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. Iraq’s Issues.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

JULY 28, 2015

In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. per barrel in first quarter of 2015).

Saudi Arabia 150

Saudi Arabia Price Oil India 150

Green Car Congress

NOVEMBER 13, 2011

Under the central New Policies Scenario, automotive sales in non-OECD markets exceed those in the OECD by 2020, with the center of gravity of car manufacturing shifting to non-OECD countries before 2015. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. trillion in subsidies over the projection period.

Oil 247

Oil Transportation Cheap Fleet 247