is also a need. Carbon capture and storage will be important to both future climate change policy and future energy policy, the brief asserts, calling for Federal subsidies for 10 to 20 commercial-scale CCS projects. Oil security policy. Carbon capture and storage.
150 
Green Car Congress
FEBRUARY 28, 2019
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. The latter is partly caused by “global warming constraints” and lower oil prices in general.
231 
Green Car Congress
JANUARY 13, 2011
Electrification will also reduce oil dependence, providing foreign policy benefits and the potential to reduce real oil prices and oil price volatility. Technology agnostics avoid picking technology winners and prefer policies that internalize external cost and establish a level playing field among technologies.
252 
Green Car Congress
MARCH 27, 2020
EVs also face another headwind with the low price of oil prices, making them less competitive in terms of fuel cost savings vis-à-vis their internal combustion engine counterparts. A key variable will be to what extent the remote working patterns established in the response period will become entrenched in the future.
269 Green Car Congress
OCTOBER 2, 2019
The low levels in discoveries come as a result of a pullback during the past 10 years in the wildcat drilling that targets conventional oil and gas plays—most drastically after oil prices collapsed in 2014. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.
199 Green Car Congress
APRIL 23, 2018
Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.
276 Green Car Congress
FEBRUARY 15, 2012
In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. High oil prices continue to affect consumer behavior, and concerns about climate change and reliance on oil are likely to increasingly shape policy. Source: KPMG.
310 
Green Car Congress
JULY 12, 2011
Assumes there are only Internal Combustion Engines (ICEs) and Hybrid Electric Vehicles (HEVs) available, with no Plug-in Hybrid Electric Vehicles (PHEVs) or pure Electric Vehicles (EVs). The analysis is based on central forecasts of oil price, electricity. However, as EV and PHEV prices gradually reach. Scenario 1.
210 
Green Car Congress
OCTOBER 18, 2010
The study, in press in the Journal of Power Sources , examines the efficiency and costs of current and future EVs, as well as their impact on electricity demand and infrastructure for generation and distribution, and thereby on GHG emissions. They assumed an oil price of US$80/bbl, close to the short-term. more distant future.
236 Green Car Congress
JULY 6, 2018
The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels. Electrification is where OPEC may have to face off with a future oil buyers’ cartel. At the same time, it still imports crude and quite a lot of it, so it cares about oil prices as a large buyer.
170 
Green Car Congress
NOVEMBER 25, 2009
Projected output of the Clinton Project is a maximum 13,000 barrels of diesel per day (15,800 barrels of oil equivalent per day or 5.3 Syngas projects about a 10% ROI at US$60/barrel of crude, which higher returns at higher oil prices. The Project is located 120 km north west of Adelaide, in South Australia.
218 
Green Car Congress
AUGUST 25, 2016
The official chatter is that the OPEC meeting in Algeria from September 26 to 28 could conclude with an agreement to freeze production by the member nations, with even Russia joining forces in a freeze that may prevent further oil price erosion. But lets rewind a bit to the nature of the recent chatter.
150 
Green Car Congress
NOVEMBER 7, 2011
Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. Oil demand growth will have its limits in every country. Lindemer LLC.
210 
Green Car Congress
JULY 6, 2018
The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels. Electrification is where OPEC may have to face off with a future oil buyers’ cartel. At the same time, it still imports crude and quite a lot of it, so it cares about oil prices as a large buyer.
150 
Green Car Congress
DECEMBER 5, 2012
Biofuels grow at a slower rate due to lower crude oil prices and. The decline reflects increased domestic production of both petroleum and natural gas, increased use of biofuels, and lower demand resulting from the adoption of new vehicle fuel efficiency standards and rising energy prices. Biomass and biofuels growth is slower.
225 Green Car Congress
MAY 25, 2011
The Pacific Northwest has the diverse feedstocks, fuel-delivery infrastructure and political will needed to create a viable biofuels industry capable of reducing greenhouse gases and meeting the future fuel demands of the aviation industry, according to a newly-released study by Sustainable Aviation Fuels Northwest (SAFN). biofuels industry.
230 
Green Car Congress
AUGUST 13, 2015
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.
150 
Green Car Congress
SEPTEMBER 13, 2017
Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S. This glut could be exacerbated by future carbon taxes and other policy restrictions on fossil fuels, he said. Internationally, Saudi Arabia also faces conflicting priorities for its crude oil.
150 
Green Car Congress
JULY 14, 2009
In two other scenarios considered, a high oil price scenario (using EIA projections) and a battery swap operator-subsidzied scenario, EV new vehicle sales penetration reaches 85% and 86% respectively by 2030. candidate in economics with a specialization in international finance and environmental economics.
150 Green Car Congress
MARCH 2, 2015
Speaking on the eve of the Geneva International Motor Show, Prof. We develop technologies that point the way well into the future. ”. He went on to say that the car manufacturer is positioning itself at the forefront of automotive change with its forward-looking “Future Tracks” program. The Volkswagen Group invested €11.5
150 
Green Car Congress
OCTOBER 5, 2009
For example, while increasing demand for corn for ethanol contributed to higher corn prices, thereby providing economic incentive for some corn producers, they also increased feed costs for livestock producers. However, future movement toward cellulosic feedstocks could reduce some of these effects. Department or Agency-level) action.
170 
Green Car Congress
OCTOBER 22, 2015
The International Council on Clean Transportation (ICCT) has released its annual update on the fuel efficiency of US airlines. A stronger correlation between fuel efficiency and profitability was observed in 2014 than in 2013, despite a sharp fall in oil prices in the latter half of the year. Earlier post.)
150 
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
150 Green Car Congress
FEBRUARY 28, 2022
As a result of the resignations of bp’s nominated directors, bp has determined that it no longer meets the criteria set out under International Financial Reporting Standards (IFRS) for having “significant influence” over Rosneft. bp will continue to comply with all relevant international trade rules and sanctions.
186 Green Car Congress
MARCH 8, 2009
The paper results from the “The Role of Biomass in America’s Energy Future ( RBAEF )” project and is published in a special issue of the journal Biofuels, Bioproducts and Biorefining which presents a collection of papers with technology-oriented analysis resulting from the RBAEF project. Biomass refining technologies. Lynd et al.
170 Green Car Congress
MARCH 26, 2010
A new report by researchers at the International Food Policy Research Institute (IFPRI) has calculated that the use of up to 5.6% However, the size of the additional EU 2020 mandate, under current assumptions regarding the future evolution of renewable energy use in road transport, is sufficiently small (5.6%
210 Green Car Congress
MAY 22, 2013
As long as emissions standards and CO 2 targets can still be met with optimized internal combustion engines, there is thus no special incentive—marketing reasons aside—for OEMs to place more than the politically required minimum number of xEVs on the market (to comply with market access regulations, for example).
239 
Green Car Congress
JULY 6, 2017
The forecast, put together by the advanced transport team at BNEF, relies on likely future reductions in price for lithium-ion batteries and of prospects for the other cost components in EVs and internal combustion engine vehicles. BNEF suggested that only in Japan will PHEVs continue to play an important role after 2030.
170 Green Car Congress
NOVEMBER 10, 2009
Will be competitive at an oil price of $45 to $90 at their commercial date. These include: Next-generation internal combustion engine. Accenture divided the technologies into three groups: Evolutionary. Technologies that stretch today’s assets and resources. Significant gains are achievable, which are often overlooked.
262 Green Car Congress
JULY 2, 2013
In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution.
207
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