Global, Oil Prices and Transportation

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

MAY 22, 2019

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

Oil Prices

Oil Prices Gasoline-Electric Gasoline Oil

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Green Car Congress

SEPTEMBER 10, 2014

World markets for petroleum and other liquid fuels have entered a period of dynamic change in both supply and demand, the EIA noted, leading to its reassessment of its outlook for long-term global liquid fuels markets in IEO2014. per year, as the mature economies react to sustained high fuel prices.

Asia

Asia Transportation Oil-Sands Oil Prices

Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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

Global

Global Market 2012 Financing

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

Green Car Congress

JULY 25, 2013

Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013.

2010

2010 Transportation Fuel Energy

MITEI releases report on Electrification of the Transportation System

Green Car Congress

JANUARY 13, 2011

The MIT Energy Initiative (MITEI) has released a report on the proceedings—and papers that informed those proceedings—of the 8 April 2010 symposium on The Electrification of the Transportation System: Issues and Opportunities. Currently, petroleum almost exclusively fuels the United States (US) transportation system.

Transportation

Transportation MIT Oil Prices Oil

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. Based on this, our assessment is that the electrification of transport will only slow down oil demand growth during the 2020s. Why an oil price spike would be bad for the industry. Since (non-U.S.

Oil Prices

Oil Prices Oil Industry Industrial

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

AUGUST 31, 2011

Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. of all global fuel for road transportation—an increase from 2% in 2009, according to the report. Source: Worldwatch Institute.

2010

2010 Brazil Global Argentina

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

AUGUST 30, 2009

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

Transportation

Transportation Fuel Renewable Gasoline-Electric

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

JANUARY 1, 2011

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. The DB auto team counts at least 130 models in the global pipeline for 2012.

Transportation

Transportation Gasoline Lithium Ion Gasoline-Electric

EIA projects increases in global energy consumption and emissions through 2050

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.

Global

Global Emissions Energy Asia

Navigant Research forecasts 58% growth in global biofuels consumption by 2022; biodiesel and drop-in fuels gain market share

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

Global

Global Market Fuel Brazil

Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

OCTOBER 13, 2011

Pike forecasts that the global market for biofuels will increase from $82.7 between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Pike projects that the Americas will account for 71% of global biofuels production. Demand for diesel in ground transportation markets will reach at least 427 BGPY.

Global

Global Market Financing Oil Prices

IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

Green Car Congress

MAY 24, 2012

Global CO 2 emissions from fossil-fuel combustion reached a record high of 31.6 Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). gigatonnes (Gt) in 2011, according to preliminary estimates from the International Energy Agency (IEA). This represents an increase of 1.0

2011

2011 Emissions Global CO2

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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%.

2011

2011 Emissions CO2 Global

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

NOVEMBER 13, 2011

The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. The passenger vehicle fleet doubles to almost 1.7 billion in 2035. —WEO 2011.

Oil

Oil Transportation Cheap Energy

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

Green Car Congress

JANUARY 19, 2011

Over the same period, energy intensity, a key measure of energy use per unit of economic output, is set to improve globally led by rapid efficiency gains in the same non-OECD economies, under these projections. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990. The net growth of 16.5

Energy

Energy Economy Global Oil-Sands

Opinion: Consumers winning with low oil prices, for now

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.”. Bernard Weinstein, Ph.D., However, the decline continues to hammer drillers and producers hardest.

Oil Prices

Oil Prices Oil Price Dallas

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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.

Global

Global 2012 Energy Oil

API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

Green Car Congress

MAY 18, 2018

The growth suggested strong road freight transportation activity, API said. Strong global demand raised international oil prices by more than domestic ones. Domestic WTI crude oil prices averaged $66.25 Meanwhile, international Brent crude oil prices continued to increase by more—8.5

2007

2007 Oil Prices Oil Production

Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

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. The world is nearing a paradigm shift in oil demand. Lindemer LLC.

Oil

Oil 2010 2020 Global

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

Green Car Congress

AUGUST 29, 2016

million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. The Asian Development Bank (ADB) has approved a $240.3-million

Kazakhstan

Kazakhstan Connected Connect Transportation

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Green Car Congress

JANUARY 23, 2011

For example, at peak oil price in 2008, Indonesia was spending 40% of its budget on transport fuel—more than health, education and infrastructure development combined. And yet 1 per cent of global GDP is what we are spending on fossil-fuel subsidies.

Fuel

Fuel Global 2008 International

Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

Green Car Congress

JUNE 26, 2009

Global CO 2 emissions from fuel use and cement production by region. In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions.

2008

2008 Oil Renewable Emissions

Analysis Finds That First-Generation Biofuel Use of Up to 5.6% in EU Road Transport Fuels Delivers Net GHG Emissions Benefits After Factoring in Indirect Land Use Change

Green Car Congress

MARCH 26, 2010

of first-generation, land-using biofuels in EU road transport fuels delivers a net greenhouse gas reduction benefit (13 Mt CO 2 savings in a 20-year horizon) even after factoring in indirect land use change (ILUC) effects. Renewable energy options for road transport included first- and second-generation biofuels and electricity.

Transportation

Transportation Emissions Fuel 2020

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

NOVEMBER 13, 2013

However, the report advises, long-term solutions to global challenges remain scarce; as one example, the report sees global CO 2 emissions rising by 20% to 37.2 The shift in global energy demand to Asia gathers speed, but India and countries in Southeast Asia will take the lead in driving consumption higher. Gt by 2035.

Oil

Oil 2013 Energy Emissions

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Green Car Congress

NOVEMBER 10, 2009

Accenture has identified 12 technologies that it concludes have the potential to disrupt the current views of transport fuels supply, demand and GHG emissions over the next 10 years. by 2014) and also examines different global markets. Will be competitive at an oil price of $45 to $90 at their commercial date.

Transportation

Transportation Supplies Emissions Fuel

IHS Markit: global oil production now expected to be cut by as much as 17 MMb/d in Q2 2020; the Great Shut-In

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. But there is nowhere to hide.

Oil

Oil 2020 Global Oil Prices

2020 Thanksgiving week gasoline consumption in US lowest since 1997

Green Car Congress

DECEMBER 8, 2020

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. A persistent rebound in global oil markets requires profitability in transportation products. and 1.1%, respectively. But that won’t happen until demand recovers.

Gasoline

Gasoline 2020 Wyoming New Jersey

Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

Green Car Congress

SEPTEMBER 28, 2011

Broad findings of the DOE-QTR include: DOE should give greater emphasis to the transport sector relative to the stationary sector. Among the transport strategies, DOE will devote its greatest effort to electrification of the vehicle fleet, a sweet spot for pre-competitive DOE R&D. DOE has particular capabilities in these areas.

Transportation

Transportation Fuel Economy Light Fuel

Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

Green Car Congress

APRIL 12, 2012

Transport GHG emissions in the “No New Policies” case (NNP) and the “Lowest” case (L). EU climate policy aims to limit the global mean temperature increase from anthropogenic climate change to below 2 °C. Baseline” scenario continues past trends; “Challenging” scenario assumes rapid transportation demand and emissions growth; and.

Transportation

Transportation Europe Climate Change Emissions

IEA: global energy efficiency progress drops to slowest rate since start of decade

Green Car Congress

NOVEMBER 4, 2019

Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% Global primary energy demand rose by 2.3% of total transport final demand.

Global

Global Energy 2018 Coal

Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

Green Car Congress

MARCH 14, 2019

By 2030, annual PEV sales are estimated to be between 15% and 32% of the global light duty vehicle market, producing a global PEV population between 107 million and 190 million.

Alternative Fuels

Alternative Fuels Future Plug-in Fuel

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020

2020 Energy Transportation Oil Prices

Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

Green Car Congress

JULY 5, 2016

According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%. Medium- and heavy-trucks represent 4.3% of vehicles in the US, drive 9.3%

Global

Global Sale North America Oil Prices

Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

Green Car Congress

JUNE 27, 2012

Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests.

Oil

Oil Oil-Sands Price Production

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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. The report was released on the opening day of KPMG’s global “Business Perspective on Sustainable Growth: Preparing for Rio+20” summit occurring this week in New York.

Climate Change

Climate Change Water Climate Global

Perspective: Ending Oils Monopolya Blueprint for Mobility Choice

Green Car Congress

DECEMBER 16, 2009

Perspective by Deron Lovaas, Federal Transportation Policy Director, Natural Resources Defense Council. Oil is a strategic commodity second to none—it underlies the global economy and even the American way of life. This means our economic stability is at stake because of our reliance on oil. Source: EIA.

Oil

Oil Transportation Congress Fuel Economy

Ricardo and Kevin J Lindemer LLC to assess the timing and impact of Peak Oil Demand

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. He has direct industry experience with CHS and Irving Oil.

Oil

Oil Oil Prices Climate Change Supplies

Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

Green Car Congress

APRIL 10, 2009

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil

Oil Standards Price Oil Prices

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

FEBRUARY 3, 2015

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 We see SUV market share (as% of passenger vehicle sales) to increase from 26% in 2014 to 28% in 2015 as consumers look to this segment to address evolving transportation needs. North America continues to be an impetus to global light vehicle demand levels.

2015

2015 Light Global Market

BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

Green Car Congress

FEBRUARY 25, 2016

The research estimates that the growth of EVs will mean they represent a quarter of the cars on the road by that date, displacing 13 million barrels per day of crude oil but using 1,900 TWh of electricity. This would be equivalent to nearly 8% of global electricity demand in 2015.

Cost Of

Cost Of Sale Global Vehicles

US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

Green Car Congress

MAY 27, 2009

The current global economic downturn will dampen world energy demand in the near term, as manufacturing and consumer demand for goods and services slows. World oil prices have fallen sharply from their July 2008 high mark. The EIA notes that experience demonstrates that world oil prices can be extremely volatile.

2006

2006 Emissions Energy Oil-Sands

Petrobras says it is expanding oil and gas production in the pre-salt in “economically viable” manner

Green Car Congress

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.” On Tuesday, 6 January, the price for WTI crude closed at $47.93/bbl,

Oil

Oil Oil Prices Gas Production

FCA, IVECO and Snam sign MoU for development of natural gas as an environmentally friendly vehicle fuel

Green Car Congress

OCTOBER 6, 2016

The MoU was signed in the presence of Italy’s Minister of Economic Development Carlo Calenda and Minister of Infrastructure and Transport Graziano Delrio, and is part of a wider set of initiatives to promote sustainable mobility. As of today, the natural gas road transport sector already has an annual turnover of €1.7 billion (US$1.9

Gas

Gas Fuel Italy Vehicles

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Pike Research forecasts global biofuels market to double by 2012 to $185.3B

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

MITEI releases report on Electrification of the Transportation System

The Next Oil Price Spike May Cripple The Industry

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

EIA projects increases in global energy consumption and emissions through 2050

Navigant Research forecasts 58% growth in global biofuels consumption by 2022; biodiesel and drop-in fuels gain market share

Pike Research forecasts global biofuels market value to double to $185B by 2021

IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

Opinion: Consumers winning with low oil prices, for now

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

Analysis Finds That First-Generation Biofuel Use of Up to 5.6% in EU Road Transport Fuels Delivers Net GHG Emissions Benefits After Factoring in Indirect Land Use Change

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

IHS Markit: global oil production now expected to be cut by as much as 17 MMb/d in Q2 2020; the Great Shut-In

2020 Thanksgiving week gasoline consumption in US lowest since 1997

Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

IEA: global energy efficiency progress drops to slowest rate since start of decade

Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Perspective: Ending Oils Monopolya Blueprint for Mobility Choice

Ricardo and Kevin J Lindemer LLC to assess the timing and impact of Peak Oil Demand

Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

Petrobras says it is expanding oil and gas production in the pre-salt in “economically viable” manner

FCA, IVECO and Snam sign MoU for development of natural gas as an environmentally friendly vehicle fuel

Stay Connected