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US Shale Is Immune To An Oil Price Crash In 2017

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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. oil production,” the consultancy noted.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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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) and non-OPEC (-2.3

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Lux: nearly $7B in private investment in emerging oil & gas E&P technologies over last decade

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North American start-ups have attracted 76% of transactions (377) and 87% of investment dollars ($6 billion) since 2003 due to the booming heavy oil and tight oil/shale gas market. European companies have also raised significant funding, with $770 million from 107 transactions, Lux found.

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

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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.

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The New Oil Cartel Threatening OPEC

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What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. 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.

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The New Oil Cartel Threatening OPEC

Green Car Congress

What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. 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.

Oil 150
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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

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The projected change between now and 2040 will have implications beyond the car market. 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. Although some 1.3

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