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IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

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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Autonomous driving tech faces geopolitical ‘winter’ on road to mainstream – ET Auto

Baua Electric

The incidents in the US, involving GM’s Cruise and Waymo robotaxis have also triggered debates over autonomously driving cars globally too. It’s a market of reputation, and we are not willing to take any shortcut if they do not create a safe solution”. Then “who is the supplier that can survive in that environment?”

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

That is a feature that is hard to overemphasize in today’s oil pricing environment. In other words, banks are allowing drillers to continue to borrow, which could delay the inevitable balancing needed in the market. It may just delay the adjustment for oil markets. “It rig count has declined by more than half, U.S.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

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. This increase in output occurs with the context of a narrow global demand opportunity.

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Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

Green Car Congress

Global Supply and Demand Fundamentals Continue to Worsen. This is part of overall weak demand in a global economy that has been severely weakened by debt. With Iran poised in early 2016 to add almost as much oil as the amount of the US production decline to date, the outlook for tight oil producers could not be worse.

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