Green Car Congress
JULY 16, 2017
The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. The Saudi situation is not different from its neighbors.
Green Car Congress
FEBRUARY 25, 2016
For Nigeria, Libya and Iraq, the breakeven point is the point at which they can fund the fight against Boko Haram, a civil war and the Islamic State, respectively. And that’s with per barrel production costs of around $31/$32 in Nigeria, $23/$24 in Libya, and $10/$11 in Iraq. Article Source: [link]. Right now, they can’t.
Green Car Congress
DECEMBER 23, 2016
Wood Mackenzie suggests that $55 per barrel is a sweet spot for the oil and gas industry to rebound, a level that is only slightly above today’s prices. On top of that, disrupted output from Libya and Nigeria—two countries not subjected to the OPEC cuts—could begin to come back. Link to original article: [link].
Green Car Congress
OCTOBER 6, 2015
Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.
Green Car Congress
MARCH 24, 2016
Moreover, supply outages in places like Iraq and Nigeria have also knocked at least a quarter of a million barrels per day offline, an unexpected disruption that put upward pressure on prices in March. Article Source: [link]. That has sparked a renewed sense of optimism among oil traders. That is not good news for oil prices.
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.
Drive Electric
AUGUST 9, 2022
Throughout this article, we’ll refer to ICEVs and EVs; here’s a quick breakdown explaining the difference between the two. In fact, our high levels of renewable energy mean the benefits from reducing EV emissions are greater than in most other countries and in some cases would produce 80% fewer greenhouse gas emissions.
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