Green Car Congress

JULY 28, 2015

In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. per barrel in first quarter of 2015).

Saudi Arabia 150

Saudi Arabia Price Oil India 150

Green Car Congress

APRIL 10, 2015

Simply put, the world has too much oil at the moment which has resulted in the reduction of price levels from approximately $100 to $50 a barrel, and OPEC (as well as US shale producers) has a major role to play in this supply glut. Iraq’s Issues. After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 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. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Click to enlarge. Electric vehicles.

Oil 247

Oil Transportation Cheap Fleet 247