Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Market” forces include many components. billion vs. $1.6

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Green Car Congress

JUNE 27, 2012

The findings by Leonardo Maugeri, a former senior executive vice president of the oil company Eni, and now a fellow in the Geopolitics of Energy Project in the Kennedy School’s Belfer Center for Science and International Affairs, are based on an original field-by-field analysis of the world’s major oil formations and exploration projects.

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Green Car Congress

MARCH 24, 2016

million barrels per day (mb/d) in April 2015. Iran also continues to add production, albeit at a slower-than-expected rate. The physical market could change as well with oil prices as high as they are—shale drilling could comeback with oil prices at $40 per barrel and above. It isn’t just a speculator’s game, however.

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Green Car Congress

NOVEMBER 6, 2015

The International Energy Agency sees North American shale peaking towards the early part of the 2020s and declining thereafter, all but making it a blip on the radar when looking at oil production from a long-term standpoint. It may just delay the adjustment for oil markets. “It That will keep the pressure on US shale.

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Green Car Congress

DECEMBER 10, 2014

Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040. A group of 10 Key Growth countries is expected to represent an increasingly significant share of the global energy market due to their rising populations and living standards.

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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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Green Car Congress

SEPTEMBER 18, 2015

EIA said that US production will fall by 1 million barrels per day over the next year and that, “expected crude oil production declines from May 2015 through mid-2016 are largely attributable to unattractive economic returns.”. IEA data shows that the current second-quarter 2015 production surplus of 2.6 percent in August 2015.

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