Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

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Green Car Congress

NOVEMBER 18, 2015

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

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Green Car Congress

FEBRUARY 3, 2017

The Oil War Is Only Just Getting Started. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Link to original article: [link].

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Green Car Congress

SEPTEMBER 2, 2015

If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. as the drop in oil prices over the last year has put a strain on the nation’s finances.".

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Green Car Congress

NOVEMBER 20, 2016

Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. But while it produces at similar levels as Russia and the US, it is long been a vastly more influential player in the oil world. The oil world’s biggest secret could soon be publicly released.

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The Truth About Cars

AUGUST 8, 2023

With average fuel prices creeping back up, you’ve undoubtedly seen a slew of articles trying to explain why. & Over the past week, countless media outlets published stories about how oil refineries have had to scale back production targets to contend with exceedingly high temperatures. Russia is also exporting less, he said.

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