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The 5 Countries That Could Push Oil Prices Up

Green Car Congress

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

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"Transmission Losses:" Nigeria's oil pipeline sabotaged

Plugs and Cars

Shell has shut three flow stations after its oil pipeline in the Niger Delta was sabotaged. Recent attacks have resulted in $1bn a month in lost revenue. Source: bbc.com ]

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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

Green Car Congress

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 Nigerian production hit 30-year lows in May as militancy continued in the country’s oil rich Niger Delta. The situation remains volatile.

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Debunking the "Electric Cars are evil due to Cobalt" argument!

Plug In India

This is due to the fact cobalt is used to extract sulfur during the refining of crude oil. 5] Atrocities of the OIL industry EV FUD creators cry about Lithium or Cobalt battery manufacturing and conveniently don't talk about the terrible practices by the oil industry. Good luck recycling that Cobalt into anything. [4]

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"Transmission Losses:" West African pirates

Plugs and Cars

West Africa's burgeoning oil industry has a pirate problem. Most were related to the oil industry. The US Africa Command, inaugurated in 2008, will undoubtedly play a major role to enable safe passage of this increasingly vital oil. oil imports. Tags: Big Oil. Source: UPI.com ].

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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. percent in intraday trading on Monday, after a report at the end of last week showed another solid build in the US rig count, the tenth consecutive week that the oil industry added rigs back into the field.