Green Car Congress
JANUARY 28, 2016
PSA Peugeot Citroën, which has operated in Iran for more than 30 years, and Iran Khodro signed a joint venture agreement to produce latest-generation vehicles in Iran. The agreement provides for: The restoration of contractual relations concerning the manufacture of Peugeot-branded vehicles currently produced in Iran.
Green Car Congress
MAY 23, 2016
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. OPEC interactions have become a direct altercation between Saudi Arabia and Iran, with the remaining members reduced to mere observers. There will always be a need for additional production.
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). billion respectively).
Green Car Congress
SEPTEMBER 2, 2015
According to an August 26 Bloomberg article , the Saudi government is seeking ways to reduce investment in 2016 “.as The defense spending for 2011, 2012, and 2013 draws on the Stockholm International Peace Research Institute ( SIPRI ) Military Expenditure Database Constant U.S. percent increase) and 2016 (3.5 dollar spreadsheet.
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. Iran also continues to add production, albeit at a slower-than-expected rate. million barrels per day (mb/d) in April 2015. That has sparked a renewed sense of optimism among oil traders.
Green Car Congress
AUGUST 25, 2015
For Iran, the only other OPEC country for which the IEA provides domestic demand data, the increase in exports, 0.7 In both the United States and Russia, each of which produces roughly as much as Saudi Arabia, output increased in 2015 rather than decreasing, and will continue to increase in 2016 in the U.S. percent in 2016.
Green Car Congress
NOVEMBER 6, 2015
The International Energy Agency sees North American shale peaking towards the early part of the 2020s and declining thereafter, all but making it a blip on the radar when looking at oil production from a long-term standpoint. “It The ratings agency cut its forecasted oil price for 2016 to just $48 per barrel.
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