Green Car Congress

JUNE 18, 2022

As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Non-OPEC+ is set to lead world supply growth through next year, adding 1.9 mb/d and 1.9

Oil 210

Oil Global Libya Russia 210

Green Car Congress

OCTOBER 6, 2015

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.

Russia 150

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.

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.

Oil Prices 170

Oil Prices Oil Price South Africa 170