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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

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. Saudi Policy: OPEC-centric or Self-Serving?

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

Russia 150
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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

By 2017, the company says it will cease deepwater exploration and will sell off its offshore leases that it does not plan on developing. Maintaining access to finance can come at a price. Bond markets have essentially been ruled out as a new source of finance for high-yield producers. Conoco has the rights to 2.2

Oil 150
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. Key challenges for Russia are to finance a new generation of higher-cost oil and gas fields and to improve its energy efficiency. Biofuels supply triples to the equivalent of more than 4 mb/d, bolstered by $1.4

Oil 247