Green Car Congress
OCTOBER 26, 2017
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.
Green Car Congress
MARCH 30, 2016
crude oil is Venezuela. In early February, Venezuela’s state-run oil company PDVSA imported a 550,000-barrel cargo of West Texas Intermediate (WTI) through its U.S.-based Venezuela started importing foreign crudes in 2014 amid a fall in its own production—buying mostly Angolan and Nigerian light grades.
Green Car Congress
FEBRUARY 25, 2016
Then we have Venezuela, where production costs hover just over $23 per barrel on average, but where disaster is imminent. For Venezuela, the breakeven point is particularly elusive because the country’s oil is very heavy and very dirty —and thus very expensive to extract and refine. Venezuela is already on its knees.
Green Car Congress
JULY 28, 2018
The oil supply outages in Venezuela, Libya and Iran could yet drive oil prices much higher. Link to original article: [link]. Commodity prices are often a key barometer for global demand, which is to say that the recent selloff has some analysts worried about the health of the global economy. But the strength of the U.S.
Green Car Congress
NOVEMBER 20, 2016
But while everyone believes Saudi Arabia has some of the largest oil reserves in the world, perhaps rivaled only by Venezuela, there has been a lot of uncertainty and skepticism over exactly how much sits beneath the Saudi desert. Link to original article: [link]. The oil world’s biggest secret could soon be publicly released.
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].
Green Car Congress
OCTOBER 6, 2015
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 Russia already has extensive and close ties with Iran and Venezuela, and is now laying the basis for such ties with Iraq.
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