Green Car Congress

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 most near-term supply risk comes from Iraq. bank Citi said.

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Oil Prices Oil Libya Iraq 170

Green Car Congress

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

Green Car Congress

MAY 18, 2017

shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S.

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Oil Prices Oil 2017 Price 170

Green Car Congress

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

Green Car Congress

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. Meanwhile, the global demand recovery is showing clear signs of plateauing and Chinese crude buying has begun to soften.

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Saudi Arabia Oil Oil Prices Price 186

Green Car Congress

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. by Nick Cunningham of Oilprice.com.

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Oil Saudi Arabia Supplies Oil Prices 150

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

JUNE 18, 2022

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 Non-OPEC+ is set to lead world supply growth through next year, adding 1.9 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 mb/d and 1.9

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Oil Global Libya Russia 210

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

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

Green Car Congress

MAY 9, 2020

IHS Markit now expects much as 17 MMb/d total liquids output (which includes nearly 14 MMb/d of crude oil production) to be cut or shut-in during the period between April and June 2020. The Great Shut-In, a rapid and brutal adjustment of global oil supply to a lower level of demand is underway. There is no fixed equation.

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Oil 2020 Global Oil Prices 170

Green Car Congress

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

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. by Nick Cunningham of Oilprice.com.

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Oil Supplies Market Oil Prices 150

Green Car Congress

JULY 30, 2019

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. In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. recorded in 2013-2017.

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Saudi Arabia Oil 2018 Global 170

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

NOVEMBER 15, 2014

In its latest annual World Energy Outlook , the International Energy Agency (IEA) warned that the current period of oil abundance may be fleeting, and in fact, without heroic levels of production increases, oil markets will grow dangerously tight in the coming years. China and India. And that should raise some alarm.

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Oil Iraq Oil-Sands Supplies 257

Green Car Congress

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

NOVEMBER 30, 2011

The Panasonic Group will supply the lithium-ion batteries for Toyota Motor Corporation’s Prius Plug-in Hybrid. This will be the first time for the Panasonic Group to supply its lithium-ion batteries for a mass production plug-in hybrid vehicle. Earlier post.) Li-ion cell for Prius PHV. Click to enlarge.

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Li-ion Nickel Metal Hydride Prius Plug-in 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

Green Car Congress

JANUARY 23, 2019

That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. 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.

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Oil Oil Prices 2019 Price 236

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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Global Market Fuel Brazil 231

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

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Oil Prices Oil Oil-Sands Price 150

Green Car Congress

JUNE 13, 2012

Oil remains the world’s leading fuel, but its 33.1% Global energy consumption grew by 2.5% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% globally, and 8.4% Source: BP.

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Coal Oil Renewable Saudi Arabia 261

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

DECEMBER 28, 2015

In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% However, the collapse in global oil prices has eroded a significant portion of the natural gas cost advantage. million vehicles in 2015 to 3.9 million in 2025.

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2015 Gas Global North America 150

Green Car Congress

SEPTEMBER 25, 2011

UK-based market analyst visiongain projects that global spending in 2011 on advanced oil & gas exploration technologies will total $10.17 visiongain’s Advanced Oil & Gas Exploration Technologies Market 2011-2021 report analyses the development of this market over the next ten years.

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2011 Oil Gas Global 199

Green Car Congress

DECEMBER 8, 2020

The Rockies saw the smallest slide (5.6%) but that is substantial enough to impact supply and demand balances as winter approaches. The data speaks to a major problem for the petroleum industry and oil prices as it recovers from unprecedented demand declines for most of 2020. Northeastern gasoline sales dropped 10.1%

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Gasoline 2020 Wyoming New Jersey 321

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

JANUARY 6, 2022

The United States was the largest source of LNG supply growth in 2021, adding 25 million metric tons (MMt) amid continued buildup of liquefaction capacity as well as the ramping up of output from plants turned down the previous year. Meanwhile, mainland China has already become the top global importer of LNG. MMt set in 2014.

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Qatar China United States Brazil 186

Green Car Congress

JULY 21, 2015

As we look to break ground on our refinery in the coming months, we’re thrilled to have signed a contract with FedEx as they look to diversify their fuel supply and reduce emissions throughout their aviation unit.

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Renewable Supplies Fuel Oil Prices 150

Green Car Congress

JULY 20, 2012

Global emissions of CO 2 increased by 3% last year, according to the annual report “Trends in global CO 2 emissions”, released by the EC Joint Research Centre (JRC) and the Netherlands Environmental Assessment Agency (PBL). At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%.

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2011 Emissions CO2 Global 236

Green Car Congress

SEPTEMBER 13, 2020

Mine supply continued to edge higher in 2019, albeit by a relatively slow 0.7%—an This slow growth in mine supply, combined with the drop in demand, was sufficient to flip the molybdenum market from a deficit in 2018 into a surplus in 2019. Consequently, molybdenum prices came under downward pressure. decline in 2019.

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2020 2019 2018 Oil 186

Green Car Congress

APRIL 3, 2022

The research project thus has the potential to allow for more efficient and economical transport of hydrogen, which can in turn contribute to the expansion of global hydrogen supply chains. This collaboration comes at a timely moment, on the back of rising oil prices.

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Singapore Hydrogen Corporation Japan 150

Green Car Congress

NOVEMBER 12, 2012

The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades.

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Global 2012 Energy Oil 225

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. British accountancy firm Moore Stephenson stated that lower prices were the main cause.

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Oil Industry Industrial Financing 231

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

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