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What Does The Next OPEC Meeting Have In Store?

Green Car Congress

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. OPEC is in a difficult situation.”.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

In delivering this important project into production we will be securing vital long-term energy supply to Japan.Ichthys production volumes represent more than 10% of Japan’s LNG imports at current. Ichthys will provide a long-term stable supply of cleaner energy to. Japan, and help Japan diversify its energy sources.

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Volvo joins Tesla in halting EV production due to Red Sea attacks

Baua Electric

What’s happening is that Iran-backed Houthis have declared a blockade on the Bab al-Mandeb strait, near Yemen, in response to Israel’s attacks on Gaza – it’s a tiny chokehold to the Red Sea and a control point of all shipping between the Indian Ocean and the Mediterranean Sea via the Suez Canal. Get started here.

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