Green Car Congress

MAY 23, 2016

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. OPEC interactions have become a direct altercation between Saudi Arabia and Iran, with the remaining members reduced to mere observers. million barrels per day (bpd).

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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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Green Car Congress

NOVEMBER 6, 2015

That is a feature that is hard to overemphasize in today’s oil pricing environment. Then again, there is a question about whether or not shale can really be a major source of supply over the long-term. By the 2020s, the IEA says, the world will once again be dependent on traditional sources of supply—largely from the Middle East.

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Green Car Congress

SEPTEMBER 18, 2015

Global Supply and Demand Fundamentals Continue to Worsen. It further suggests that the August production surplus is because of both a production (supply) increase of 85,000 barrels per day and a consumption (demand) decrease of 182,000 barrels per day compared to July. Source: EIA and Labyrinth Consulting Services, Inc. Conclusions.

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