Acquired Electronics360

Commentary

Alternate Powertrains Could See a Boom from Rising Oil Prices

12 February 2015

Abdulla al-Badri, Secretary-General of Organization of Petroleum Exporting Countries (OPEC) has predicted that oil prices will surge towards USD200 per barrel, but without defining a specific time. After five years of stability, oil prices started declining steadily from June last year when they were recorded at around USD110 a barrel.

Considering the current oil prices at around USD45-USD55 per barrel as the “market’s bottom”, al-Badri feels that the situation will discourage further investments in new oil production as oil companies are cutting back on capital budgets. It can lead to a cut in oil supply and consequently cause drastic price increases.

Read More

Questions or comments on this story? Contact dylan.mcgrath@ihs.com

Related links:

IHS Automotive & Transportation

News articles:

Toyota Begins Silicon Carbide Chip Trial

Banner Year for Automotive Chips

Infineon Goes Top of Automotive Chip Market Ranking

The Year Wi-Fi and Hybrid Technologies come to LEDs

Why UMC is Boosting Automotive Chip Business



Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement

CALENDAR OF EVENTS

Date Event Location
30 Nov-01 Dec 2017 Helsinki, Finland
23-27 Apr 2018 Oklahoma City, Oklahoma
18-22 Jun 2018 Honolulu, Hawaii
Find Free Electronics Datasheets
Advertisement