Green Car Congress
DECEMBER 11, 2014
The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. The exceptions, the news agency reports, are Kuwait and Qatar. by Andy Tully of Oilprice.com. And that’s just one of several sour estimates.
Green Car Congress
APRIL 11, 2019
The study, based on data from 2010 to 2015, estimates that 64% of these new cases of asthma occur in urban areas. Findings from the study: An estimated 4 million children developed asthma each year from 2010 to 2015 due to exposure to NO 2 pollution, which primarily comes motor vehicle exhaust.
Green Car Congress
APRIL 10, 2015
The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. Nigeria is Africa''s largest oil producer and among the top 5 global exporters of LNG. Iran Nuclear Deal: A warning sign for OPEC? Nigeria’s dilemma.
Green Car Congress
SEPTEMBER 2, 2015
Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. percent of the 2015 budget and 85.89
Green Car Congress
AUGUST 25, 2015
CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output.
Green Car Congress
OCTOBER 6, 2015
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). percent of GDP in 2014.
Green Car Congress
AUGUST 13, 2015
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Financial Times quoted analysts as estimating the Saudi budget deficit in 2015 at $130 billion.
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