Green Car Congress
APRIL 10, 2015
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? Nigeria’s dilemma. Nigeria is Africa''s largest oil producer and among the top 5 global exporters of LNG. Iraq’s Issues.
Green Car Congress
JULY 16, 2017
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.
Green Car Congress
JULY 28, 2015
The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.
Green Car Congress
MAY 6, 2019
Nigeria or Algeria cannot do the same for their oil industry. 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. Saudi Arabia and Kuwait might, and should be encouraged to do so. —Goldthau et al. Geopolitical friction is low.
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