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 5, 2018
It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 In spite of reservations expressed by Nigeria and Libya, if Saudi Arabia managed to convince everyone to cut amid the major tensions with Iran ahead of the U.S. Production is also at record highs, like Russia’s was ahead of the first cuts in 2016.
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
Between 2012 and 2016, Maersk had been working on field development, slated to have cost $1.5 If Saudi Aramco or QP are already experiencing production threats, the situation in other production regions, such as Nigeria, Libya or Mexico, could be even more dire. billion, to sustain output at current levels.
Green Car Congress
JUNE 23, 2016
Besides massive futures trading, the other factors affecting WTI include the value of the US dollar (it rises and WTI falls), OPEC production, world oil demand, North American and US storage, Iranian crude embargoes, and periodic and unplanned supply disruptions from everywhere from Libya to Nigeria to Fort McMurray. million b/d in Q1 2016.
Green Car Congress
AUGUST 25, 2015
In both the United States and Russia, each of which produces roughly as much as Saudi Arabia, output increased in 2015 rather than decreasing, and will continue to increase in 2016 in the U.S. percent in 2016. As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense.
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).
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