for Leslie Hayward | @leslietron - The Fuse
Cornelia Meyer, longtime OPEC watcher and CEO of MRL corporation, speaks to The Fuse following the 169th OPEC meeting in Vienna. Meyer addresses OPEC's continued significance even without production targets, the implications for prices, and what to know about the pending Saudi Aramco IPO.
In his first comments to press ahead of the June 2016 OPEC meeting, Saudi Energy Minister Khalid Al-Falih commented on Saudi Arabia's strategy for the oil market. Falih stated that Saudi Arabia also considers the interests of the global economy and non-OPEC producers, that the market is already rebalanced, and expressed concern over the global underinvestment risk.
Upon his arrival in Vienna for the June 2016 OPEC meeting, Iranian Oil Minister Bijan Zangeneh said that the main purpose of this meeting is to appoint a new Secretary General, said that $70 per barrel is his preferred price for oil, said that a combined output cap would not benefit Iran, and said that OPEC had played no role in rebalancing the oil market.
Angolan Petroleum Minister José Maria Botelho de Vasconcelos says that $60 per barrel is a "good" price for oil, and that he will be supporting Nigerian's Mohammed Barkindo as the group's next Secretary General.
Bob McNally of the Rapidan Group addresses rumors ahead of the OPEC meeting, the future of Saudi oil strategy, oil at $50 per barrel, and a renewed era of oil price volatility.
Joe McMonigle of Hedgeye Potomac discusses the changes taking place at OPEC, including the new Secretary General, return of Gabon, and potential for policy changes under Saudi leadership in 2017.
Tony Posawatz, longtime EV advocate and industry veteran, discusses why autonomous electric vehicles are the future, and what policymakers can do to expedite their adoption.
Tod Hynes, the CEO of XL Hybrids, explains why the company is making hybrid trucks easy and affordable for large truck fleets, and the company's success in developing an advanced hybrid powertrain that is now leading in certain classes of delivery trucks.
As a veteran who served in the War in Iraq, Joseph Kopser, the President of moovel group, has seen what happens when energy policy and national security priorities are not aligned. moovel group is creating a suite of solutions to modernize transit access and create seamless transportation access around the country.
Of all those who stand to benefit from driverless cars, few have more to gain than those with disabilities. Henry Claypool, a longtime advocate for those with restricted mobility, discusses how requiring a licensed driver to operate an autonomous vehicle will prevent the disabled from benefiting from this technology, and what policymakers can do to help.
As self-driving vehicle technology continues to advance, technology advocates and regulators square off on how to enable broader adoption of these vehicles, while managing safety concerns.
Is the Hyperloop a transportation revolution waiting to happen, or a pipe dream? As two startups break ground on demonstration facilities, we speak with experts to determine if the Hyperloop is more than a hype machine.
What are the impacts of low oil prices on fuel economy standards, oil price volatility, and the future of American energy? The Fuse speaks with Michael Levi, Senior Fellow for energy and the environment at the Council on Foreign Relations at IHS CERAWeek in Houston, Texas.
What risks do companies trying to enter Iran's oil sector face, and how can the international community respond to financial flows to ISIS? The Fuse speaks with Elizabeth Rosenberg of the Center for a New American Security during IHS CERAWeek in Houston, Texas on issues regarding energy and geopolitics.
Peter Kuhn of AGS explains how his company's technology combines valves and algorithms to transform oil and gas production at the wellhead, reducing wastewater and gas flaring while improving company returns.
Produced water has always been a significant challenge for the oil industry, and it's getting worse as companies push into more challenging oil fields. The Fuse speaks with Jim Matheson, President and CEO of Oasys Water, about the problem of industrial wastewater, and new innovative solutions.
Jeremy Martin is Director of the Energy Program at the Institute of the Americas, and an expert on Latin American energy issues. He spoke with The Fuse at IHS CERAWeek about how low oil prices are changing the oil production landscape in Mexico, Argentina, and Brazil.
Is the oil industry in the midst of just another downcycle, or facing fundamental shifts? The Fuse speaks to Neil Atkinson, head of the Oil Industry Markets Division with the International Energy Association, about the Medium Term Oil Market Report, the Russia/OPEC production freeze, and more.
Workers in Houston's oil industry were lured by high wages and good jobs. Now, they are wondering if they want to return to the oil industry when conditions improve.
The European Parliament wants to introduce new laws to crack down on automobile manufacturers. The regulations are in response to the discovery that Volkswagen sold 11 million cars with emissions cheating software. Some in the EU do not think the proposed laws go far enough.
The port at Cromarty Firth in Scotland's North Sea is seeing the effects of falling crude oil prices firsthand, with the largest number of mothballed rigs sitting idled in years. Some of the rigs are operating with small "skeleton crews," waiting for production orders, while others are empty and its unclear if they can be reactivated when prices rise.
Every year and at nearly every car show, automakers unveil new amazing new technology that is supposed to revolutionize driving. Automobile crashes cost the American economy nearly $875 billion each year, and with low gas prices, it's expected Americans will be driving more miles. At the Washington auto show, policy makers and experts discussed how new technology, especially fully automated cars, will continue to move the industry forward.
There are fewer cars in Berlin today than ten years ago, even as the city's population has increased by over 500,000 people. More car sharing and expanded public transport are just two ways that the city is reducing traffic and vehicle ownership. Self-driving vehicles may be the next stage of this shift.
At the Washington Auto Show, automakers are promoting hydrogen fuel cell vehicles as the future. But simultaneously, Toyota has temporarily halted the sales of its new Mirai fuel cell vehicle in California, because of lack of fueling infrastructure.
Despite the continued oversupply in oil markets, and the risk of snapback sanctions, European energy companies are still expressing high interest in returning to Iran's oil and gas reserves.
Venezuela gives away roughly one quarter of its oil export revenues, in the form of discounted oil to its regional allies like Cuba. Although Venezuelan officials have promised repeatedly that the country would never end the PetroCaribe program, changing political conditions and low oil prices are shifting the calculus, with sweeping implications for the region.
Consumers have lost confidence in what was supposed to be a groundbreaking automotive technology: Clean diesel promised a highly fuel-efficient vehicle with low levels of pollution. Now that the VW's cheating on emissions tests have been revealed, angry customers are turning to electric vehicles to meet their needs.
Oil price volatility is way up, attracting attention from technical and quantitative traders. But what's the impact on oil prices?
Nigeria depends on oil exports for more than 60 percent of state revenue and more than 90 percent of export earnings. But with petroleum trading around $40 a barrel, plummeting oil prices have crippled public finances.
Cornelia Meyer speaks with The Fuse about OPEC's 168th meeting, the oil market outlook for 2016, and the underinvestment risk as a result of today's low prices.
Yasser Elguindi of Medley Global Advisors discusses the outlook for OPEC and oil markets, with comments on how global oil inventories will continue to build, the potential for heightened geopolitical risk, and how structural demand increases have been built into the market.
Neil Atkinson of Lloyd's List Intelligence explains oil market uncertainties surrounding U.S. production, Iran's return to the oil market, Indonesia's return to OPEC, and the potential for a return to the individual country quota system.
Jamie Webster discusses the 2016 oil price outlook, the global underinvestment risk, and why nothing has changed about Saudi Arabia's strategy in spite of the rumors.
Minister Zangeneh comments on Iran's desire to see a long-term strategy for OPEC, and the country's production outlook for 2016.
When asked if Iraq would participate in a production cut, Minister Adil Abdul Mahdi stated, "we will meet and see."
In Caracas, Venezuelans are unable to purchase food, antibiotics, or other basic supplies, as the collapse in oil prices has bankrupted the country's economy. Experts argue that even the decision to end domestic fuel subsidies could play a significant role in alleviating the country's dismal fiscal outlook.
In an exclusive interview, Brad Templeton of Singularity University discusses the many ways that an autonomous vehicles will transform our lives, and the ways we consume energy.
This year, Americans have driven more miles and consumed more gasoline than any time since 2007, according to U.S. government data. While the economic recovery is helping to boost demand, low oil prices are encouraging motorists to drive more, and purchase less fuel efficient vehicles.
Increasing volumes of crude oil shipments are passing through Canada, but communities adjacent to railroad tracks are concerned about the safety of that transport, especially following the tragic 2013 disaster in Lac Megantic, Quebec. We take a look at how regulators and industry are responding.
Bob Gates and T. Boone Pickens discuss the oil market implications of Russia establishing itself in the Middle East.
In an effort to combat congestion and smog, Los Angeles is sponsoring an electric vehicle carsharing program for low income areas, hoping to take over 1,000 cars off the road.
As the Volkswagen scandal has taken the shine off of Clean Diesel, we take a look at how the big three German automakers are employing different strategies to create the car of the future. More than ever, companies are finding that next-era mobility will come from vehicles that are electric, autonomous, and networked into the sharing economy.
Admiral Dennis Blair, Former Director of National Intelligence and Commander in Chief, U.S. Pacific Command, discusses how his military career led him to the conclusion that ending oil dependence was a critical goal for improving national security.
With the fall in prices of crude oil, workers are being laid off—especially in the shale patch. It's a short term strategy which may have a long term costs for the industry. The Fuse spoke with Bently Johnson, a Texas oil worker who recently lost his job and is not optimistic about the future of the oil industry.
Uganda has delayed construction of a major oil production facility until 2020, citing low prices as the reason for the delay. The East African nation wants to build refineries and pipelines for crude oil exports, but Ugandan officials say more time is needed to negotiate key infrastructure projects.
Introducing The FuseCast: Royal Caribbean President and COO Adam Goldstein on Oil and the Cruise Industry
We explore how Royal Caribbean acquires fuel, efficiency measures for the cruise industry, ship hydrodynamics, and how tiny air bubbles are having a meaningful impact on fuel consumption.
In Colorado's Front Range, a battle is heating up between local opponents of fracking, and industry and local government who assert that drillers have the right to operate.
Live From Brussels: Russia, Ukraine, and the European Union Seek to Settle Differences on Gas Supplies
Winter is coming, and with it, the threat of another Russian shutoff of gas supplies to Ukraine.
With some 25 percent of Russia's economy supported by oil and gas revenues, the fall in energy prices has had dismal impacts on the country's economic outlook. For every $1 drop in oil prices, Russia's economy is estimated to lose $1 billion in revenue, meaning the country has lost an estimated $50 billion in budget revenue over the past year.
Despite Canada's abundance of energy resources, the future of its energy strategy is unclear.
To avoid the up-front costs of installing electric vehicle charging stations, while adding convenience for drivers, FreeWire and Siemens are pioneering portable charging stations that bring EV charging right to the customer.
Gazprom has announced the estimated cost of the Turkish Stream Pipeline, which could provide Russian gas to Europe without passing through Ukraine. Kristine Berzina, energy expert at the German Marshall Fund, discusses the implications.
Autonomous vehicles have captured our imaginations for decades. Although everything from space rovers to farm combines are already autonomous, the public highway is the final frontier for driverless machines. Now, auto manufacturers and tech companies are betting big on the future of autonomous cars, and competing to make them a reality.
SAFE announced the winners of its 2015 Energy Security Prize at an event in Charleston, S.C., awarding a total of $175,000 to three companies whose innovations are poised to advance American energy security by helping to end the United States’ dependence on oil.
As more and more automakers offer hydrogen fuel cell vehicles, Feature Story News takes a look at what's driving initial adoption in the Bay Area.
Diesel has been the de-facto fuel of the trucking industry for decades, but more and more companies are finding that switching to natural gas can pay dividends in a short period of time.
Marco Giuli, Energy expert at the European Policy Center in Brussels, discusses how an exit of Greece from the Eurozone could influence commodity markets and oil prices.
The pipeline would provide Russian gas directly to Turkey via a route through the Black Sea, cutting out Ukraine.
VIDEO EXCLUSIVE: Emboldened by the recent success of a protest, Seattle-based environmental activists took to kayaks in an effort to delay the deployment of Shell's Polar Pioneer Arctic drilling rig.
Cornelia Meyer, CEO of MRL Corporation, tells us what OPEC's decision means and why it could ultimately lead to sky-high prices in the near future.
Olly Barrat reports from inside OPEC headquarters.
Olly Barratt sums up what we've learned at day two of the OPEC International Seminar in Vienna, including the news of Indonesia's intention to rejoin OPEC as a full member.
Yasser Elguindi, Macro Oil Strategist at Medley Global Advisors, speaks with us about the winners and losers of the battle for market share, and risks to alternative transportation systems from low oil prices.
Nobuo Tanaka, former Executive Director of the International Energy Agency, speaks to us about the inevitability of oil price volatility, disruptive transportation technologies, and parallels between OPEC and the fallen Habsburg Empire.
Olly Barrat speaks with OPEC Secretary General Abdalla S. El-Badri, UAE Oil Minister Suhail Mohamed Al Mazrouei, and Secretary General of the International Energy Forum, Dr. Aldo Flores-Quiroga
Following bullish statements about the power and resilience of U.S. shale oil production, Ryan Lance, CEO of ConocoPhillips, answers questions about the U.S. crude oil export ban, breakeven prices for shale producers, financing availability, and innovation in the oil patch.
In this video, Smil discusses the award, public misconceptions of OPEC’s market power, and the oil price volatility.
In an exclusive, Indonesia's Oil Minister announces the country's plans to rejoin OPEC as a full member
Ollie Barrett sums up the most interesting remarks and what we've learned from our first day here at the OPEC International Seminar
What you missed from the Global Energy Outlooks session from the OPEC International Seminar.
Neil Atkinson is Head of Analysis at Lloyd's List Intelligence. In our interview, he breaks down his projections for the oil market balance through the remainder of the year, and the likelihood of downside price risks.
Olly Barratt speaks with Abdul Hussain bin Ali Mirza, Bahrain's Energy Minister, about his views on the near-term oil market balance.
Maria van der Hoeven, Executive Director of the International Energy Agency, speaks with Ollie Barrett about Saudi Arabia's solar ambitions and the supply/demand balance of the global oil market.
The Fuse Live from Vienna: Bob McNally on OPEC’s Internal Tensions, Black Swans, and a Thirsty World
In an interview from the 6th OPEC Summit, Bob McNally shares his views on what’s next for oil prices, U.S. shale producers, and global demand.
Jamie Webster shares his views on why oil analysts flock to Vienna for every OPEC meeting, even when a change in the group's production quota is rarely expected.
Robert Wescott, President of Keybridge Research, presents an economic theory of cartel behavior to better understand how market share has determined OPEC's historic influence over global oil prices.
John Hannah, former national security advisor to former Vice President Dick Cheney, articulates the national security challenges of oil dependence.