Green Car Congress
OCTOBER 26, 2017
The ‘Fragile Five’ petrostates—Iran, Iraq, Libya, Nigeria and Venezuela—continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the United States has decertified the 2015 Iran nuclear deal,” U.S.
Green Car Congress
DECEMBER 23, 2016
The IEA says that in the third quarter of 2016, the US shale industry became cash flow neutral for the first time ever. By 2016, oil companies large and small had shed a lot of that extra fat, running leaner than at any point in the last few years. Libya hopes to add another 300,000 bpd in output in 2017 after adding as much in 2016.
Green Car Congress
JULY 16, 2017
The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. Amin Nasser’s aim is to go beyond global oil markets.
Green Car Congress
AUGUST 25, 2015
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. percent, during the same period; during the same period, OPEC output as a share of global output declined slightly, from 39.5 percent in 2016.
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). billion respectively). The emergence of the U.S.,
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. He was also optimistic WTI could exit 2016 at $70 because of the rapid rebalancing of global crude supply and demand. million b/d in Q1 2016.
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