Green Car Congress

OCTOBER 12, 2012

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.

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Oil Oil-Sands Global Oil Prices 255

Green Car Congress

SEPTEMBER 2, 2015

If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A percent increase), based on Saudi Arabia’s conflict with Iran. Annual export volume is based on the IEA’s monthly Oil Market Report’s Table 2 (Summary of Global Oil Demand) and Table 3 (World Oil Production). dollar spreadsheet.

Oil 150

Oil Saudi Arabia UAE 2015 150

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. In other major export markets, demand is stagnant. is no longer a growth market for oil exporters.

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Saudi Arabia Oil Iraq Iran 150

Green Car Congress

SEPTEMBER 18, 2015

This is part of overall weak demand in a global economy that has been severely weakened by debt. IEA ended its September Oil Monthly Report saying,“On the face of it, the Saudi-led OPEC strategy to defend market share regardless of price appears to be having the intended effect of driving out costly, “inefficient” production.”.

Oil 150

Oil Oil-Sands Oil Prices 2015 150