Green Car Congress
JULY 12, 2021
The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. Country wise, Russia (-1 million b/d), Libya (-920,000 b/d) and Saudi Arabia (-790,000 b/d). World oil production fell for the first time since 2009 by 6.6 million b/d in 2020 driven by both OPEC (-4.3
Green Car Congress
NOVEMBER 2, 2020
To this end, the GECF Secretary General reiterated the GECF’s readiness to support the Turkmen industry as it undergoes transformation on the back of the future energy trends, digitalization, and climate action.
Green Car Congress
JUNE 18, 2022
Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Since 6 June, WTI and Brent futures have averaged above $120/bbl. Non-OPEC+ is set to lead world supply growth through next year, adding 1.9 mb/d in 2022 and 1.8 mb/d in 2023, according to IEA. mb/d this year, eroding its spare capacity cushion.
Green Car Congress
JULY 7, 2015
But volumes exported from Turkish Mediterranean port Ceyhan via the pipeline system of semi-autonomous Iraqi Kurdistan fell by more than half from May levels, raising a question mark over the future of an oil export agreement signed by Baghdad and Erbil late last year.
Green Car Congress
JULY 16, 2017
Saudi Aramco’s investment of $300 billion in the next 10 years will, in large part, be focusing on the new technology needed to keep existing projects running while opening up new volumes in the future. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary.
Green Car Congress
DECEMBER 23, 2016
Also, hedge funds and other money managers have staked out the most bullish position on oil futures in more than two years. On top of that, disrupted output from Libya and Nigeria—two countries not subjected to the OPEC cuts—could begin to come back. Weekly EIA data shows gains of nearly 300,000 bpd since the end of summer.
Cars That Think
FEBRUARY 4, 2022
It was after midnight in the Maltese search-and-rescue zone of the Mediterranean when a rubber boat originating from Libya carrying dozens of migrants encountered a hulking cargo ship from Madeira and a European military aircraft. When I got to Libya, I didn’t have money,” Jacob says. Five more migrants died on the southward journey.
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