Green Car Congress

APRIL 10, 2015

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. Venezuela’s Woes. (Source: opec.org). All is not well for OPEC.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

JULY 28, 2015

Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. The crude is so cheap it’s pretty much free for them, the margins are going to be massive.

Saudi Arabia 150

Saudi Arabia Price Oil India 150

EV Info

SEPTEMBER 23, 2021

Ministers decided they would rather throw hundreds of Northern workers out of a job, turn down hundreds of millions of pounds of investment and rely instead – for the five million tonnes of coal per year gap that we still need for industry – on energy imports from those famously reliable partners, Russia and Venezuela. Gas is the only answer.

Power 52

Power Powered Wind Coal 52

Green Car Congress

NOVEMBER 13, 2011

Oil and the Transport Sector: Reconfirming the End of Cheap Oil. The transport sector—which depends almost entirely on oil products, with 93% of all the fuel used in the sector being oil-based in 2010—remains the main driver of global oil demand as economic growth increases demand for personal mobility and freight.

Oil 247

Oil Transportation Cheap Fleet 247