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

Green Car Congress

Increased local demand is not only a growing problem for Saudi Arabia, but for most Persian Gulf producers. Saudi August crude exports could fall to around 6.6 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. million bpd.

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Saudi Arabia and Kuwait might, and should be encouraged to do so. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Nigeria or Algeria cannot do the same for their oil industry. —Goldthau et al. Technology breakthrough. ?A

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