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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

oil analyst cited in this article, who has tracked oil companies’ budgets for many years, estimates that Aramco and its Kuwaiti and UAE counterparts will increase their investment in oil exploration and production in 2015 by 4.5 as the drop in oil prices over the last year has put a strain on the nation’s finances.". billion).

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Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Another source with access to the financing said that it is indeed happening and that specific plans are being negotiated. Enovate was formerly known as Zhejiang Dianka Automobile, which was founded in 2015 and produces mini electric vehicles (EVs). Enovate has closed eight financing rounds totaling more than RMB 11.5

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Both, it would seem, have incentive to do so, as each has lost over $100 billion in crude revenues in 2015—and Russia bears the extra burden of U.S. In the course of 2015, both have raised output and exports over 2014 levels—Saudi Arabia by ~500 and 550~ mbbls/day respectively and Russia by ~100 and ~150. and $65.65

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Oil Majors’ Costs Have Risen 66% Since 2011

Green Car Congress

Dubbed the “Supermajors’ Cost Index,” Apex concludes that the supermajors spent 66 percent more on development costs in 2015 than they did in 2011, despite the widely-touted “efficiency gains” implemented during the worst of the market slump. Exxon, for example, only replaced 67 percent of the oil it produced in 2015.

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Baker Institute expert suggests assumptions about oil’s influence on politics in the Middle East should be reversed

Green Car Congress

Assumptions about oil’s influence on politics in the Middle East should be reversed, according to a new article from an expert at Rice University’s Baker Institute for Public Policy. Instead of oil buttressing autocracy, the article argues that autocracy among oil exporters buttresses oil by encouraging consumption. —Jim Krane.

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Day Of Reckoning For US Shale Will Have To Wait

Green Car Congress

Maintaining access to finance can come at a price. Bond markets have essentially been ruled out as a new source of finance for high-yield producers. Moody’s sees global oil production rising by 1 million barrels per day in both 2015 and 2016. Article Source: [link]. You can follow him on twitter at @nickcunningham1.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 in 2015 and 2016 respectively). in 2015 and 2016 respectively). Article Source: [link].

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