Green Car Congress
OCTOBER 20, 2015
Venezuela, an OPEC member, has even proposed an emergency summit meeting. However, as deficits deplete reserves and events occur that threaten the peg and Saudi oil-related export revenues, this comfort quickly could dissipate. Their suffering has led some to call for a change in strategy to “balance” the market and boost prices.
Green Car Congress
NOVEMBER 20, 2016
The IPO will be a monumental event, one that the Wall Street Journal says could offer Wall Street some of the largest fees in history. 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.
Cars That Think
JANUARY 29, 2022
Bad things happen when demand outstrips supply. We learned that lesson too well at the start of the pandemic, when demand for toilet paper, disinfecting wipes, masks, and ventilators outstripped the available supply. Clearly, balancing the supply and demand of goods is critical for a stable, normal, functional society.
Green Car Congress
NOVEMBER 13, 2011
Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. Production of conventional crude oil—the largest single component of oil supply—remains at current levels before declining slightly to around 68 mb/d by 2035. —WEO 2011.
Green Car Congress
MAY 27, 2022
Glencore also admitted to bribery of officials in Brazil and Venezuela. In Venezuela, Glencore admitted to conspiring to secure improper business advantages by paying over $1.2 bought from, and sold to, another party, did not reflect legitimate forces of supply and demand.
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