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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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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 Russia already has extensive and close ties with Iran and Venezuela, and is now laying the basis for such ties with Iraq.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Venezuela, an OPEC member, has even proposed an emergency summit meeting. This observer believes the two countries cannot long withstand the pain they have brought upon themselves—and this article only scratches the surface of the negative impact of low crude prices on their economies. Article Source: [link].

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US Lifted The Crude Oil Export Ban, And Exports Went Down

Green Car Congress

crude oil is Venezuela. In early February, Venezuela’s state-run oil company PDVSA imported a 550,000-barrel cargo of West Texas Intermediate (WTI) through its U.S.-based Venezuela started importing foreign crudes in 2014 amid a fall in its own production—buying mostly Angolan and Nigerian light grades.

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Increase in US rig count will not cap oil prices

Green Car Congress

The latest bearish outlook from Goldman is remarkable considering the June 13 monthly world crude oil markets report from the International Energy Agency (IEA). The IEA cautions the return of Canada’s oil sands to the market or the potential outbreak of peace and tranquility in Nigeria, Libya and Venezuela could change this outlook.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

To answer these questions, we collaborated with Envirostrat to investigate some of the most common questions and concerns about the environmental impact that increased EV uptake will have on NZ, and in particular, how they really compare to ICEVs (internal combustion engine vehicles). Here’s what we discovered. WHAT EV MYTHS HAVE WE COVERED?

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

To answer these questions, we collaborated with Envirostrat to investigate some of the most common questions and concerns about the environmental impact that increased EV uptake will have on NZ, and in particular, how they really compare to ICEVs (internal combustion engine vehicles). Here’s what we discovered. WHAT EV MYTHS HAVE WE COVERED?