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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. million units.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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Venezuela, an OPEC member, has even proposed an emergency summit meeting. and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. Their suffering has led some to call for a change in strategy to “balance” the market and boost prices.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. crude will compete with Russian crude in several key markets.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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million barrels per day in 1H 2015, in part because as Russia's economy contracted, reducing domestic crude demand to 3.47 As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. Moreover, Saudi policy, combined with the impact of U.S. million barrels/day in 2014 to 7.55

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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

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In the end, 188 countries voted in favor of the motion, with Cuba, Bolivia, Sudan, and Venezuela voting against it. Finance structures would be created and funded by developed countries, encouraging developing countries and emerging economies to minimize future emissions and adapt to future effects of climate change. degrees Celsius.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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A growing share of output comes from natural gas liquids (more than 18 mb/d in 2035) and unconventional sources (10 mb/d, largely from Canada and Venezuela). Key challenges for Russia are to finance a new generation of higher-cost oil and gas fields and to improve its energy efficiency. trillion in subsidies over the projection period.

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