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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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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. This decision set crude prices on a downward path.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

Russia 150
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When Will Russia Run Out Of Oil?

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Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. When will Russia run out of oil? million tons.

Russia 150
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Energy and environmental costs of flying around closed airspaces

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A recent article by Jacopo Prisco has documented the impact that closed airspace over Russia has on a one specific flight—a Finnair nonstop flight from Helsinki to Tokyo (Narita), using an Airbus A350-900. The basic facts from the Prisco’s article are summarized in the table below.

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Continental calls for market-based adaptation of the legal framework to support autonomous driving

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International automotive supplier Continental is calling for a market-based adaptation of the legal framework for automated driving. However, the necessary adjustments to the traffic regulatory framework must not fail to take into account the connection with these market dynamics. —Christian Senger.

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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

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Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Russia and China Cozy Up. Reign of the USD. Before the 20 th century, the value of money was tied to gold.

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Westport partners with GAZ Group on new CNG medium-duty vehicle range

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and GAZ Group, the leader of the Russian commercial vehicles market, signed a multi-year development and supply agreement for a new range of GAZ Group medium-duty compressed natural gas (CNG) commercial vehicles. A 2012 Global Strategic Business Report projects that the number of natural gas vehicles in Russia will almost double by 2018.

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