2015 Cheap Future Oil Prices 
Green Car Congress
APRIL 10, 2015
With the decline of average annual crude prices, OPEC earned around $730 billion in net oil export revenues in 2014 (Source: EIA), a big decline of 11% from its previous year. The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. Nigeria’s dilemma.
Green Car Congress
SEPTEMBER 13, 2017
This glut could be exacerbated by future carbon taxes and other policy restrictions on fossil fuels, he said. As recently as 2015, Saudi energy officials dismissed suggestions that the kingdom would seek to raise its crude oil production capacity above its theoretical maximum of 12.5 million barrels per day (m b/d).
Green Car Congress
MARCH 2, 2015
We develop technologies that point the way well into the future. ”. According to Winterkorn, the company now employs 46,000 researchers and developers as well as more than 10,000 IT experts, all of whom are working on the mobility of the future such as alternative drive concepts or the digitalization of vehicles and factories.
Green Car Congress
JULY 28, 2015
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.
Green Car Congress
NOVEMBER 13, 2011
Although the recovery in the world economy since 2009 has been uneven, and future economic prospects remain uncertain, global primary energy demand rebounded by a remarkable 5% in 2010, pushing CO 2 emissions to a new high. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply.
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