Economy Global Supplies Venezuela 
Green Car Congress
MARCH 6, 2018
Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d by 2023 to 104.7
Green Car Congress
APRIL 10, 2015
With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Source: opec.org).
Green Car Congress
OCTOBER 6, 2015
Energy is the foundation of Russia, its economy, its government, and its political system. Russia supplied about 30 percent (146.6 They pose an existential threat to the industry and therefore to the Russian economy: The revenues Russia can earn from its crude and natural gas exports face intense pressure. mmbbl/day) in 2013.
Green Car Congress
AUGUST 25, 2015
Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output. percent, during the same period; during the same period, OPEC output as a share of global output declined slightly, from 39.5 percent from 10.2
Green Car Congress
OCTOBER 20, 2015
Venezuela, an OPEC member, has even proposed an emergency summit meeting. This apparent bravado notwithstanding, the two countries’ entry into the low-price Crudedome is ravaging their economies. Breaking the peg would devastate the Saudi economy. IMF WEO Data: Recessions as far as the Eyes can See. percent growth in Q1.
EV Info
SEPTEMBER 23, 2021
Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. Climate Change.
Green Car Congress
NOVEMBER 20, 2016
That is because of two reasons—the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices. As the FT notes, this figure will have massive ramifications for both Saudi Arabia and the global oil market.
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