Green Car Congress

DECEMBER 10, 2015

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. And that is going to severely hurt an all but invisible group; strippers in the United States.

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Green Car Congress

APRIL 20, 2022

As outlined in EIA’s Summer Fuels Outlook , a supplement to the April 2022 Short-Term Energy Outlook , the agency expects the ongoing effects of the COVID-19 pandemic will have a smaller effect on gasoline and diesel consumption in the United States during the 2022 summer season compared with the past two summers.

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Green Car Congress

AUGUST 15, 2018

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. by Tsvetana Paraskova for Oilprice.com.

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Green Car Congress

JANUARY 21, 2015

US oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. Source: [link].

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Oil Prices Oil Price Mexico 150

Green Car Congress

JANUARY 24, 2017

If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Baker III and Susan G.

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Green Car Congress

MARCH 10, 2021

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 In May, US crude oil production reached its lowest average monthly volume for the year at 10.0 Crude oil production in Texas averaged 4.87 million b/d.

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Green Car Congress

MAY 11, 2022

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). in the United States this summer (June–August) compared with the summer of 2021. —EIA Administrator Joe DeCarolis. and by 1.5%

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Green Car Congress

JUNE 16, 2021

In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI).

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Green Car Congress

JUNE 2, 2022

The reason is that, in the United States, oil is used to generate less than 1% of electricity. Therefore, the recent jump in oil prices (because of the war in Ukraine), should have only a relatively small indirect effect on the cost of electricity.

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Green Car Congress

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. per million British thermal units in January 2023. —EIA Administrator Joe DeCarolis.

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Green Car Congress

SEPTEMBER 21, 2015

That’s just the United States. And markets won’t wait to adjust pricing until we hit a balance. There will be some foreshadowing in oil prices here. Each of the 3 stages needed to move to a sustainable price have to be given time to play out. Taxes don't go away and then there's debt.

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Oil Prices Oil Oil-Sands Price 150

Green Car Congress

JANUARY 6, 2022

The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Outside of the United States, utilization rates suffered.

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Green Car Congress

OCTOBER 7, 2021

The fast-growing economies in Asia could combine to become the largest importer of natural gas and crude oil by 2050, given their significant increase in energy consumption. Projections for the United States in IEO2021 are consistent with those released in the Annual Energy Outlook 2021. —Stephen Nalley.

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Green Car Congress

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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Green Car Congress

MAY 24, 2022

On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On 16 May, the average retail diesel price was $6.43/gal

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Diesel Price California Philadelphia 259

Green Car Congress

NOVEMBER 7, 2014

And while oil prices slumped in October, drilling activity continues to rise, according to Baker Hughes , the third-largest oil services company. RBC Capital Markets estimates that 20,061 horizontal wells will be drilled in the United States alone this year, with that number increasing by well over 1,000 in 2015.

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Oil Oil Prices Texas United States 261

Green Car Congress

AUGUST 6, 2015

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. Also, the ban on oil exports kept oil stuck within US borders.

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Oil Prices Oil United States North America 150

Green Car Congress

OCTOBER 2, 2019

The low levels in discoveries come as a result of a pullback during the past 10 years in the wildcat drilling that targets conventional oil and gas plays—most drastically after oil prices collapsed in 2014. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

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Green Car Congress

APRIL 27, 2017

Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. As production in other regions fell throughout most of 2015 and 2016, the Permian provided a growing share of US crude oil production.

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Green Car Congress

AUGUST 27, 2013

If China’s use of petroleum continues to grow as projected, it is expected to replace the United States as the world’s largest net oil importer this fall. Petroleum use in North America, which is dominated by consumption in the United States, has declined since 2005. North America.

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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.

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Green Car Congress

JULY 18, 2020

The Mobility Dynamic Index Forecast Module identifies the changes in travel mobility caused by the evolution of the COVID-19 pandemic and government orders, and it projects the changes in travel mobility indices relative to the pre-COVID-19 period in the United State.

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Green Car Congress

MAY 13, 2015

The resulting crash in oil prices is forcing some production out of the market, and Saudi Arabia intends for the brunt of that to be borne by others. There is a lag between movements in the oil price and corresponding changes in production. But the effects of the oil price crash are now being felt.

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Green Car Congress

AUGUST 24, 2018

Although favorable geology combined with technological and operational improvements have contributed to the Permian region becoming one of the more economically favorable regions for crude oil production in the United States, recent pipeline capacity constraints have dampened wellhead prices for the region’s oil producers.

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Green Car Congress

APRIL 7, 2021

The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 gal last summer.

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Green Car Congress

NOVEMBER 4, 2019

in 2018, driven in large part by the People’s Republic of China, India and the United States, which were responsible for 70% of demand growth. In the United States, primary demand increased for the first time since 2014. In the United States, primary intensity worsened for the first time in more than 25 years.

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Green Car Congress

JANUARY 19, 2022

The International Council on Clean Transportation (ICCT) has released a report prepared by the consultancy Cerulogy that explores the potential market and environmental impacts of increased capacity for renewable diesel produced by hydrotreating oils and fats in the US.

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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. The United States has been a net importer of energy since the 1950s.

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2020 Energy Transportation Oil Prices 150

Green Car Congress

JANUARY 11, 2023

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production.

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Oil Prices Oil Global Price 210

Green Car Congress

FEBRUARY 23, 2017

Similar to how ethanol is currently blended into motor gasoline in the United States, methanol is blended into gasoline in China. Smaller amounts of China’s methanol supply are imported from the Middle East, Southeast Asia, South America, and the United States. Most of China’s methanol supply is from domestic production.

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Green Car Congress

JULY 26, 2013

The price disparity between crude oil and other resources, coupled with the emergence of cheap and abundant shale gas, especially in the United States, is opening up opportunities to produce cheaper gasoline, according to a new report from Lux Research.

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Green Car Congress

JULY 25, 2013

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. The largest components of future non-petroleum liquid fuels production are biofuels in Brazil and the United States, at 0.7

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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.

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Green Car Congress

MARCH 3, 2017

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. per barrel.

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Green Car Congress

SEPTEMBER 20, 2011

In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes. World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period.

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Green Car Congress

NOVEMBER 15, 2014

The IEA predicts that the world will need to extract an additional 14 million barrels of oil per day (bpd) by 2040, which comes on top of today’s production levels of about 90 million bpd. Under that assumption, oil prices would rise only a modest amount over that timeframe. million bpd by 2035.

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Green Car Congress

DECEMBER 4, 2016

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.

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