Remove Cheap Remove Gas Remove Nigeria Remove United States
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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. Its drive to increase overall gas production will also be based on a two-fold approach.

Oil 186
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Nigeria or Algeria cannot do the same for their oil industry. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Europe lags behind China and the United States because its single market remains less integrated.

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