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

Green Car Congress

His assessments are based on regional (OPEC) developments, as production of oil and gas in the so-called cheap oil regions is also under threat. If Saudi Aramco or QP are already experiencing production threats, the situation in other production regions, such as Nigeria, Libya or Mexico, could be even more dire.

Oil 186
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Europe Expands Virtual Borders To Thwart Migrants

Cars That Think

It was after midnight in the Maltese search-and-rescue zone of the Mediterranean when a rubber boat originating from Libya carrying dozens of migrants encountered a hulking cargo ship from Madeira and a European military aircraft. wants to step away from having proactive naval operations,” says international relations researcher.

Europe 136
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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.