Green Car Congress

AUGUST 31, 2016

The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The rash of deals exemplify the latest trend as the oil markets slowly move towards balance and oil prices continue to languish below $50 per barrel.

Oil Prices 170

Oil Prices Oil Fort Worth Texas 170

Green Car Congress

OCTOBER 25, 2015

That amounts to just 2 percent of available credit lines, much lower than the 15 percent reduction expected by analysts. Kicking the can means that production may not fall as fast as expected, which will mean oil prices may not begin to stage a rally as quickly as some had hoped. rig count has declined by more than half, U.S.

Saudi Arabia 150

Saudi Arabia Oil Prices Oil Russia 150

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.

Saudi Arabia 150

Saudi Arabia Oil Europe Russia 150

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

Oil 150

Oil Oil-Sands Saudi Arabia Oil Prices 150