Green Car Congress

DECEMBER 9, 2011

Rosneft, the leader of Russia’s petroleum industry and majority owned (75.6%) by the state, and PDVSA, Venezuela’s state-owned oil and gas company, have signed a tentative memorandum of understanding (MoU) to set up a joint venture to develop heavy crude oil reserves in Venezuela as part of the Carabobo-2 project.

Venezuela 170

Venezuela Oil Commercial 2015 170

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.

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

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. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. per barrel in first quarter of 2015).

Saudi Arabia 150

Saudi Arabia Price Oil India 150

Green Car Congress

JULY 11, 2016

million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. —Eklavya Gupte, senior editor for S&P Global Platts. million b/d, the lowest since February 2003, S&P Global Platts data showed.

Saudi Arabia 150

Saudi Arabia 2008 Iran Nigeria 150

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.

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

OCTOBER 20, 2015

Venezuela, an OPEC member, has even proposed an emergency summit meeting. 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. per barrel oil in 2015 and 2016 respectively, while the October projections are based $51.62

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

JULY 10, 2015

Unconventional oil production received a boost recently especially in North and South America with the significant increases in production from oil sands in Canada, tight oil and oil shale in the US, and growth projections of extra heavy oil in Venezuela. … —Nduagu & Gates. Experience I. Nduagu and Ian D. 5b01913.

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Oil-Sands Oil Energy Fuel 150

Green Car Congress

DECEMBER 20, 2009

In the end, 188 countries voted in favor of the motion, with Cuba, Bolivia, Sudan, and Venezuela voting against it. Weech secured consensus before mid-morning by calling a vote to “take note” of the accord, rather than approve it. The accord will not become an official United Nations document unless unanimous approval is secured.

Climate 236

Climate Climate Change Tuvalu Obama 236

Green Car Congress

MARCH 30, 2016

The data suggests that on average we are exporting (waterborne) 325,000 barrels per day now, compared to 342,000 barrels per day during the first months of 2015. Dutch media outlets reported in January that a tanker from Houston had reached Rotterdam port, but this remains just a drop in the global export bucket.

Oil 150

Oil Venezuela France Asia 150

Green Car Congress

NOVEMBER 13, 2011

The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. While there is still time to act, the window of opportunity is closing. —WEO 2011.

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Oil Transportation Cheap Fleet 247

Green Car Congress

JUNE 23, 2016

The argument emerged that having contributed to the collapse of world oil prices, US LTO was the new global swing producer, replacing OPEC leader Saudi Arabia in that role. Reports say the US exited 2015 with 4,290 DUC wells waiting for completion which, in most cases, costs more than drilling. Every forecast must carry these caveats.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

JULY 28, 2018

China’s central bank has also taken the opportunity to loosen its grip over the yuan, which will save it from having to blow huge sums of reserves to keep the currency fixed, as it did during the summer of 2015. The oil supply outages in Venezuela, Libya and Iran could yet drive oil prices much higher. Of course, the U.S.

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Oil Prices Oil Price South Africa 170