Green Car Congress

JULY 16, 2017

At present, the main issue being reported on is that there has been corrosion of the water injection system, which is used to keep pressure in the reservoir. The current reports are not really worrying, as corrosion control in a water injection system is only a technical challenge. billion, to sustain output at current levels.

Oil 186

Oil Libya Nigeria Qatar 186

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).

Russia 150

Russia Saudi Arabia Iran Iraq 150

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.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150