Green Car Congress
MARCH 23, 2017
And according to Iraq, the agreed-upon cuts have been all about exports all along. But Iraq is uniquely positioned. First, Iraq must contend with the Kurds, as well as international companies, with which it has production agreements that come with penalties for breeching. million barrels per day.
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
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.
Green Car Congress
AUGUST 25, 2015
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. As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense.
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. “If
Green Car Congress
JULY 16, 2017
Between 2012 and 2016, Maersk had been working on field development, slated to have cost $1.5 With increased demand for crude oil and petroleum products still shown in all international assessments, the market will need to react. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary.
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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