Sentences with phrase «drive global oil prices»

By 2022, BNEF estimates electric vehicles will cost the same as their internal combustion counterparts, and if growth continues at the current pace, oil displacement by electric cars will reach 2 million barrels per day by 2023 — the size of the current oil glut and enough to drive global oil prices to record lows.

Not exact matches

«This will be the most expensive driving season since 2014,» said Tom Kloza, global head of energy analysis for Oil Price Information Service.

The paper's authors apply a simple model of the world oil market to reach their conclusions, which are driven by the potential for the pipeline to increase global oil supply, thus lowering oil prices and increasing consumption.

2015.04.30 RBC Investor & Treasury Services Quarterly Survey: Global equities drive pension returns in Q1 During a quarter that featured falling oil prices, a Bank of Canada rate cut and uneven global economic data, Canadian pension plans generated positive returns for the seventh consecutive quarGlobal equities drive pension returns in Q1 During a quarter that featured falling oil prices, a Bank of Canada rate cut and uneven global economic data, Canadian pension plans generated positive returns for the seventh consecutive quarglobal economic data, Canadian pension plans generated positive returns for the seventh consecutive quarter...

That trend towards higher inflation expectations continued into U.S. inflation expectations, indicating that the ECB QE announcement, and coincident with tentative signs of stabilization of oil prices, may mark the low point of deflationary fears driving global interest rates to new lows.

There are fears that doing so would harm the global economy and drive up oil prices.

Also speaking, Governor Abdullahi Ganduje said his administration entered into the partnership with Lagos with a strong belief that it would create a veritable platform to drive home grown investments in the face of volatile global oil prices.

A positive supply shock that drives down the price of oil provides a significant boost to global growth, though we think there will also be winners and losers.

«This will be the most expensive driving season since 2014,» said Tom Kloza, global head of energy analysis for Oil Price Information Service.

In addition, global tension will always drive the price of oil higher.

The forecast for stronger output comes as global oil prices topped $ 65 a barrel on Tuesday, the strongest since June 2015, driven by continued supply curbs from OPEC and an outage on a key North Sea pipeline.

This is disappointing news: here at Treehugger, we've repeatedly driven the point home that the president has almost no control over the price of gas in the short - term — a cocktail of global demand, oil speculation, and political instability in volatile regions determines the price of gas more than anything else.

In 2014, the Organization of the Petroleum Exporting Countries (OPEC) began flooding the global marketplace with oil, driving the price of a barrel of crude oil from $ 107.5 in June 2014 down to $ 45 in January 2015.

The global economic slowdown, which has driven down the price of oil and negatively impacted the Canadian energy sector, is expected to have a ripple effect on the demand for office space in Calgary, resulting in flat to negative growth in the near future.