Green Car Congress

MARCH 10, 2021

US crude oil production averaged 11.3 The 2020 decrease in production was the largest annual decline in the EIA’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8

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Green Car Congress

MAY 11, 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 US coal production will total 598 million short tons in 2022, which is a 3% increase from 2021.

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Oil Price Production Oil Prices 344

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JULY 8, 2021

As outlined in its current Short-Term Energy Outlook , the US Energy Information Administration (EIA) estimates that global consumption of petroleum and liquid fuels averaged 92.3 EIA expects that global liquid fuels consumption will grow by 5.3 In the EIA forecast, global consumption of liquid fuels rises by an additional 3.7

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2019 Global Fuel Gasoline-Electric 243

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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.

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Global Emissions Energy Asia 259

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MAY 18, 2017

Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement. oil production,” the consultancy noted.

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Oil Prices Oil 2017 Price 170

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JULY 21, 2021

Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51

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Oil 2020 Oil Prices 2015 418

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. That leaves the period until the end of the 2020s, during which we believe overall oil demand will continue to grow (albeit slower than before). Why an oil price spike would be bad for the industry. Since (non-U.S.

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Oil Prices Oil Industry Industrial 170

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MAY 9, 2020

The second quarter of 2020 will see the largest volume of liquids production cuts, including shut-in production, in the history of the oil industry, according to IHS Markit. The Great Shut-In, a rapid and brutal adjustment of global oil supply to a lower level of demand is underway. But there is nowhere to hide.

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Oil 2020 Global Oil Prices 170

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OCTOBER 26, 2017

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. The rebound in Nigerian production is not assured. mb/d currently.

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Oil Prices Oil Libya Iraq 170

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JULY 30, 2019

In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5

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Saudi Arabia Oil 2018 Global 170

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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. by Nick Cunningham of Oilprice.com.

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Oil Prices Oil Price North Dakota 150

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NOVEMBER 4, 2021

Previous models have treated oil producers’ carbon footprint as if all barrels of oil are exactly the same, but with novel extraction technologies there is a great deal of variability in the global oil supply. It’s complex, and it’s not linear. Our model takes that into consideration. —Mohammad Masnadi.

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Oil Carbon Global Market 305

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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

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. Total global investment in oil and gas exploration grew rapidly over the last 15 years.

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Oil Prices Oil Price Iraq 150

Green Car Congress

MARCH 11, 2015

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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Oil Prices Oil Price South Africa 150

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AUGUST 7, 2020

Emerging from the worst of the COVID-19 outbreak, oil markets are now at a delicate pivot point as they transition to phase II of the IHS Markit Three Phases of Oil Markets Recovery. OPEC+ and the United States are bringing back over 4 MMb/d of production in July and August.

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Saudi Arabia Oil Oil Prices Price 186

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JUNE 18, 2022

Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene supplies. mb/d this year, eroding its spare capacity cushion.

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Oil Global Libya Russia 210

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DECEMBER 11, 2014

Add to that a new report from the US government’s Energy Information Administration (EIA), which also cut its 2015 forecast for growth in global oil demand by 240,000 barrels per day, down to 880,000 barrels per day. In fact this year’s price plunge hasn’t hurt just the weaker OPEC members. Market Background Oil'

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Oil Prices Oil 2015 Price 199

Green Car Congress

DECEMBER 15, 2016

Global Bioenergies is now entering the final phase of demonstrating its technology for converting renewable carbon into hydrocarbons. The first trials on the demo plant in Leuna were successfully completed, within schedule, in the fall of 2016 and Global Bioenergies announced first production of green isobutene via fermentation.

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Global Green Production Convert 150

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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. Domestic WTI crude oil prices averaged $66.25

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2007 Oil Prices Oil Production 259

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DECEMBER 30, 2015

The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.

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Oil Prices Oil Price Climate Change 150

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SEPTEMBER 8, 2022

The US Energy Information Administration (EIA) expects higher-than-average natural gas prices globally as demand remains high this winter in the United States, Europe, and Asia, and inventories remain low. EIA continues to forecast a decrease in average US natural gas prices in 2023, as production increases.

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Gas Price Global Gas-Electric 150

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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.

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Oil Global 2003 2007 276

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MARCH 13, 2015

Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oil prices throughout the economy.”. decline curves eventually catch up with fewer rigs, oil supplies should start to fall.

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Oil Prices Oil Price Dallas 150

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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. It all represents the strongest headwinds for shale producers since the oil price collapse in 2015. —Raoul LeBlanc.

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Oil Price Oil Prices Production 170

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AUGUST 7, 2015

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. told the WSJ. “

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Oil Saudi Arabia Supplies Oil Prices 150

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JULY 12, 2021

The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. World oil production fell for the first time since 2009 by 6.6 Production only increased in a few countries, mainly Norway (260,000 b/d) and Brazil (150,000 b/d). million b/d).

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2020 Oil Saudi Arabia Energy 397

Green Car Congress

SEPTEMBER 21, 2015

On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). That is a staggeringly enormous number, approximately 10 percent of the estimated global over-supply. But overall, rising global demand and shrinking U.S

Oil Prices 150

Oil Prices Oil Oil-Sands Price 150

Green Car Congress

MAY 24, 2022

Prices of distillate fuels change with the price of crude oil and with developments specific to distillate product markets. In 2022, both low global distillate fuel inventories and high crude oil prices have been contributing to higher global distillate prices.

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Diesel Price California Philadelphia 259

Green Car Congress

FEBRUARY 17, 2012

Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 At least 38 national governments have enacted blending mandates or targets to accelerate the expansion of biofuels production and consumption in the transportation sector. billion in 2011 to $185.3

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Global Market 2012 Financing 253

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JANUARY 23, 2019

Some level of DUCs is normal, but the ballooning number of uncompleted wells has repeatedly fueled speculation that a sudden rush of new supply might come if companies shift those wells into production. The latest crash in oil prices once again raises this prospect. production levels. DUCs may keep U.S.

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Oil Oil Prices 2019 Price 236

Green Car Congress

DECEMBER 21, 2015

In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., These include the dive in oil prices that began in mid-2014, as well as the phasing out of some local government purchase incentives. million in 2024.

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Light Sale Global Oil Prices 150

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JANUARY 7, 2015

Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.”

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Oil Oil Prices Gas Production 150

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OCTOBER 12, 2012

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA).

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Oil Oil-Sands Global Oil Prices 255

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.

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Saudi Arabia Oil Production Climate 150

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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

FEBRUARY 5, 2014

In a new report, “ Biofuels for Transportation Market s”, Navigant Research forecasts that global demand for biofuels in the road transportation sector will grow from representing almost 6% of the liquid fuels market in 2013 to roughly 8% by 2022. Navigant projects the global biodiesel market will grow from 6.9

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