Remove Cheap Remove Future Remove International Remove Nigeria
article thumbnail

Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.

article thumbnail

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

Saudi Aramco’s investment of $300 billion in the next 10 years will, in large part, be focusing on the new technology needed to keep existing projects running while opening up new volumes in the future. With increased demand for crude oil and petroleum products still shown in all international assessments, the market will need to react.

Oil 186