Remove Cheap Remove Future Remove Global Remove Iran
article thumbnail

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?

article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? He is author of “Oil—Past, present, future—An Indian Perspective”.

article thumbnail

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

Green Car Congress

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. Other OPEC members agreed to similar deals, ensuring perpetual global demand for greenbacks. Rise of the Yuan.

Russia 225
article thumbnail

War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

This war will have many long-term consequences, but possibly none more important than its effects on the future of the European energy supply. For natural gas, it is the world’s second largest producer , behind the United States and ahead of Iran, and its largest exporter. Regardless, the E.U.

Ukraine 122