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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. Iran Nuclear Deal: A warning sign for OPEC?

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Saudis Expand Price War Downstream

Green Car Congress

The crude is so cheap it’s pretty much free for them, the margins are going to be massive. He has dealt with dealt with oil companies such as ONGC; Oil India limited IOCL, BPCL, HPCL and others. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.

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

Green Car Congress

“But taken in the context of many other actions around the world including Saudi Arabia’s frustration with US foreign policy toward Iran, and China’s voracious appetite for gold, these actions are meaningful steps away from the dollar.”. The company was also seeking financing for a gas project in Russia despite Western sanctions. “It

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

For natural gas, it is the world’s second largest producer , behind the United States and ahead of Iran, and its largest exporter. At the same time, though, Russian energy has been buffeted by announcements from major Western petroleum companies that they’ll extricate themselves from Russia, with whom they've been doing business for decades.

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Slow start for charge of the electric cars - Times Online

Tony Karrer Delicious EVdriven

Cheap to run but expensive to buy, they offer theprospect of low or zero carbon emissions, but manufacturers won’t sell themunless motorists want to buy them – and motorists won’t buy unless the priceis right and there are enough places to charge the batteries. Walkout at UN conference after Iran.