Green Car Congress

AUGUST 12, 2015

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have kept their production levels high since last year in order to drive other players (especially US shale drillers) out of business.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

JANUARY 13, 2012

First production is expected at the end of 2016. In delivering this important project into production we will be securing vital long-term energy supply to Japan.Ichthys production volumes represent more than 10% of Japan’s LNG imports at current. In addition to its LNG production, the Ichthys project is expected to generate 1.6

Australia 210

Australia United Arab Emirates Yemen Angola 210

Green Car Congress

AUGUST 13, 2015

He argued that rapidly growing production outside OPEC made the existing status quo unviable, and that lower prices in the short term would increase prices in the longer term through reduced investment and ultimately benefit all OPEC members. The Financial Times quoted analysts as estimating the Saudi budget deficit in 2015 at $130 billion.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150