Green Car Congress

APRIL 24, 2015

Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels.

Saudi Arabia 150

Saudi Arabia Oil Prices Oil Price 150

Green Car Congress

JULY 12, 2021

By country, the US, India and Russia saw the largest declines in energy consumption. World oil production fell for the first time since 2009 by 6.6 Country wise, Russia (-1 million b/d), Libya (-920,000 b/d) and Saudi Arabia (-790,000 b/d). The oil price (Dated Brent) averaged $41.84/bbl million b/d). The US (-2.3

2020 397

2020 Oil Saudi Arabia Energy 397

Green Car Congress

DECEMBER 5, 2018

million barrels daily, including from Russia, to reverse the free fall of oil prices. A recent report from Capital Economics said Saudi Arabia has its problems but it could withstand lower oil prices without feeling too much of a pinch. Saudi Arabia cannot afford another slump in oil prices,” he warns. “It

Saudi Arabia 255

Saudi Arabia Russia Oil Prices Oil 255

CleanTechnica EVs

JUNE 24, 2022

Thanks to Covid-induced supply chain issues and Russia’s war with Ukraine, oil prices have jumped to over $100/barrel. That and the dearth of refining capacity (converting crude oil to gasoline/diesel) has pushed the price of gasoline and diesel to record highs.

Ukraine 97

Ukraine Parts Fuel Russia 97

Green Car Congress

SEPTEMBER 8, 2022

That price will be the highest inflation-adjusted monthly average price since 2008. EIA expects demand for natural gas to remain high despite high prices for the commodity. EIA expects that oil prices will remain somewhat the same for the rest of the year, although with continued price volatility.

Gas 150

Gas Price Global Gas-Electric 150

Green Car Congress

MAY 9, 2020

This collapse in demand combined with low oil prices, storage constraints and government ordered cuts are driving what is an extraordinary level of liquids production cuts and shut-ins around the world. Logistical factors are offtake demand, transport options, and oil storage availability.

Oil 170

Oil 2020 Global Oil Prices 170

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. From OPEC to Russia, everyone is at record production levels.

Saudi Arabia 150

Saudi Arabia Iran Algeria Oil Prices 150

Green Car Congress

JUNE 18, 2022

After seven consecutive quarters of hefty inventory draws, slowing demand growth and a rise in world oil supply through the end of the year should help world oil markets rebalance, IEA suggests. Higher oil prices and a weaker economic outlook continue to temper IEA’s oil demand growth expectations. mb/d to 101.6

Oil 210

Oil Global Libya Russia 210

Green Car Congress

FEBRUARY 3, 2017

The Oil War Is Only Just Getting Started. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity.

Oil 150

Oil Saudi Arabia Oil Prices Low Cost 150

Green Car Congress

FEBRUARY 28, 2022

Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region. bp has operated in Russia for over 30 years, working with brilliant Russian colleagues. bp will also exit its other businesses with Rosneft within Russia. However, this military action represents a fundamental change.

Russia 186

Russia Ukraine 2013 Oil 186

Green Car Congress

NOVEMBER 18, 2015

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

Saudi Arabia 150

Saudi Arabia Oil Europe Russia 150

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.

Oil Prices 170

Oil Prices Saudi Arabia Oil Price 170

Green Car Congress

JANUARY 6, 2022

Among sellers, signings were roughly evenly split between the United States, Russia, Qatar and portfolio suppliers (although many of the latter are likely to source volumes from US projects). However, by August both Asian and European spot LNG prices climbed well above their oil price equivalent and remained above it for the rest of the year.

Qatar 186

Qatar China United States Brazil 186

Green Car Congress

OCTOBER 25, 2015

Kicking the can means that production may not fall as fast as expected, which will mean oil prices may not begin to stage a rally as quickly as some had hoped. The ratings agency cut its forecasted oil price for 2016 to just $48 per barrel. Although capital spending has dropped substantially and the U.S.

Saudi Arabia 150

Saudi Arabia Oil Prices Oil Russia 150

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.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150

Green Car Congress

MARCH 13, 2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

Argentina 150

Argentina Oil Oil Prices Chevron 150

Green Car Congress

JULY 30, 2019

Asia Pacific’s oil dependence continues to grow, ranking first in terms of deficit. Global oil demand grew by 1.4%, slightly lower than in 2017 (+1.6%) in a context of increasing oil prices. The growth is slightly under the five-year average of 1.7% recorded in 2013-2017.

Saudi Arabia 170

Saudi Arabia Oil 2018 Global 170

Green Car Congress

NOVEMBER 20, 2016

Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. But while it produces at similar levels as Russia and the US, it is long been a vastly more influential player in the oil world.

Saudi Arabia 150

Saudi Arabia Oil Russia Oil Prices 150

Green Car Congress

APRIL 10, 2015

With announcement of a historic nuclear deal framework between Iran and six global powers: America, France, Britain, China, Russia and Germany on April2, 2015, there is a good possibility that Iranian crude oil exports will increase greatly after June 2015 when the final nuclear deal is signed. United we stand, divided we fall.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

Oil 150

Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

FEBRUARY 8, 2018

However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. The largest effects of removing subsidies were found in areas that export oil and gas, such as Russia, Latin America, and the Middle East and North Africa.

Emissions 186

Emissions Fuel CO2 Oil 186

Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

SEPTEMBER 2, 2015

If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. as the drop in oil prices over the last year has put a strain on the nation’s finances.". James Crandell, a Cowen & Co. percent to $38.1

Oil 150

Oil Saudi Arabia UAE 2015 150

Green Car Congress

DECEMBER 28, 2015

However, the collapse in global oil prices has eroded a significant portion of the natural gas cost advantage. Additional issues that could hinder growth prospects include ongoing political tensions in Eastern Europe that could affect supply and the prices of gas exports from Russia to Western Europe.

2015 150

2015 Gas Global North America 150

Green Car Congress

JUNE 13, 2012

The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. bbl, they were the second-highest in inflation adjusted terms, behind only 1864.

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

FEBRUARY 3, 2015

Oil companies are scratching their heads trying to figure out how to deal with a collapse in oil prices, now below $50 per barrel. Statoil, the semi-state-owned oil company from Norway, has been an offshore leader and Arctic pioneer. In Russia, Arctic dreams are also going to disappoint, although for different reasons.

Oil 150

Oil Alaska Oil Prices 2015 150

Green Car Congress

MAY 24, 2012

India’s emissions rose by 140 Mt, or 8.7%, moving it ahead of Russia to become the fourth largest emitter behind China, the United States, and the European Union. However, China’s carbon intensity—the amount of CO 2 emitted per unit of GDP—fell by 15% between 2005 and 2011. Gt, the IEA said.

2011 230

2011 Emissions Global CO2 230

Green Car Congress

NOVEMBER 13, 2013

High oil prices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy. However, this does not imply a new era of oil abundance, the report cautions.

Oil 275

Oil 2013 Energy Emissions 275

Green Car Congress

JULY 20, 2012

savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. tonnes per capita, despite a decline due to the recession in 2008-2009, high oil prices and an increased share of natural gas. tonnes per capita. the United States (16%).

2011 236

2011 Emissions CO2 Global 236

Green Car Congress

MAY 27, 2009

World oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030. In the IEO2009 reference case, world oil prices rise to $110 per barrel in 2015 (in real 2007 dollars) and $130 per barrel in 2030.

2006 150

2006 Emissions Energy Oil-Sands 150

Green Car Congress

NOVEMBER 12, 2012

The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. Despite the growth in low-carbon sources of energy, fossil fuels remain dominant in the global energy mix, supported. — WEO-2012.

Global 225

Global 2012 Energy Oil 225

Green Car Congress

JANUARY 19, 2011

World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. Click to enlarge. mmbpd by 2030 from 1.8

Energy 210

Energy Economy Global Oil-Sands 210

Green Car Congress

JUNE 26, 2009

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. Trends in the US, European Union, China, Russia and India. Source: PBL.

2008 170

2008 Oil Renewable Emissions 170

Green Car Congress

MARCH 14, 2011

Thus, high energy prices lead to high food prices, as transport and fertilizers become more expensive. High oil prices increase the appeal of biofuels, and a subsequent increasing demand for corn and grain leads to higher food prices and additional food scarcity.

Market 186

Market Netherlands Oil Price 186

Green Car Congress

JULY 4, 2009

The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. Other markets will have a different emphasis he suggested; flex-fuel engines in Brazil, for example, and CNG and LPG is countries with high gas resources, such as Russia. Currently, cars contribute. about 7% of global CO 2 emissions.

2013 150

2013 Companies Gas-Electric Recharge 150

Green Car Congress

SEPTEMBER 10, 2014

The potential for growth in demand for liquid fuels is focused on the emerging economies of China, India, and the Middle East, while liquid fuels demand in the United States, Europe, and other regions with well-established oil markets seems to have peaked. Rising world oil prices attract investment in areas previously considered uneconomic.

Asia 341

Asia Transportation Oil-Sands Oil Prices 341

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. percent in 2016. MMbbls/day.

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150