Green Car Congress
MARCH 6, 2018
Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d by 2023 to 104.7
Green Car Congress
OCTOBER 26, 2017
The ‘Fragile Five’ petrostates—Iran, Iraq, Libya, Nigeria and Venezuela—continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the United States has decertified the 2015 Iran nuclear deal,” U.S.
Green Car Congress
MARCH 23, 2017
And according to Iraq, the agreed-upon cuts have been all about exports all along. Having a smaller footprint globally would, in turn, mean that OPEC would wield less influence over the price of oil. But Iraq is uniquely positioned. Data compiled by Bloomberg showed that Iraq’s February exports of 3.85
Green Car Congress
OCTOBER 6, 2015
per barrel prices in 2015 and 2016, oil export revenues will undershoot these pessimistic IMF projections, as crude prices are projected to stay below $60 through 2016 (EIA estimates for Brent are $54.07 in 2015 and 2016 respectively). in 2015 and 2016 respectively). Live by Energy…. billion respectively).
Green Car Congress
OCTOBER 25, 2015
In fact, Jeffries sees the spring of 2016 as a more critical deadline for struggling drillers hoping to keep their credit lines open. “We Moody’s Investors Service sees the contraction as too little to make a significant dent in the global supply gut. The ratings agency cut its forecasted oil price for 2016 to just $48 per barrel.
Green Car Congress
AUGUST 25, 2015
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. percent, during the same period; during the same period, OPEC output as a share of global output declined slightly, from 39.5 percent in 2016.
Green Car Congress
MARCH 24, 2016
American oil companies have gutted their budgets and have put off drilling plans, with many projecting absolute declines in 2016. Moreover, supply outages in places like Iraq and Nigeria have also knocked at least a quarter of a million barrels per day offline, an unexpected disruption that put upward pressure on prices in March.
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