Green Car Congress

AUGUST 12, 2015

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. Even when we look at the refining sector, we see that the oil kingdom has been following a similar strategy of flooding the markets with refined fuel.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Baua Electric

JANUARY 12, 2024

Tesla and Volvo are among several companies having to direct ships away from the Red Sea amid the threat of attacks, Automotive News Europe reports. Attacks in the Red Sea have jumped 500% in the past month, with now companies taking extreme measures to avoid risk.

Volvo 52

Volvo Yemen Iran Production 52

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.

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Saudi Arabia Oil Iraq Iran 150