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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.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

With the huge reduction in its revenues and growing discomfort among its members such as Venezuela, Libya and Nigeria over its current production levels, is OPEC really getting weaker? 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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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. When I got to Libya, I didn’t have money,” Jacob says. Five more migrants died on the southward journey.

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