Green Car Congress

JUNE 18, 2022

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 In contrast to 2022 when the OECD led the expansion, non-OECD economies are set to account for nearly 80% of growth next year. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 mb/d in 2022 to 2.2

Oil 210

Oil Global Libya Russia 210

Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6 billion) and $1 billion ($2.5

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Green Car Congress

JULY 28, 2018

dollar poses an obstacle to further gains in oil prices. The dollar has gained more than 8 percent against the Chinese currency since March. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive.

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Oil Prices Oil Price South Africa 170