Green Car Congress

APRIL 10, 2015

The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. Cheap oil has created a huge financial crisis for Venezuela as its economy is heavily dependent on oil exports and oil revenues constitute about 95% of its total foreign exchange earnings. Nigeria’s dilemma.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

AUGUST 25, 2015

CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output.

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. 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 billion respectively).

Russia 150

Russia Saudi Arabia Iran Iraq 150