Green Car Congress

JANUARY 31, 2018

Echoing the criticism of too much hype surrounding US shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Riyadh-based Al Rajhi Capital dug into the financials of a long list of U.S. It remains to be seen if that will happen, especially given the recent run up in prices.

Industrial 207

Industrial Industry Oil Price 207

Green Car Congress

MAY 23, 2016

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. Link to original article: [link].

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Saudi Arabia Iran Store Oil 150

Green Car Congress

NOVEMBER 20, 2016

That is because of two reasons—the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices. However, the collapse of oil prices since 2014 has pushed the Saudi budget deep into the red. Link to original article: [link].

Saudi Arabia 150

Saudi Arabia Oil Oil Prices Russia 150

Green Car Congress

FEBRUARY 7, 2019

Any major disruption to cobalt today would likely curb EV proliferation in the early 2020s, in turn supporting long dated crude oil prices,” Bank of America Merrill Lynch warned. There are a long list of other uncertainties that complicate such medium- and long-term forecasting. Link to original article: [link].

Oil 306

Oil America Oil Prices South Africa 306