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The 5 Countries That Could Push Oil Prices Up

Green Car Congress

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.

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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury has temporarily exempted graphite and other trace critical minerals from new strict rules barring materials from China and other countries deemed a Foreign Entity of Concern (FEOC), including North Korea, Russia and Iran. ” The new rules, required under an August 2022 law, are designed to wean the U.S. .

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 from a market for Russian crude and natural gas (via LNG) to a global competitor. percent of GDP in 2014.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

oil analyst cited in this article, who has tracked oil companies’ budgets for many years, estimates that Aramco and its Kuwaiti and UAE counterparts will increase their investment in oil exploration and production in 2015 by 4.5 According to an August 26 Bloomberg article , the Saudi government is seeking ways to reduce investment in 2016 “.as

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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

Russia ranks second in the extraction of both crude oil (behind the United States and ahead of Saudi Arabia) and natural gas (behind the United States and ahead of Iran), and it is the sixth-largest producer of coal (behind Australia and ahead of South Africa). Here are the basic facts. share in 2020, by contrast, was about 9 percent.

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Day Of Reckoning For US Shale Will Have To Wait

Green Car Congress

Moody’s Investors Service sees the contraction as too little to make a significant dent in the global supply gut. Moody’s sees global oil production rising by 1 million barrels per day in both 2015 and 2016. Article Source: [link]. The ratings agency cut its forecasted oil price for 2016 to just $48 per barrel.

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Opinion: The Current Oil Price Rally Is Reaching Its Limits

Green Car Congress

More oil bulls are piling on in anticipation of the April OPEC meeting , on an unfounded belief that the production freeze may actually have any material impact on global oil supplies. Iran also continues to add production, albeit at a slower-than-expected rate. Article Source: [link]. More output is bearish.”