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Oil price tumbles after OPEC releases 2015 forecast

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The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. The exceptions, the news agency reports, are Kuwait and Qatar. by Andy Tully of Oilprice.com. And that’s just one of several sour estimates.

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

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If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A It lists energy-related projects totaling $318 billion (no timeframe specified), which is, in SAGIA’s words, “large-scale capital spending [is] applied to building new capacity and expansion of existing facilities.” 2012), and averaged 10.4

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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. They pose an existential threat to the industry and therefore to the Russian economy: The revenues Russia can earn from its crude and natural gas exports face intense pressure. Live by Energy…. The emergence of the U.S.,

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Saudi Arabia and Kuwait might, and should be encouraged to do so. This scenario assumes a full global consensus for action on climate change. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. Nigeria or Algeria cannot do the same for their oil industry.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. This increase in output occurs with the context of a narrow global demand opportunity.

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2018 Environmental Performance Index: Air quality top public health threat

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Of the emerging economies, China and India rank 120 th and 177 th respectively, reflecting the strain population pressures and rapid economic growth impose on the environment, note the researchers. Sustainability outcomes among emerging economies remains highly variable. EPI and Global Sustainability Data. 2018 EPI Trends.

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