Green Car Congress
APRIL 24, 2015
Is this a relatively short term event like 2008, or a longer term slump like the one in the mid 1980’s? The US shale oil industry faces an implacable foe in the current crisis: Saudi Arabia. In the end, who will win the oil price battle, Saudi Arabia or US capitalism and shale producers?
Green Car Congress
JULY 11, 2016
million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. The bloc’s top producer, Saudi Arabia, increased its output further to produce an average 10.33 million b/d.
Green Car Congress
MARCH 28, 2012
The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration. Saudi Arabia.
Green Car Congress
APRIL 20, 2013
Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).
Green Car Congress
AUGUST 7, 2015
One other factor that could tighten oil markets over the long-term is the fact that Saudi Arabia has churned through much of its spare capacity. As one of the only countries that can ramp up latent oil capacity within just a few weeks, Saudi Arabia’s spare capacity is crucial to world oil market stability.
Green Car Congress
AUGUST 15, 2011
between 2008 and 2009 due to the global financial crisis, global oil consumption recovered by 3.1% has taken the top producing spot from Saudi Arabia in the last two years. After falling 1.5% in 2010 to reach an all-time high of 87.4 increase more than makes up for the brief decline in consumption caused by the economic crisis.
Green Car Congress
JUNE 20, 2011
Russia was the largest producer of crude oil in 2009, surpassing Saudi Arabia.). Repsol already owns a 3.47% stake in Alliance Oil resulting from the merger between Alliance Oil and West Siberian Resources in 2008. Repsol also owns a 74.9%
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