Green Car Congress
JULY 30, 2019
In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5 Asia Pacific’s oil dependence continues to grow, ranking first in terms of deficit. also rose in Brazil and Norway.
Green Car Congress
DECEMBER 5, 2018
million barrels daily, including from Russia, to reverse the free fall of oil prices. A recent report from Capital Economics said Saudi Arabia has its problems but it could withstand lower oil prices without feeling too much of a pinch. Saudi Arabia cannot afford another slump in oil prices,” he warns. “It
Green Car Congress
JANUARY 6, 2022
Among sellers, signings were roughly evenly split between the United States, Russia, Qatar and portfolio suppliers (although many of the latter are likely to source volumes from US projects). However, by August both Asian and European spot LNG prices climbed well above their oil price equivalent and remained above it for the rest of the year.
Green Car Congress
FEBRUARY 8, 2018
However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. The largest effects of removing subsidies were found in areas that export oil and gas, such as Russia, Latin America, and the Middle East and North Africa.
Green Car Congress
APRIL 18, 2020
Looking across the full year, IHS Markit is expecting a 21% decline over 2019 production volumes due to a combination of factors including COVID-19, but also the natural weakening in truck demand following unusually strong sales in 2018-19.
Green Car Congress
JULY 4, 2009
This performance, Winterkorn said, “ is no reason for euphoria ” but shows that the Volkswagen group—which comprises nine automotive brands—is staying on course, and shows that its strategy to 2018 is on the right track. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said.
Green Car Congress
NOVEMBER 20, 2016
Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. But while it produces at similar levels as Russia and the US, it is long been a vastly more influential player in the oil world. The oil world’s biggest secret could soon be publicly released.
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