Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. by Dalan McEndree for Oilprice.com. and $65.65

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Russia Saudi Arabia Oil Market 150

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

MARCH 8, 2012

Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. To help meet that demand, ExxonMobil is anticipating an investment profile of approximately $37 billion per year through the year 2016.

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Saudi Arabia Oil-Sands Oil 2012 231

Green Car Congress

JULY 16, 2017

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. News sources reported that the output from Saudi Aramco’s massive Manifa oilfield has been hit by a technical problem. Saudi August crude exports could fall to around 6.6

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Oil Libya Nigeria Qatar 186

Green Car Congress

JANUARY 22, 2015

Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time. Exporting oil is dumber. The US imports almost half of the crude oil that we use. The chart below shows the EIA prediction that production will slowly fall and imports will rise (AEO 2014) after 2016. by Arthur E.

Saudi Arabia 150

Saudi Arabia Energy Oil IDEA 150

Green Car Congress

OCTOBER 25, 2015

It may just delay the adjustment for oil markets. “It In fact, Jeffries sees the spring of 2016 as a more critical deadline for struggling drillers hoping to keep their credit lines open. “We The ratings agency cut its forecasted oil price for 2016 to just $48 per barrel. rig count has declined by more than half, U.S.

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Saudi Arabia Oil Prices Oil Russia 150

Green Car Congress

MARCH 23, 2017

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. Having a smaller footprint globally would, in turn, mean that OPEC would wield less influence over the price of oil.

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Iraq Saudi Arabia Oil Oil Prices 150

Green Car Congress

OCTOBER 6, 2015

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

MARCH 8, 2017

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year. But resurgent U.S.

Oil Prices 170

Oil Prices Saudi Arabia Oil Price 170

Green Car Congress

DECEMBER 8, 2011

By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. First production is expected in 2016. million barrels per day. —Chairman and CEO John Watson.

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Chevron 2012 Angola Saudi Arabia 170

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis Expected a Hole, Not a Bottomless Pit. percent in 2016.

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Saudi Arabia Oil Iraq Iran 150

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

FEBRUARY 4, 2010

It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources. And we want to get up 10 commercial demonstration projects, get those up and running by 2016.

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Obama Coal Clean Cleaning 218

Green Car Congress

NOVEMBER 14, 2015

Fuels technology is a critical area of research for Saudi Aramco where we are leveraging on our leading position in integrated oil and gas production and refining to invest in innovative solutions that will significantly improve efficiency and lower emissions from the (production) well-head to the (car) wheel.

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Saudi Arabia Detroit Fuel Engine 150

Green Car Congress

OCTOBER 9, 2011

All units are expected to be up and running in 2016. Owned by the Saudi Arabian Government, Saudi Aramco is a fully integrated, global petroleum enterprise and a world leader in exploration and production, refining, distribution, shipping, marketing and petrochemicals manufacturing. Saudi Aramco produced 7.9

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United Arab Emirates Saudi Arabia 2016 United Kingdom 199

Green Car Congress

JULY 25, 2011

The Dow Chemical Company and the Saudi Arabian Oil Company (Saudi Aramco) will form a joint venture (JV) to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City, Kingdom of Saudi Arabia. Many of Sadara’s products will be produced for the very first time in Saudi Arabia.

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Saudi Arabia 2007 Industrial Industry 236

Green Car Congress

NOVEMBER 5, 2012

Examining the role of shale gas, PwC’s report suggests that at current rates of consumption, replacing 10% of global oil and coal consumption with gas could deliver emissions savings of around 3% a year (1gt CO 2 e per annum). Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina).

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Climate Change Climate Saudi Arabia Economy 261