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Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. sanctions on Iranian oil. Iran, OPEC’s third-largest producer, is trying to convince its oil customers to continue buying Iranian oil despite stringent U.S. sanctions kick in.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. will be below 800,000 bpd, while exports to Asia will be around 3.5

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What Does The Next OPEC Meeting Have In Store?

Green Car Congress

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. Link to original article: [link].

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An OPEC Deal Extension Isn’t As Simple As It Sounds

Green Car Congress

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. Having a smaller footprint globally would, in turn, mean that OPEC would wield less influence over the price of oil.

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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Related: Should Europe Be Concerned About Russia’s Growing Energy Relationship with Asia? ). Source: [link].

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Aftermarket arm of Lumax Auto Tech partners with Bluechem Group for car care products – ET Auto

Baua Electric

” Product range: The product range includes Engine Clean, Oil Treatment, Diesel System Clean, Petrol System Clean, Nano Engine Protect, DPF Clean, Cetane Boost, Ceramic Chain Wax, Glass Cleaner, Plastic and Rubber Refresher Interior, Speed Wax, Textile and Leather Cleaner, Wash and Wax Shampoo and Vehicle Wash Shampoo, the release said.

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Shell Recharge massively expands with Volta acquisition

Teslarati

Nonetheless, Volta’s network is dwarfed by the Shell Recharge network, which, through the backing of the oil giant, has quickly expanded to 54,000 “charge points” in North America across countless locations. What do you think of the article? Do you have any comments, questions, or concerns?