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 increase) and 2016 (3.5 Reaching both 12.5

Oil 150

Oil Saudi Arabia UAE 2015 150

Green Car Congress

OCTOBER 6, 2015

per barrel prices in 2015 and 2016, oil export revenues will undershoot these pessimistic IMF projections, as crude prices are projected to stay below $60 through 2016 (EIA estimates for Brent are $54.07 in 2015 and 2016 respectively). in 2015 and 2016 respectively). by Dalan McEndree for Oilprice.com.

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

AUGUST 13, 2015

percent in 2016. Furthermore, several national oil companies, Venezuela’s among them, are building refineries with local partners in Asia, which will use their crude. million), and its allies, UAE (2.87), Kuwait (2.8), and Qatar (.67), Even with massive deficit spending, the IMF estimated GDP growth would slow from 3.6

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150