Green Car Congress

SEPTEMBER 2, 2015

oil analyst cited in this article, who has tracked oil companies’ budgets for many years, estimates that Aramco and its Kuwaiti and UAE counterparts will increase their investment in oil exploration and production in 2015 by 4.5 as the drop in oil prices over the last year has put a strain on the nation’s finances.". percent to $38.1

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Green Car Congress

NOVEMBER 6, 2015

That is a feature that is hard to overemphasize in today’s oil pricing environment. Maintaining access to finance can come at a price. Bond markets have essentially been ruled out as a new source of finance for high-yield producers. Moody’s sees global oil production rising by 1 million barrels per day in both 2015 and 2016.

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Green Car Congress

AUGUST 13, 2015

In December 2014, the Saudi government approved spending $229 billion in 2015, resulting in an estimated deficit of $39 billion, or some 5 percent of GDP. As mid-year 2015 approached, the IMF estimated the budget deficit would equal approximately 20 percent of Saudi GDP. percent in 2015, and then just 2.7 percent in 2014 to 3.3

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